$195,000 Active
3740 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.

About This Property

Welcome to the Lakeview Terrace neighborhood and discover the opportunity to build your dream home on one of the few remaining vacant lots in the Heavenly Valley. This spacious corner lot (.27acre) is nestled less than a mile from Heavenly Ski Resort's California Lodge, 1.5 miles to the shores of Lake Tahoe, and 2 miles to the heart of all the action at Stateline.This ideal location presents year-round enjoyment of all Lake Tahoe has to offer. Additional coverage has been identified to expand existing coverage up to 20%, granting access to your vision of homeownership here in Lake Tahoe.Make sure to see neighboring home also for sale at 3720 Terrace for a rare opportunity to expand your footprint, not have to build from scratch, and guarantee your views and privacy.

Listed by Allyson Woods — Compass

Listing Details

Status Active
MLS # 142995
Days on Market 8
Sold Date 1800-01-01

Property History

May 28, 2026
Listed for sale
$195,000
Property Overview
Lot Size 0.27 acres
Property Type Land
Subdivision Lakeview Terrace
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028052007000
Exterior & Lot
View Lake,Mountain,Ski Resort,Filtered
Financial
HOA / Community South Tahoe Association of Realtors
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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%

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% ($39,000)
Home price
$195,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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