$775,000 Active
841 S Shore Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
4 Beds
·
3.0 Baths
·
2,272 Sq Ft

About This Property

This home checks every box and then some. Prime location, forest-backed privacy, and room to live, host, and unwind, all at one of the best values in town. Featuring 4 bedrooms, 2,272 square feet, and two separate living spaces, this spacious home blends comfort and functionality with ease. And yes... it's currently the lowest price per square foot in town, making it a standout opportunity you don't want to miss. Set in the highly sought-after Tahoe Island Drive neighborhood, this property backs directly to U.S. Forest Service land, offering privacy, serenity, and endless trail access right out your back gate. Spend your days biking to local shops, breweries, and restaurants, or exploring nearby favorites like Baldwin Beach, Camp Richardson, and Fallen Leaf Lake. Recent upgrades include a freshly painted exterior, new water heater, and newer 200-amp electrical panel. Inside, the downstairs living area is bright and welcoming, featuring a cozy gas fireplace and abundant natural light. A spacious family/game room opens to the rear deck and hot tub—perfect for entertaining or unwinding après-adventure. The kitchen is built for gathering, with a double oven, ample counter space, and generous cabinetry. You'll also find a laundry room with heated floors, a mudroom, and an updated full bath on the main level. Upstairs, the primary suite captures peaceful forest views and offers dual closets, including a walk-in, along with a beautifully updated en-suite bath. Three additional guest bedrooms and another updated full bathroom provide comfort and privacy for family or guests. Out back, enjoy a covered deck, fenced yard, and storage shed, all surrounded by tranquil forest scenery. Whether you're looking for a full-time home, vacation escape, or investment opportunity, this one delivers.

Listed by Heather Lew — Re/Max Realty Today

Listing Details

Status Active
MLS # 260004935
Days on Market 18
Price/Sq Ft $341

Property History

Apr 23, 2026
Listed for sale
$775,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,272
Lot Size 0.15 acres
Stories 2
Year Built 1961
Property Type Single Family Residence
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023-771-007-000
Parking
Total Parking 4
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Level
View Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas, Wall Furnace
Financial
Annual Tax $8,562
Schools
Elementary School Out of Area
Middle School Out Of Area
High School Out Of Area
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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 — 841 S Shore Drive, South Lake Tahoe

Est. Annual Revenue
$49,279
Avg Nightly Rate
$495
Projected Occupancy
27.4%
Cap Rate
2.5%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($155,000)
Home price
$775,000
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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