$3,875,000 Pending
2003 Aloha 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
·
4.0 Baths
·
3,100 Sq Ft

About This Property

Positioned in the highly sought-after Tahoe Keys, this beautifully remodeled waterfront retreat offers immediate lake access, a private dock, and sweeping water views. Step outside to your private dock for effortless days on Lake Tahoe or unwind in the tranquil setting from one of two spacious decks overlooking the water. Upstairs, the bright open-concept living area is thoughtfully designed to capture natural light and stunning scenery, featuring an updated kitchen, dining area, and inviting living room framed by expansive picture windows. The upper level also includes two bedrooms and a finished loft, offering additional space, a home office, or recreation. The lower level is ideal for entertaining and everyday comfort, complete with a stylish butler's station featuring a sink, refrigerator, and wine cooler, a spacious family room, two additional bedrooms, a full laundry room, and an attached two-car garage. Located within the coveted Tahoe Keys Property Owners Association, residents enjoy access to exceptional amenities including a private beach, indoor and outdoor pools, clubhouse, tennis courts, and more. This exceptional waterfront residence presents a rare opportunity to own on prestigious Aloha Drive, where serene waterway living is complemented by beautiful views of Lake Tahoe.

Listed by Star Brooks — Chase International

Listing Details

Status Pending
MLS # 142834
Days on Market 16
Sold Date 1800-01-01
Price/Sq Ft $1,250

Property History

Apr 30, 2026
Listed for sale
$3,875,000
Current
Pending
$3,875,000
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 3,100
Lot Size 0.23 acres
Stories 2
Year Built 1975
Property Type Single Family Residence
Subdivision Aloha Isle
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022312014000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front
View Mountains,Lake
Construction Wood Frame,Masonry,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA Fee $1,625 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Club House,Security,Beach,Pier
📊

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 — 2003 Aloha Drive, South Lake Tahoe

Est. Annual Revenue
$207,207
Avg Nightly Rate
$1771
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 74 / 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% ($775,000)
Home price
$3,875,000
Loan details
30-yr fixed, 6.5%
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