$650,000 Active
3861 Saddle Road #10
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.0 Baths
·
935 Sq Ft
Virtual Tour

About This Property

Located directly across the street from the California Base Lodge at Heavenly Mountain Resort, this beautifully renovated townhouse offers one of the best locations in the entire complex with unmatched access to skiing, hiking, restaurants, and year-round recreation. Just walk across the street to the lifts and enjoy the convenience of leaving the car behind. This property also offers excellent vacation rental potential and may qualify for a short-term rental permit through the City of South Lake Tahoe while permits remain available.Positioned in a premier location within the complex, this unit features the largest deck in the development with panoramic views overlooking the ski resort and surrounding mountains. The upstairs living floor plan is filled with natural light and showcases vaulted open beam ceilings, floor-to-ceiling windows, laminate flooring, and a cozy gas fireplace. The spacious deck creates the perfect setting for apres-ski entertaining or relaxing while taking in the ski resort views.The remodeled kitchen features custom cabinetry, quartz countertops, and newer stainless steel appliances including a gas range. Both bathrooms have been tastefully updated with custom tile work, designer fixtures, and modern vanities. Downstairs are three spacious bedrooms with updated flooring, including one bedroom with its own gas fireplace and beautiful ledgestone surround.This turn-key mountain retreat is being sold tastefully furnished and decorated, making it an ideal primary residence, second home, or investment property in one of South Lake Tahoe's most desirable ski locations.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142864
Sold Date 1800-01-01
Price/Sq Ft $695

Property History

May 06, 2026
Listed for sale
$650,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 935
Lot Size 0.01 acres
Stories 2
Year Built 1973
Property Type Townhouse
Subdivision Concept Sierra
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 030521010000
Parking
Parking Features 0.00
Exterior & Lot
View Mountains,Forest,Ski Resort
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA Fee $715 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Spa
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 3861 Saddle Road #10, South Lake Tahoe

Est. Annual Revenue
$46,151
Avg Nightly Rate
$356
Projected Occupancy
36.0%
Cap Rate
2.8%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($130,000)
Home price
$650,000
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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