$1,148,000 Active
2046 Lukins Way
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
5 Beds
·
4.0 Baths
·
2,789 Sq Ft
Virtual Tour

About This Property

Spacious and versatile, this five-bedroom, four-bathroom home offers a flexible floor plan designed to accommodate a variety of living arrangements. With two primary suites, including one conveniently located on the main level, this property is well suited for multi-generational living, large families, or those seeking extra space for guests. The main level features an open-concept living area with laminate wood flooring, a gas fireplace, and a spacious kitchen complete with stainless steel appliances, ample counter space, and abundant storage. Upstairs, you'll find additional bedrooms, a second primary suite, and a large game room that provides the perfect separation of living and entertainment spaces. For added convenience, laundry facilities are located on both levels. The oversized tandem garage offers approximately 400 square feet of space with 12-foot ceilings and a depth of approximately 34 feet, providing plenty of room for vehicles, recreational equipment, tools, and seasonal storage.The level sunny lot has recently been fully landscaped, enhancing the curb appeal and the enjoyment of the outdoor space. Located in the heart of South Lake Tahoe, this turnkey home offers easy access to year-round recreation. The paved bike trail is just steps away and provides convenient access to local beaches, Camp Richardson, and miles of scenic riding and walking paths. Nearby meadows, hiking and biking trails, Heavenly Ski Resort, and Sierra-at-Tahoe offer endless opportunities for outdoor adventure. Shopping, dining, and entertainment are all just minutes away, making this an ideal opportunity to enjoy the best of the Tahoe lifestyle.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143125
Days on Market 26
Sold Date 1800-01-01
Price/Sq Ft $412

Property History

Jun 30, 2026
Listed for sale
$1,148,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2023 $800,000 Claudette OlsenColdwell Banker Select - LTB Theresa M SouersBerkshire 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.

Property Overview
Beds 5
Baths 4.0
Sq. Ft. 2,789
Lot Size 0.12 acres
Stories 2
Year Built 2015
Property Type Single Family Residence
Subdivision Lukins
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023111018000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Forest
Construction Wood Frame,Stucco
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 2046 Lukins Way, South Lake Tahoe

Est. Annual Revenue
$75,264
Avg Nightly Rate
$438
Projected Occupancy
47.1%
Cap Rate
2.6%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,785 sq ft covered of 1,590 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,300 sq ft
Allowed Coverage
1,590 sq ft · 30%
Existing Coverage
2,785 sq ft · 53%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($229,600)
Home price
$1,148,000
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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