$1,597,950 Active
B5 Lake Tahoe Boulevard #Lot 6
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.
4 Beds
·
3.5 Baths
·
2,019 Sq Ft

About This Property

New Construction Townhomes in South Lake Tahoe | Tourist Core Location | Short-Term Rental EligibleWelcome to The Villas @ South Shore, a boutique community of just 14 new construction townhomes designed for mountain living. The Shore Plan offers approximately 2,019 sq. ft. with 4 bedrooms and 3.5 bathrooms, including a ground-floor bedroom with its own full bath, a private retreat for guests or a quiet place to land after a day on the mountain.Why The Villas @ South ShoreOnly 14 homes in the entire community4 BD / 3.5 BA Shore Plan with ground-floor bedroom suiteBrand-new construction designed for low-maintenance ownership, so your time goes to the lake and the slopes, not upkeepFirst homes anticipated to be complete in October 2026Located in South Lake Tahoe's Tourist Core Area, and the community CC&Rs permit short-term rentalsLocation: The Heart of South ShoreRiva Grill and Ski Run Marina are just across the street, Heavenly Mountain Resort is only minutes away, and Whole Foods Market is just down the road. Lakefront dining, boating, skiing, and everyday errands are all close to home.A Second Home That Can Work for YouEnjoy a brand-new Tahoe getaway on your own schedule, and when you're away, short-term rental may help offset the cost of ownership. Few new construction communities in South Lake Tahoe combine a Tourist Core location with CC&Rs that allow short-term rentals.

Listed by Christopher Brown — NEXT Real Estate Group, Inc

Listing Details

Status Active
MLS # 143443
Days on Market 10
Sold Date 1800-01-01
Price/Sq Ft $791

Property History

Sep 03, 2026
Listed for sale
$1,597,950
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,019
Year Built 2026
Property Type Condominium
Style Contemporary
Subdivision Ski Run Village Townhouses
County El Dorado
STR Jurisdiction South Lake Tahoe
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Construction Wood Frame
Roof Metal
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Refrig. A/C
Financial
HOA Fee $728 / Monthly
HOA & Community
Community Amenities Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
56
PROJECTED GROSS ANNUAL REVENUE
$45K – $95K typically ~$65,000
~$5,417 per month
Avg Nightly
$350
Occupancy
51%
Cap Rate
1.6%

STR Investment Summary — B5 Lake Tahoe Boulevard #Lot 6, 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
$45K – $95K
typically ~$65,000
Avg Nightly Rate
$350
Projected Occupancy
50.9%
Cap Rate
1.6%
Structural Score: 56 / 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.

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% ($319,590)
Home price
$1,597,950
Loan details
30-yr fixed, 6.5%
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