$619,000 Active
1186 Martin Avenue
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
·
2.0 Baths
·
1,960 Sq Ft

About This Property

Spacious, recently remodeled single-story home in the desirable Tahoe Sierra neighborhood. This 1,960 sq ft 4-bedroom, 2-bath home offers flexible living with the potential to function as a 5-bedroom.Inside, you'll find a bright, open layout featuring a massive living room and separate family room complete with a bar and cozy gas fireplaceperfect for entertaining or relaxing. The home has been thoughtfully updated with a brand-new kitchen and bathrooms, quartz countertops, stainless steel appliances, fresh paint, and durable vinyl plank oak flooring throughout.The versatile floor plan allows for customization: the front room can serve as a formal living space or be converted into a private bedroom. It's large enough to expand into a stunning primary suite with the addition of a bathroom and walk-in closet. The back room offers even more flexibility as a home office or bedroom with the option to add a closet.Step outside to a large, sunny, fully fenced yard designed for low maintenance and maximum enjoyment. There's plenty of space for a hot tub, play structure, or garden. A charming mini cottage matching the home adds bonus functionalityideal as a playhouse, potting shed, or creative retreat.Additional features include a carport with storage (easily convertible to a garage with the addition of a door) and ample off-street parking for up to seven vehicles.A rare combination of space, updates, and versatility in a sought-after Tahoe location.Tahoe Sierra Neighborhood Benefits Outdoor Access: Ideally located near the Tahoe Mountain Forest, offering immediate access to hiking, mountain biking, and snowshoeing right out your door. Meadow & River Setting: Surrounded by beautiful, open meadows along the Upper Truckee River and Trout Creek, creating a serene, natural environment with scenic views and wildlife. Central Convenience: Easy access to Lake Tahoe Blvd and Pioneer Trail makes commuting simple while keeping you close to local restaurants, shopping, and the lake. Bike-Friendly Connectivity: Enjoy a dedicated multi-use bike trail that enhances accessibility and connects you to nearby neighborhoods and outdoor destinations.

Listed by Svetlana Raleigh — Svetlana Raleigh, Broker

Listing Details

Status Active
MLS # 142944
Sold Date 1800-01-01
Price/Sq Ft $316

Property History

May 20, 2026
Listed for sale
$619,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,960
Lot Size 0.12 acres
Year Built 1961
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Sierra 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031203017000
Exterior & Lot
Exterior Features Storage Shed, Dog Run
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
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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 — 1186 Martin Avenue, South Lake Tahoe

Est. Annual Revenue
$60,132
Avg Nightly Rate
$509
Projected Occupancy
31.5%
Cap Rate
3.9%
Structural Score: 64 / 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% ($123,800)
Home price
$619,000
Loan details
30-yr fixed, 6.5%
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