$519,000 $565,000 ↓ $46,000 reduced
861 Gardner Street
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
2 Beds
·
1.0 Baths
·
767 Sq Ft

About This Property

'Please Do Not Disturb Tenants' Sitting in a premier Lake Tahoe locale, this turnkey open-floor-plan cabin offers a seamless blend of cozy charm and modern convenience. Minutes from some of the sandiest, sun-soaked beaches around Lake Tahoe, including near-by access to Fallen Leaf Lake, Angora Lake, and a network of world-class hiking trails, this retreat is a year-round destination that shines in every season. The nearby Heavenly Ski Resort and Village provide top-tier dining, shopping, nightlife, and seasonal activities, ensuring endless entertainment just moments from your door.This property represents a fantastic opportunity for those seeking a ready-to-enjoy Tahoe retreat with significant upside potential through expansion. With the potential of up to 3,251 sq.ft of coverage, possibilities of a larger primary suite, an additional living wing, a garage with living space above, or a dedicated guest area, the layout and land offer a clear path to enhance value while preserving the cabin's warm, inviting character. A perfect gateway to the Lake Tahoe lifestyle luxury, convenience, and endless outdoor adventures all in one remarkable package. 'Short Term Rental Eligible'

Listed by Peter Erdody — Chase International - South Lake Tahoe

Listing Details

Status Withdrawn
MLS # 142645
Days on Market 171
Sold Date 1800-01-01
Price/Sq Ft $677

Property History

Mar 26, 2026
Listed for sale
$565,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2025 $499,000 Alora ReynoldsChase International - South Lake Tahoe Angela M RobertsMountain Luxury Properties
Aug 2026 $525,000 (+5%) Stephanie GriffithSierra Sotheby's International Realty Bret W HowardBerkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 767
Lot Size 0.17 acres
Year Built 1957
Property Type Single Family Residence
Style Cabin
Subdivision Gardner Mountain 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023633010000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Storage Shed,Bear-Proof Trash Can
Construction Wood Frame,Log
Roof Pitched,Asphalt,Composition,Shingle
Foundation Concrete/Crawl Space,Post & Pier
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
65
PROJECTED GROSS ANNUAL REVENUE
$25K – $60K typically ~$40,000
~$3,333 per month
Avg Nightly
$208
Occupancy
53%
Cap Rate
3.1%

STR Investment Summary — 861 Gardner Street, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$25K – $60K
typically ~$40,000
Avg Nightly Rate
$208
Projected Occupancy
52.8%
Cap Rate
3.1%
Structural Score: 65 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,119 sq ft covered of 380 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,603 sq ft
Allowed Coverage
380 sq ft · 5%
Existing Coverage
1,119 sq ft · 15%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
5
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($103,800)
Home price
$519,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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