$479,000 $489,000 ↓ $10,000 reduced Active Under Contract
1439 Ski Run Boulevard #H4
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.5 Baths
·
1,060 Sq Ft

About This Property

This turnkey 2-bedroom, 1.5-bath condo offers the ideal blend of mountain charm, investment potential, and unbeatable South Lake Tahoe location. Eligible for a short-term rental permit, this property presents a rare opportunity to own a vacation retreat that can also generate income from day one.Perfectly situated just minutes from Heavenly Mountain Resort - California Lodge, you'll enjoy effortless access to world-class skiing, snowboarding, hiking, and year-round outdoor adventure. The crystal-clear shores of Lake Tahoe are also just minutes away, offering endless opportunities for boating, paddleboarding, beaches, and lakeside relaxation. When it's time to dine, shop, or enjoy nightlife, Heavenly Village and the vibrant Stateline Casinos are only a short drive away.Inside, the condo is truly turn key and ready to enjoy immediatelywhether as a personal mountain getaway, full-time residence, or income-producing vacation rental. The inviting floor plan features comfortable living spaces, two well-sized bedrooms, and 1.5 baths designed for convenience after a day on the slopes or the lake.Adding even more value is the unused attic space, offering exciting potential to be converted into a functional loft. Create additional sleeping quarters, a game room, home office, or cozy lounge area to maximize both enjoyment and rental appeal.With its sought-after short-term rental eligibility, prime proximity to Tahoe's top attractions, and opportunity for future expansion, this condo is a rare chance to embrace the Tahoe lifestyle while making a smart investment. Move in, rent out, or do boththis mountain retreat is ready for its next owner to start making memories immediately.

Listed by Peter Erdody — Chase International - South Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 142819
Days on Market 113
Sold Date 1800-01-01
Price/Sq Ft $452

Property History

Apr 28, 2026
Listed for sale
$489,000
Jul 09, 2026
Price changed
$479,000
Jul 31, 2026
Pending
$479,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2023 $460,000 Todd DisbrowEngel & Volkers Lake Tahoe

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.

Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,060
Lot Size 0.01 acres
Year Built 1976
Property Type Condominium
Style Other/See Remarks
Subdivision Summit Heavenly
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 030541032000
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed
View Mountains, Other/See Remarks
Construction Wood Frame
Roof Pitched, Composition, Shingle
Foundation Concrete/Masonry
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Natural Gas, Wall or Space Heater, Fireplace
Financial
Annual Tax $5,364
HOA Fee $455 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Hot Tub, Club House, Additional Parking
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STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$28K – $56K typically ~$33,864
~$2,822 per month
Avg Nightly
$173
Occupancy
54%
Cap Rate
2.8%

STR Investment Summary — 1439 Ski Run Boulevard #H4, South Lake Tahoe

Est. Gross Annual Revenue
$28K – $56K
typically ~$33,864
Avg Nightly Rate
$173
Projected Occupancy
53.7%
Cap Rate
2.8%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

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.

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% ($95,800)
Home price
$479,000
Loan details
30-yr fixed, 6.5%
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