$695,000 Active
880 Secret Harbor Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. 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
·
1,240 Sq Ft

About This Property

Easy Tahoe living on a quiet neighborhood street, where you can walk to coffee and restaurants, bike to the beach, and spend summer evenings on a patio that feels like an extension of the house.This updated, single-level 3-bedroom, 2-bath home offers a comfortable, functional layout with LVP flooring and new baseboards throughout, fresh interior and exterior paint, remodeled bathrooms, and an updated kitchen with quartz countertops, refinished cabinetry with soft close, and updated sinks and fixtures. Newer central heat system just installed a few years ago.The backyard is where this home really shines. During the warmer months, the spacious patio becomes an outdoor living room, with plenty of space for dining, lounging, a BBQ and fire pit, plus wiring for an outdoor TV. The fenced and landscaped yard creates a private, inviting place to spend long Tahoe afternoons and evenings, while the hot tub (negotiable) is ready for aprs-ski nights when winter arrives.The oversized primary suite opens directly to the backyard and offers enough additional space for a sitting area, home office or workout area.An attached garage and a large storage shed provide plenty of room for Tahoe gear. The shed is especially useful for storing patio furniture, bikes, paddleboards and other summer equipment through the winterwithout the need for separate off-site storage.The location makes it remarkably easy to enjoy Tahoe without always getting in the car. Walk to Crazy Good for morning coffee or to several nearby restaurants without crossing a highway. Bike to Pope Beach or head over to The Hangar for a craft beer or one of their summer concerts. Nearby bike paths making it easy to explore even farther.Come take a look today!

Listed by Jana Nelson — Compass

Listing Details

Status Active
MLS # 143507
Days on Market 3
Sold Date 1800-01-01
Price/Sq Ft $560

Property History

Sep 17, 2026
Listed for sale
$695,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2019 · county record $418,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,240
Lot Size 0.14 acres
Year Built 1963
Property Type Single Family Residence
Style Ranch
Subdivision Tallac Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023782027000
Parking
Garage Spaces 1
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
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
66
PROJECTED GROSS ANNUAL REVENUE
$30K – $55K typically ~$40,000
~$3,333 per month
Avg Nightly
$209
Occupancy
52%
Cap Rate
2.3%

STR Investment Summary — 880 Secret Harbor Drive, 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.
Est. Gross Annual Revenue
$30K – $55K
typically ~$40,000
Avg Nightly Rate
$209
Projected Occupancy
52.4%
Cap Rate
2.3%
Structural Score: 66 / 100 (Premium) · STR Zone: Red

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
2,239 sq ft covered of 1,830 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,100 sq ft
Allowed Coverage
1,830 sq ft · 30%
Existing Coverage
2,239 sq ft · 37%
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% ($139,000)
Home price
$695,000
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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