$395,000 Active Under Contract
1129 Herbert Avenue #C
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.
3 Beds
·
2.0 Baths
·
1,161 Sq Ft

About This Property

Welcome to your perfect Lake Tahoe getaway! Whether you're searching for a year-round mountain refuge or a cozy seasonal escape, this move-in-ready Bavarian Village townhome puts you just minutes from everything South Lake Tahoe has to offer. Positioned on the upper level, this bright and light-filled 3-bedroom, 2-bath unit overlooks the community picnic grounds and sits just steps from the complex pool. The thoughtfully updated interior features fresh paint, new cabinetry, granite countertops, stainless steel appliances, and laminate flooring throughout. Clean, refreshed, and turn-key, it's completely ready for you to move right in and make it your own. Bavarian Village residents enjoy a wonderful set of complex amenities, including a swimming pool, hot tub, picnic and BBQ areas, and generous parking for owners and guests. With its prime central location and attractive price point, this unit offers one of the best overall values on the South Shore.

Listed by Kelly Flaherty — Sierra Sotheby's International Realty

Listing Details

Status Active Under Contract
MLS # 143210
Days on Market 55
Sold Date 1800-01-01
Price/Sq Ft $340

Property History

Jul 20, 2026
Listed for sale
$395,000
Aug 01, 2026
Pending
$395,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2018 · county record $288,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,161
Lot Size 0.03 acres
Year Built 1964
Property Type Condominium
Subdivision El Rancho Estates
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025702007000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Stucco
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $750 / Monthly
HOA & Community
Community Amenities Pool, Hot Tub, Additional Parking
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
51
PROJECTED GROSS ANNUAL REVENUE
$30K – $55K typically ~$40,000
~$3,333 per month
Avg Nightly
$209
Occupancy
52%
Cap Rate
4.0%

STR Investment Summary — 1129 Herbert Avenue #C, 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
$30K – $55K
typically ~$40,000
Avg Nightly Rate
$209
Projected Occupancy
52.4%
Cap Rate
4.0%
Structural Score: 51 / 100 (Standard) · 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
1,160 sq ft covered of 352 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,174 sq ft
Allowed Coverage
352 sq ft · 30%
Existing Coverage
1,160 sq ft · 99%
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.

TRPA parcel fact sheet ↗

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% ($79,000)
Home price
$395,000
Loan details
30-yr fixed, 6.5%
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