$765,000 Active
748 Gardner Street
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4 Beds
·
3.0 Baths
·
2,146 Sq Ft

About This Property

Nestled among the pines in the highly desirable Gardner Mountain neighborhood, this charming home offers the perfect blend of Tahoe character, comfort, and space. With approximately 2,146 square feet, four bedrooms, multiple living areas, a spacious backyard, and a large 2 car garage, there's plenty of room for family, friends, and year-round living. A standout feature is the recently updated, spacious upper-level studio above the garage, complete with a kitchenette, full bathroom, and private entrance. This versatile space can be locked off from the main living area, making it ideal as a guest suite or offering excellent rental income potential.Warm and inviting, the home features beautiful maple hardwood floors, classic gridded vinyl windows that fill the home with natural light, and two wood fireplaces. The lower-level family room provides a separate gathering space, offering added flexibility for entertaining, relaxing, or giving family and guests room to spread out. The living room enjoys a peaceful outlook across a vacant Conservancy lot, creating an added sense of privacy and a forested backdrop. The kitchen includes a newer dishwasher, and the laundry room is equipped with a newer washer and dryer. There is also a new water heater. Move in and enjoy as-is, or take advantage of the opportunity to modernize the kitchen, baths, and outdoor living spaces to create your ideal Tahoe home.Step outside to enjoy the best of Tahoe living. A charming covered porch overlooks the fully fenced backyard, while a large deck provides another inviting space to relax or entertain. Just a short walk away, you'll find a popular trail leading to Fallen Leaf Lake, with nearby access to bike paths, restaurants, and some of Tahoe's best beaches.Offering exceptional square footage, flexibility, and value in one of South Lake Tahoe's most desirable neighborhoods, this home is ready to enjoy today while offering tremendous potential to update and make it your own.

Listed by Andrew Bell — Pyramid Peak Properties

Listing Details

Status Active
MLS # 143160
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $356

Property History

Jul 03, 2026
Listed for sale
$765,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,146
Lot Size 0.15 acres
Year Built 1960
Property Type Single Family Residence
Style Chalet
Subdivision Gardner Mountain
County El Dorado
STR Jurisdiction El Dorado County
APN 023626010000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Forest
Roof Composition
Foundation Post & Pier
Utilities & Systems
Heating Forced Air, Fireplace
📊

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 — 748 Gardner Street, South Lake Tahoe

Est. Annual Revenue
$50,723
Avg Nightly Rate
$485
Projected Occupancy
28.7%
Cap Rate
2.7%
Structural Score: 66 / 100 (Premium) · STR Zone: Red

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% ($153,000)
Home price
$765,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373