$1,250,000 Active
1116 Lindberg Avenue
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
·
2,443 Sq Ft

About This Property

Mountain Views, Meadow Setting & Unmatched Privacy! This home is just right for a VACATION HOME RENTAL or PRIMARY RESIDENCE! Wake up to breathtaking views of Mt. Tallac, expansive meadows, and unforgettable Sierra sunsets from your own backyard. Perfectly positioned along the edge of the meadow with a tranquil river winding through the landscape, this exceptional property offers one of South Lake Tahoe's most peaceful and scenic settings. The oversized parcel backs to protected conservancy land and is fully fenced with brand new wrought iron fencing, creating the perfect balance of privacy, security for pets, and unobstructed views of the surrounding natural beauty. Wildlife sightings are a daily occurrence, making this a true mountain retreat. Inside, this spacious 3-bedroom, 2-bath home offers room for everyone with both a comfortable living room and an expansive family room, plus a large loft that is ideal for a home office, game room, guest space, or additional sleeping area. Car enthusiasts, hobbyists, and outdoor adventurers will love the newly constructed 3-car tandem garage, complete with vaulted ceilings, its own heat source, abundant storage, and plenty of space for a workshop. Recent updates provide comfort and peace of mind, including: fresh interior paint, new carpet, energy-efficient mini-split heating and air conditioning throughout, new tankless water heater and a generator-ready electrical system. Located just minutes from world-class beaches, hiking and biking trails, Heavenly Ski Resort, casinos, shopping, dining, and all that South Lake Tahoe has to offer, this home combines stunning natural surroundings with everyday convenience. If you've been searching for a Lake Tahoe home with spectacular mountain views, exceptional privacy, flexible living space, and room for all your Tahoe toys, this is the one.

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143252
Days on Market 52
Sold Date 1800-01-01
Price/Sq Ft $512

Property History

Jul 23, 2026
Listed for sale
$1,250,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2022 · county record $1,349,000 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. 2,443
Lot Size 0.45 acres
Year Built 1959
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031261018000
Parking
Garage Spaces 3
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features River Front, Adjacent to Meadow
View Mountains, Meadow, River, Forest
Construction Wood Frame, Wood Siding
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$30K – $90K typically ~$55,000
~$4,583 per month
Avg Nightly
$295
Occupancy
51%
Cap Rate
1.8%

STR Investment Summary — 1116 Lindberg Avenue, 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 – $90K
typically ~$55,000
Avg Nightly Rate
$295
Projected Occupancy
51.0%
Cap Rate
1.8%
Structural Score: 68 / 100 (Premium) · 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
4,181 sq ft covered of 527 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
19,566 sq ft
Allowed Coverage
527 sq ft · 3%
Existing Coverage
4,181 sq ft · 21%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 4, 6
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% ($250,000)
Home price
$1,250,000
Loan details
30-yr fixed, 6.5%
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