$689,999 Active Under Contract
2126 Helen Ave Avenue
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
·
912 Sq Ft

About This Property

Skip the Line for a VHR permit!Automatically eligible for VHR permit based on mixed use zoning.--->Not subject to the city of South Lake Tahoe's residential 900-permit cap on Vacation Home Rental (VHR) permits.Classified under mixed-use zoning and governed by Tourist Core rules and regulations.(see Ordinance doc. in photos)Prime South Lake Tahoe Location!!! End of cul de sac, centrally located in the Barton Hosp. Health district of the TVCP and on the bike connector trail.Don't miss this exceptional investment opportunity featuring an active Vacation Home Rental permit and mixed-use/commercial zoning on a large lot. Perfect for short-term rental income, live/work setup, or future development potential. Property furnished to comfortably sleep 8. Unbeatable location; end of cul de sac, centrally located in the Barton Hosp. Health district of the TVCP, & 10 minutes from Heavenly Ski Resort, the Village, and Stateline casinos. Situated directly on the bike path to Pope Beach and Camp Richardson, with breweries, coffee shops, and restaurants less than 100 yards away. This rare combination of VHR permit, commercial zoning, and prime location makes this a must-see for investors and vacation home buyers alike. Endless possibilities await!

Listed by Kimberly Williams — Coldwell Banker Select Real Estate - Round Hill

Listing Details

Status Active Under Contract
MLS # 142743
Days on Market 130
Sold Date 1800-01-01
Price/Sq Ft $757

Property History

May 13, 2026
Listed for sale
$689,999
Jul 13, 2026
Pending
$689,999
Jul 19, 2026
Relisted
$689,999
Sep 15, 2026
Pending
$689,999

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2023 · county record $535,000 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 2
Baths 1.0
Sq. Ft. 912
Lot Size 0.20 acres
Year Built 1976
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023373002000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Construction Wood Siding
Roof Composition
Utilities & Systems
Heating Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$20K – $50K typically ~$30,000
~$2,500 per month
Avg Nightly
$164
Occupancy
50%
Cap Rate
1.7%

STR Investment Summary — 2126 Helen Ave Avenue, 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
$20K – $50K
typically ~$30,000
Avg Nightly Rate
$164
Projected Occupancy
50.1%
Cap Rate
1.7%
Structural Score: 52 / 100 (Standard) · 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
1,228 sq ft covered of 425 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,742 sq ft
Allowed Coverage
425 sq ft · 5%
Existing Coverage
1,228 sq ft · 14%
Addable Coverage
0 sq ft
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% ($138,000)
Home price
$689,999
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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