$148,000 $169,000 ↓ $21,000 reduced Active
3397 Bruce 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.
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About This Property

Level and sunny vacant lot located in the Bijou area of South Lake Tahoe. This approximately 6,000 sq. ft. parcel offers 30% allowable coverage and a great central location between The Heavenly Village, Heavenly Ski Resort, and the lake. Close to shopping, restaurants, beaches, and year-round recreation, this property provides an excellent opportunity to build a full-time residence or vacation home in one of South Lake Tahoe's most convenient neighborhoods.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142787
Days on Market 145
Sold Date 1800-01-01

Property History

Apr 21, 2026
Listed for sale
$169,000
Jun 25, 2026
Price changed
$148,000
Property Overview
Lot Size 0.14 acres
Property Type Land
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025393019000
Financial
HOA / Community South Tahoe Association of Realtors
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 60 sq ft allowed
60 sq ft of coverage still available to add.
Parcel Size
6,040 sq ft
Allowed Coverage
60 sq ft · 1%
Existing Coverage
0 sq ft · 0%
Addable Coverage
60 sq ft
IPES Score
882.0
Land Capability · TRPA-verified
IPES

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% ($29,600)
Home price
$148,000
Loan details
30-yr fixed, 6.5%
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