1200 Wildwood Avenue #44, South Lake Tahoe, CA 96150
$399,000
$410,000↓ $11,000 reducedActive Under Contract
1200 Wildwood Avenue #44
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.
2Beds
·
1.5Baths
·
1,044Sq Ft
About This Property
Mountain retreat in the heart of South Lake Tahoe! This desirable condo at 1200 Wildwood Avenue #44 is ideally located just minutes from Heavenly Ski Resort, Stateline casinos, and the shores of Lake Tahoe, making it a prime opportunity for a primary home, vacation home, second home, or investment property.Featuring an inviting open floor plan, this Tahoe townhouse offers a cozy fireplace, abundant natural light, and a functional layout perfect for relaxing after a day of skiing, hiking, or biking. The kitchen flows seamlessly into the living area, while comfortable bedrooms provide a peaceful retreat.Surrounded by towering pines, enjoy your front entry deck with a serene forest setting, plus easy access to nearby hiking trails, biking trails, and year-round outdoor recreation. This centrally located Lake Tahoe property is close to shopping, dining, beaches, and world-class skiing.Don't miss this opportunity to own a South Lake Tahoe townhome near Heavenly ideal for those seeking Tahoe real estate, ski property, or a turnkey move-in ready mountain getaway.
Listed by Shirley Russell — Chase International - South Lake Tahoe
Listing Details
StatusActive Under Contract
MLS #142863
Days on Market130
Sold Date1800-01-01
Price/Sq Ft$382
Property History
May 06, 2026
Listed for sale
$410,000
Jul 24, 2026
Price reduced
$399,000
$410,000
↓
$11,000
Sep 12, 2026
Pending
$399,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Sep 2020
· county record
$295,000
Deed record — brokerage sides not reported
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Red Zone
STRUCTURAL SCOREPremium
57
PROJECTED GROSS ANNUAL REVENUE
$20K – $55Ktypically ~$35,000
~$2,917 per month
Avg Nightly
$180
Occupancy
53%
Cap Rate
3.5%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 1200 Wildwood Avenue #44, South Lake Tahoe
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$20K – $55K
typically ~$35,000
Avg Nightly Rate
$180
Projected Occupancy
53.2%
Cap Rate
3.5%
Structural Score: 57 / 100 (Premium)
· STR Zone: Red
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.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
Over coverage limit
377 sq ft coveredof 122 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
487 sq ft
Allowed Coverage
122 sq ft · 25%
Existing Coverage
377 sq ft · 77%
Addable Coverage
0 sq ft
Existing Units
1
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.
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
