$324,900 Active
1223 Bonanza Avenue #8
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. 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
·
841 Sq Ft
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Our data on this home

About This Property

Turnkey Tahoe living at its finest. This fully renovated 2-bedroom, 1-bath condo in the sought-after Y community puts you at the heart of everything South Lake Tahoe has to offer just 6 miles from Heavenly Ski Resort and 2 miles from the stunning shores of Lake Tahoe.Every inch of this single-level unit has been thoughtfully updated. The open-concept kitchen impresses with white shaker cabinets, black quartz countertops, a designer tile backsplash, and brand-new stainless steel appliances. New luxury vinyl plank flooring flows throughout, complemented by fresh dual-pane windows, recessed lighting, and newly textured and painted walls and ceilings. The remodeled bathroom features floor-to-ceiling tile in the shower/tub surround and a granite vanity countertop. Both bedrooms are spacious and bright with mirrored closet doors, new ceiling fans, and blackout privacy shades.The HOA covers water, snow removal, exterior maintenance, roof repairs, refuse, on-site laundry, a security system, and an HO-6 insurance policy including fire hazard coverage plus unlimited hot water. Additional parking available.Steps from restaurants, shops, a climbing gym, and grocery stores. Whether you're seeking a full-time residence, weekend retreat, or investment property, this is your perfect Tahoe base camp.Furnishings included!

Listed by Christina Dille — Compass

Listing Details

Status Active
MLS # 143020
Days on Market 138
Price/Sq Ft $386

Property History

Jun 07, 2026
Listed for sale
$324,900

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2012 · county record $255,000 Deed record — brokerage sides not reported
Feb 2024 $330,000 (+29%) Jennifer HarrisoneXp Realty of California Kimberly MooreeXp Realty of California

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. 841
Year Built 1965
Property Type Condominium
Subdivision Gardner Mountain 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023693004000
Exterior & Lot
Construction Wood Frame, Stucco
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
Financial
Seller's Annual Tax $3,809
HOA Fee $320 / Monthly
HOA & Community
Community Amenities Additional Parking
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
51
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.

STR Investment Summary — 1223 Bonanza Avenue #8, 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.
Structural Score: 51 / 100 (Standard) · STR Zone: Red

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,400 – $1,700/yr
about $129/mo
Est. Rebuild Cost (Coverage A)
$252,300
FAIR Plan (fire)
$1,200/yr
DIC wrap (theft, water, liability)
$200 – $500/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$2,388 per month
Principal & interest
$1,643/mo
Property taxes
$296/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price. The $3,809 on this listing is the seller's bill.
HOA dues
$320/mo
From MLS listing data.
Home insurance
$129/mo
CA FAIR Plan + DIC estimate, ~$1,400–$1,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($64,980)
Home price
$324,900
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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