$1,849,000 Active
491 Lido Drive
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.
4 Beds
·
3.0 Baths
·
2,164 Sq Ft

About This Property

Exceptionally immaculate home in popular Tahoe Keys. First time ever offered, one owner property. Expansive water and mountain views.Living room, kitchen & dining all with cathedral ceilings and a wall of windows to enjoy the sunrises & sets. Kitchen has lots of cabinet space with Corrian counters and a breakfast bar. Massive master bedroom with Mt. Tallac views, two walk-in closets and master bath. Two large bedrooms downstairs with water views, and a smaller bedroom/office. Walk-in laundry room includes brand new washer/dryer. Downstairs bath with Jacuzzi tub. This home enjoys air conditioning. Large two car garage. Security alarm & camera's. Spacious waterway with boat dock that will accommodate all the water toys. New paver stone driveway and fully landscaped yard. All Tahoe Keys amenities includes: Pickle Ball & Tennis courts, indoor olympic sized pool, outdoor lakefront pool, private beach & pier, volleyball court and multiple parks.

Listed by Connie Lopez — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143337
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $854

Property History

Aug 08, 2026
Listed for sale
$1,849,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,164
Lot Size 0.18 acres
Year Built 1975
Property Type Single Family Residence
Style Contemporary
Subdivision Aloha Isle
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022231024000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon
Construction Wood Frame, Masonry, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Refrig. A/C
Financial
HOA Fee $1,800 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Security, Beach, Pier, Boat Launch, Marina
📊

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 — 491 Lido Drive, South Lake Tahoe

Est. Annual Revenue
$51,483
Avg Nightly Rate
$291
Projected Occupancy
48.5%
Cap Rate
1.1%
Structural Score: 72 / 100 (Premium) · 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
2,210 sq ft covered of 1,690 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,779 sq ft
Allowed Coverage
1,690 sq ft · 22%
Existing Coverage
2,210 sq ft · 28%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 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% ($369,800)
Home price
$1,849,000
Loan details
30-yr fixed, 6.5%
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