$949,000 Active
593 Tahoe Island 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.
3 Beds
·
2.0 Baths
·
1,450 Sq Ft

About This Property

Nestled near the end of Tahoe Island backing National Forest and the gentle waters of the Tahoe Keys Lagoon you will find a well loved and cared for 3bd 2ba single story home. This sought after location offers peace, quiet and the convenience of all that South Shore has to offer out your back door. Built in 1965 but with re styling in keeping with the current trends, features include, open floor plan that captures the incredible view from the moment you step inside. Kitchen with new stainless appliances and granite counters merge with the dining area and full wall glass sliders leading to an entertainers dream deck. Peace and tranquility surround as you make friends with the neighbors strolling through the forest path and becoming one with our wildlife. The comfortable and cozy living room warms you with a gas fireplace, granite surround and oak mantle. The 2 skylights offer plentiful natural light. Primary bedroom with bath features double sinks and jetted tub with new flooring and tile. The other two bedrooms are spacious with one featuring pine ceiling and a built in book case as your 3rd bedroom or home office. Sold with quality furnishings that perfectly blend with the home.Whether full time, or 2nd home you will fall in love the minute you view your slice of heaven!!

Listed by Claudette Olsen — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 143368
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $654

Property History

Aug 21, 2026
Listed for sale
$949,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2001 · county record $255,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,450
Lot Size 0.17 acres
Year Built 1965
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Island Park
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023541009000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Adjacent to Forest, Backs to Lagoon
View Lagoon, Forest
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$43,450
~$3,621 per month
Avg Nightly
$227
Occupancy
52%
Cap Rate
1.8%

STR Investment Summary — 593 Tahoe Island Drive, South Lake Tahoe

Est. Gross Annual Revenue
$35K – $55K
typically ~$43,450
Avg Nightly Rate
$227
Projected Occupancy
52.3%
Cap Rate
1.8%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

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
2,524 sq ft covered of 75 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,541 sq ft
Allowed Coverage
75 sq ft · 1%
Existing Coverage
2,524 sq ft · 33%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
7
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% ($189,800)
Home price
$949,000
Loan details
30-yr fixed, 6.5%
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