$3,899,000 Active
3794 Montreal #A
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.
5 Beds
·
5.0 Baths
·
3,358 Sq Ft

About This Property

This exceptional custom-built home represents the inaugural offering in South Lake Tahoe's newest development, perfectly positioned in the tourist core, delivering direct access to world-class restaurants, and Skiing Gondola at Heavenly Mountain Resort, extensive bike trails, hiking, the transit hub, and the stunning shores of Lake Tahoe, this property delivers unparalleled convenience and income potential.Designed from the ground up as a premium income-producing property by Michael Wischmeyer, a local expert with over 20 years of hands-on short-term rental experience, this home maximizes occupancy, guest satisfaction, and operational efficiency.Property Highlights: Thoughtful Multi-Family Layout: Master bedrooms with en-suite bathrooms on both the 1st and 3rd floors, ideal for multiple families or groups. The 2nd floor is dedicated to expansive communal living spaces, along with a chefs kitchen with premium Appliances perfect for gathering and entertaining. Biophilic Design: Thoughtfully crafted to bring the outdoors inside, creating a seamless connection to Tahoe's natural beauty. Premium Construction & Upgrades: Hybrid steel and wood structure for impressive, open common areas Superior insulation package: Spray foam combined with mineral wool for exceptional soundproofing, plus a full sealed vapor barrier Presidential shingles with a 50-year warranty Low-maintenance exterior featuring thermally baked siding and natural granite stone accents for a timeless, elegant appearanceWellness & Outdoor Amenities: Private sauna Hot tub Firepit Outdoor BBQ area Heated driveway Heated outdoor second-floor deckOwner & Operational Features: Exclusive owner-specific areas Dual HVAC systems for precise temperature control across all three floors State-of-the-art low-voltage smart home system with home/away modes to minimize energy use when the property is vacantThis is a high-performance short-term rental asset in one of Lake Tahoe's most desirable and walkable locations. Built to the highest standards with both guest comfort and owner profitability in mind, this rare opportunity is ideal for savvy investors seeking strong returns in South Lake Tahoe's thriving vacation rental market. Come choose your finishes.Contact listing agent Michael Wischmeyer for more details, floor plans, or to schedule a private showing.

Listed by Duggan Smith — Duggan Smith, Broker

Listing Details

Status Active
MLS # 142856
Sold Date 1800-01-01
Price/Sq Ft $1,161

Property History

May 29, 2026
Listed for sale
$3,899,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 3,358
Lot Size 0.09 acres
Year Built 2026
Property Type Single Family Residence
Style Split Level
Subdivision Heavenly Valley Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 029720001000
Parking
Garage Spaces 2
Parking Features Heated Driveway
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Construction Masonry, Wood Siding
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Hot Water System, Radiant Heat-Floor
Cooling Central Refrig. A/C
Financial
HOA Fee $700 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Hot Tub, Additional Parking
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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 — 3794 Montreal #A, South Lake Tahoe

Est. Annual Revenue
$142,974
Avg Nightly Rate
$1222
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 59 / 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
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% ($779,800)
Home price
$3,899,000
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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