$599,000 $625,000 ↓ $26,000 reduced Active
2934 Nevada Avenue
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.
3 Beds
·
2.0 Baths
·
1,224 Sq Ft
Virtual Tour

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why TRPA land coverage Over the limit 1,914 of 1,803 sq ft used Home insurance $2,900 – $3,400/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Located in the highly desirable Al Tahoe neighborhood, this single-level home offers a fantastic setting directly across from the expansive meadow with filtered mountain and meadow views. Just a few blocks from El Dorado Beach, the public boat launch, Lake Tahoe, and popular dining options, the property is also just a short drive from Heavenly Ski Resort and the excitement of Stateline.The spacious floor plan features three bedrooms, two bathrooms, an attached two-car garage, and a generously sized living area. Much of the home retains its original fixtures and finishes, providing an excellent opportunity to update and personalize the property to your taste.Recent improvements include a new garage door and opener along with a newer forced-air heating system. The oversized garage is insulated and provides plenty of room for vehicles, Tahoe toys, and additional storage. Outside, the sunny, fully fenced yard offers a great space for entertaining, pets, gardening, or simply enjoying the mountain setting.With its single-level layout, meadow-side location, and exceptional proximity to beaches, recreation, dining, and Heavenly, this Al Tahoe property offers tremendous potential as a primary residence, Tahoe getaway, or investment property.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143391
Days on Market 63
Price/Sq Ft $489

Property History

Aug 21, 2026
Listed for sale
$625,000
Oct 12, 2026
Price reduced
$599,000 $625,000 ↓ $26,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,224
Lot Size 0.14 acres
Year Built 1973
Property Type Single Family Residence
Style Ranch
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026143017000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Mountains, Meadow, Filtered
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
62
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 — 2934 Nevada 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.
Structural Score: 62 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,914 sq ft covered of 1,803 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,011 sq ft
Allowed Coverage
1,803 sq ft · 30%
Existing Coverage
1,914 sq ft · 32%
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 ↗ How the Basin compares

Home Insurance Estimate

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

$2,900 – $3,400/yr
about $262/mo
Est. Rebuild Cost (Coverage A)
$514,080
FAIR Plan (fire)
$2,400/yr
DIC wrap (theft, water, liability)
$500 – $1,000/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

$3,838 per month
Principal & interest
$3,029/mo
Property taxes
$546/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.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$263/mo
CA FAIR Plan + DIC estimate, ~$2,900–$3,400/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($119,800)
Home price
$599,000
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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