$2,200,000 Active
3535 Lake Tahoe Boulevard #605
South Lake Tahoe, CA 96150
✓ STR Allowed — No 900 Cap
Inside South Lake Tahoe's Tourist Core Area (TRPA TCAP) — commercial/recreational zoning that is exempt from the 900-permit residential VHR cap. VHR permits are broadly available here with no 150-ft buffer. A city VHR permit and 10% TOT still apply.
4 Beds
·
3.0 Baths
·
2,198 Sq Ft

About This Property

Lakefront Living at Lakeland Village! Experience the best of South Lake Tahoe from this exceptional 4-bedroom, 3-bath lakefront townhouse with a spacious loft. Enjoy resort style living amenities with unobstructed views and direct access to the sandy beach from your back deck, creating the perfect setting for relaxing, entertaining, and enjoying Tahoe's year-round lifestyle. Inside, vaulted ceilings with exposed beams, abundant windows, and an open, light-filled design create a warm mountain-lodge feel. There are two spacious bedrooms and bathrooms on the ground floor including the main suite with gorgeous views of the lake and access to deck. Approved for short term rentals and additional income opportunities. The kitchen features granite countertops and flows into the dining area and living space, complete with a gas fireplace insert for cozy evenings. The versatile loft provides additional space for guests, an office, or a second living area. Enjoy easy access to Lakeland Village's outstanding amenities, including a private sandy beach and pier, in-ground pool, spa, sauna, clubhouse, firepits and seasonal Tessie Beach Bites, volleyball, tennis and security. HOA dues include water, exterior maintenance, snow removal, trash, and cable TV. Whether you're looking for a Tahoe getaway, investment opportunity, or year-round residence, this lakefront retreat offers an incredible opportunity to experience Lake Tahoe at its best.

Listed by Jason Lococo — Dickson Realty

Listing Details

Status Active
MLS # 143384
Sold Date 1800-01-01
Price/Sq Ft $1,001

Property History

Aug 21, 2026
Listed for sale
$2,200,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2016 · county record $353,500 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 4
Baths 3.0
Sq. Ft. 2,198
Lot Size 1306.00 acres
Year Built 1972
Property Type Townhouse
Style Contemporary
Subdivision Lakeland Village
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027451005000
Exterior & Lot
Exterior Features Tennis Courts
Lot Features Lake Front, Water Front
View Lake
Construction Wood Frame
Roof Pitched, Composition, Shingle, Tile
Foundation Concrete/Crawl Space
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Annual Tax $9,223
HOA Fee $765 / Monthly
HOA & Community
Community Amenities Pool, Sauna, Hot Tub, Club House, Security, Beach, Dock, Pier, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
60
PROJECTED GROSS ANNUAL REVENUE
$42K – $71K typically ~$49,868
~$4,156 per month
Avg Nightly
$282
Occupancy
48%
Cap Rate
0.9%

STR Investment Summary — 3535 Lake Tahoe Boulevard #605, South Lake Tahoe

Est. Gross Annual Revenue
$42K – $71K
typically ~$49,868
Avg Nightly Rate
$282
Projected Occupancy
48.5%
Cap Rate
0.9%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

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.

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% ($440,000)
Home price
$2,200,000
Loan details
30-yr fixed, 6.5%
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