$535,000 Active Under Contract
3316 Bruce Drive
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.
2 Beds
·
1.0 Baths
·
864 Sq Ft

About This Property

This Sweet home has been Modernized, Refreshed & Renovated with updated features of:-Roof -Exterior Paint -Interior Paint -Laminate Flooring and carpet in bedrooms -Vanity -Kitchen Cabinets -Quartz counter tops -Samsung electric range -Sinks -Faucets -Water Heater.The kitchen and dining room open up to a spacious living room with vaulted ceilings throughout the home.This home has a fantastic location across from Bijou Meadow and offers easy access to the new City of SLT bike path. The central in-town location is close to all Lake Tahoe amenities including short distances to skiing, biking & beaches.Gated RV or Boat StorageTwo sides of the property are USFS and CA Conservancy land which provide privacy. These government parcels are believed to be unbuildable.Come take a look today, the property is turn-key and ready for a new owner to enjoy!

Listed by Jana Nelson — Compass

Listing Details

Status Active Under Contract
MLS # 143280
Days on Market 25
Sold Date 1800-01-01
Price/Sq Ft $619

Property History

Jul 30, 2026
Listed for sale
$535,000
Aug 02, 2026
Pending
$535,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2003 · county record $238,000 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.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 864
Lot Size 0.14 acres
Year Built 1969
Property Type Single Family Residence
Subdivision Rancho Bijou
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025403009000
Parking
Parking Features RV Access/Parking
Exterior & Lot
Exterior Features Other/See Remarks
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
55
PROJECTED GROSS ANNUAL REVENUE
$28K – $58K typically ~$37,821
~$3,152 per month
Avg Nightly
$196
Occupancy
53%
Cap Rate
2.8%

STR Investment Summary — 3316 Bruce Drive, South Lake Tahoe

Est. Gross Annual Revenue
$28K – $58K
typically ~$37,821
Avg Nightly Rate
$196
Projected Occupancy
52.8%
Cap Rate
2.8%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

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
1,398 sq ft covered of 60 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,991 sq ft
Allowed Coverage
60 sq ft · 1%
Existing Coverage
1,398 sq ft · 23%
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% ($107,000)
Home price
$535,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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