$540,000 $560,000 ↓ $20,000 reduced Active
803 Modesto Avenue
South Lake Tahoe, CA 96150

Get homes like this by email

When a home like this lists in South Lake Tahoe at a similar price and size, we email you the same day. No account needed.

⏳ 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
·
1,184 Sq Ft

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 2,093 of 1,794 sq ft used Home insurance $2,800 – $3,200/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Walk to Lake Tahoe! Prime location, exceptional potential, and an opportunity to create your own Tahoe retreat. This 3-bedroom, 2-bath home is ideally situated in the heart of town, just a short walk to the lake and close to popular coffee shops, restaurants, shopping, and year-round recreation. With plenty of opportunity for sweat equity, this property is ready for the next generation of ownership and offers a chance to transform a well-located home into something special. The fully fenced backyard provides a private outdoor space for relaxing, entertaining, or enjoying the Tahoe lifestyle. Plenty of full-time neighbors and a convenient central location, this home offers more than just a great address. Whether you're looking for your first home, a vacation retreat, or a property to personalize and build equity, this is an opportunity worth exploring. Just minutes from world-class skiing, Lake Tahoe beaches, dining, and shopping, this Tahoe gem has the location buyers dream about!

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143531
Days on Market 24
Price/Sq Ft $456

Property History

Sep 28, 2026
Listed for sale
$560,000
Oct 15, 2026
Price reduced
$540,000 $560,000 ↓ $20,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 1994 · county record $86,500 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. 1,184
Lot Size 0.14 acres
Year Built 1965
Property Type Single Family Residence
Style Cabin
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026101012000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater, Wood, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
40
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 — 803 Modesto 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: 40 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,093 sq ft covered of 1,794 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,979 sq ft
Allowed Coverage
1,794 sq ft · 30%
Existing Coverage
2,093 sq ft · 35%
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

$2,800 – $3,200/yr
about $250/mo
Est. Rebuild Cost (Coverage A)
$497,280
FAIR Plan (fire)
$2,300/yr
DIC wrap (theft, water, liability)
$500 – $900/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

$3,474 per month
Principal & interest
$2,731/mo
Property taxes
$493/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
$250/mo
CA FAIR Plan + DIC estimate, ~$2,800–$3,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($108,000)
Home price
$540,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.

Or call directly: (530) 317-0373