$875,000 Active Under Contract
3409 Bruce Drive
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.
3 Beds
·
2.5 Baths
·
2,090 Sq Ft

About This Property

This Bijou home offers a rare combination of newer construction and in-town convenience. Built in 2003, it stands out for the neighborhood, with a two-level layout that includes 3 bedrooms, 2.5 baths, and a clean, modern feel throughout.Located just minutes from Heavenly Ski Resort California Base Lodge, you're only a few minutes more to the gondola, casinos, restaurants, Lake Tahoe, and nearby walking trails. Set along one of Tahoe's main bike paths and near Power Line Trail, it's an easy starting point for year-round outdoor access.Inside, the layout is functional and easy to live in. The kitchen features granite countertops and premium Bosch appliances with a simple, updated finish. The primary suite, located on the upper level, has its own spacious deck, accessed through a new Andersen door for easy indoor-outdoor flow. A second deck off the kitchen extends the main living space, ideal for morning light or quiet evenings. Downstairs, there are two bedrooms, a full bath, a secondary living area, and access to the oversized two-car garage.Southern exposure fills the home with natural light throughout the day, while dual-zone air conditioning, a rarity in Tahoe, keeps things comfortable in the warmer months. The laundry area is conveniently located in the half bath near the primary bedroom.With newer construction, great natural light, and a highly desirable in-town location, this home offers a clean, low-maintenance basecamp for Tahoe living in every season.

Listed by Rhonda Keen — Compass

Listing Details

Status Active Under Contract
MLS # 142681
Days on Market 141
Sold Date 1800-01-01
Price/Sq Ft $419

Property History

Apr 18, 2026
Listed for sale
$875,000
Aug 21, 2026
Pending
$875,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2005 · county record $583,000 Deed record — brokerage sides not reported

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 3
Baths 2.5
Sq. Ft. 2,090
Lot Size 0.14 acres
Year Built 2003
Property Type Single Family Residence
Style Split Level
Subdivision Rancho Bijou
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025393021000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
View Mountains, Filtered, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Other/See Remarks, Central Refrig. A/C
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
71
PROJECTED GROSS ANNUAL REVENUE
$35K – $90K typically ~$55,000
~$4,583 per month
Avg Nightly
$294
Occupancy
51%
Cap Rate
2.5%

STR Investment Summary — 3409 Bruce Drive, 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
$35K – $90K
typically ~$55,000
Avg Nightly Rate
$294
Projected Occupancy
51.3%
Cap Rate
2.5%
Structural Score: 71 / 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

Room to build
1,085 sq ft covered of 1,785 sq ft allowed
700 sq ft of coverage still available to add.
Parcel Size
6,040 sq ft
Allowed Coverage
1,785 sq ft · 30%
Existing Coverage
1,085 sq ft · 18%
Addable Coverage
700 sq ft
IPES Score
883.0
Land Capability · TRPA-verified
IPES
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% ($175,000)
Home price
$875,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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