$530,000 Active
861 Gardner Street
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.0 Baths
·
743 Sq Ft

About This Property

Welcome to 861 Gardner Street, a turnkey South Lake Tahoe retreat offering the perfect blend of comfort, convenience, and investment potential. Ideally located just minutes from beautiful beaches, world-class hiking and biking trails, renowned ski resorts, dining, shopping, and year-round recreation, this charming property makes an exceptional personal getaway or income-producing opportunity.Currently operating as a thriving short-term rental, the home is being offered fully furnished and ready for immediate enjoyment. Thoughtful upgrades, inviting interiors, and an easy, low-maintenance layout create a warm and welcoming Tahoe escape for owners and guests alike. After a day on the lake or the slopes, unwind in the lovely hot tub and enjoy the peaceful mountain setting.The spacious parcel also offers exciting future potential, with the possibility of up to approximately 3,251 square feet of allowable coverage, providing an opportunity to expand or reimagine the property, subject to applicable agency approvals and buyer verification.Whether you are searching for a weekend retreat, full-time residence, or proven vacation-rental investment, 861 Gardner Street delivers turnkey appeal in one of Lake Tahoe's most desirable recreational destinations. Short-term-rental eligible; buyer to independently verify all permit, coverage, rental, and development possibilities.

Listed by Stephanie Griffith — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143278
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $713

Property History

Jul 30, 2026
Listed for sale
$530,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2025 $499,000 Alora ReynoldsChase International - South Lake Tahoe Angela M RobertsMountain Luxury Properties

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.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 743
Lot Size 0.17 acres
Year Built 1957
Property Type Single Family Residence
Style Cabin
Subdivision Gardner Mountain 4
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023633010000
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed, Bear-Proof Trash Can
Construction Wood Frame, Log
Roof Pitched, Asphalt, Composition, Shingle
Foundation Concrete/Crawl Space, Post & Pier
Utilities & Systems
Heating Forced Air, Natural Gas
📊

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 — 861 Gardner Street, South Lake Tahoe

Est. Annual Revenue
$36,628
Avg Nightly Rate
$190
Projected Occupancy
52.8%
Cap Rate
2.8%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,119 sq ft covered of 380 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,603 sq ft
Allowed Coverage
380 sq ft · 5%
Existing Coverage
1,119 sq ft · 15%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($106,000)
Home price
$530,000
Loan details
30-yr fixed, 6.5%
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