$750,000 Active
3720 Terrace 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.
3 Beds
·
3.0 Baths
·
1,888 Sq Ft

About This Property

Tucked into the Lakeview Terrace neighborhood, this classic Tahoe home sits on a striking corner lot: the privacy of your own retreat in the Sierra's with towering pines and mountain air that make this area so special.The home's design is genuinely one-of-a-kind, and the location is hard to beat: Heavenly's California Lodge is less than a mile away, the lake is just 1.5 miles down the road, and the energy of Stateline is within 2 miles. Whether you're here for a powder day, a summer afternoon on the water, or everything in between, this is a home you can actually live in year-round.Be sure not to miss the attached and updated mother-in-law suite: perfect for rental-income, extra guests, or somewhere comfortable to stay while you bring your vision to life in the main house.The adjacent vacant lot at 3740 Terrace Dr is also available: a rare opportunity to expand your footprint, lock in your views, and keep that deep-woods Tahoe feel intact for years to come.*Flooring and staging have been altered in some images, see QR code for originals.*

Listed by Allyson Woods — Compass

Listing Details

Status Active
MLS # 142993
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $397

Property History

May 28, 2026
Listed for sale
$750,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,888
Lot Size 0.24 acres
Year Built 1964
Property Type Single Family Residence
Subdivision Lakeview Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028052008000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Mountains, Lake, Filtered, Ski Resort
Construction Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space, Slab
Utilities & Systems
Heating Forced Air, Wall or Space Heater
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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 — 3720 Terrace Drive, South Lake Tahoe

Est. Annual Revenue
$50,395
Avg Nightly Rate
$513
Projected Occupancy
27.2%
Cap Rate
2.7%
Structural Score: 47 / 100 (Standard) · 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% ($150,000)
Home price
$750,000
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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