$869,000 Active
897 Alameda Avenue
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.
3 Beds
·
3.0 Baths
·
2,016 Sq Ft

About This Property

Just two blocks from the shores of Lake Tahoe, this beautifully updated and fully furnished 3-bedroom, 3-bath home puts you in the heart of one of South Lake Tahoe's most desirable neighborhoods - Al Tahoe.From here, the lake really can be part of your everyday life. Walk to Regan Beach or Lakeview Commons for a morning paddle, an afternoon at the beach, or one of those Tahoe sunsets that never gets old. Summertime live music, dining, and South Lake Tahoe's new state-of-the-art recreation center are all just minutes away.Back at home, there's plenty of space to enjoy. The sunny deck above the garage is a great place for morning coffee or an afternoon in the sun, while the private patio with hot tub and indoor sauna are waiting after a day of skiing, hiking, or playing on the lake.Inside, the spacious dining room gives you options, keep it for gathering around the table or turn it into a family room, home office, or additional living space. The extra-large two-car garage has plenty of room for vehicles, bikes, skis, and all the gear that comes with having fun in Tahoe.Best of all, the home is being sold fully furnished with newer furnishings, making your Tahoe getaway ready to enjoy from day one.Whether you're looking for a full-time home or a vacation place to call your own, this is a location that's hard to beat!

Listed by Janice Bosson — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143447
Days on Market 8
Sold Date 1800-01-01
Price/Sq Ft $431

Property History

Sep 05, 2026
Listed for sale
$869,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 1994 · county record $121,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,016
Lot Size 0.11 acres
Year Built 1971
Property Type Single Family Residence
Style Gambrel
Subdivision Al Tahoe 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 026081015000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can
Construction Wood Frame
Roof Other
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $2,274
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
69
PROJECTED GROSS ANNUAL REVENUE
$40K – $95K typically ~$55,000
~$4,583 per month
Avg Nightly
$307
Occupancy
49%
Cap Rate
2.5%

STR Investment Summary — 897 Alameda Avenue, 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
$40K – $95K
typically ~$55,000
Avg Nightly Rate
$307
Projected Occupancy
49.1%
Cap Rate
2.5%
Structural Score: 69 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,442 sq ft covered of 1,504 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,015 sq ft
Allowed Coverage
1,504 sq ft · 30%
Existing Coverage
2,442 sq ft · 49%
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. 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% ($173,800)
Home price
$869,000
Loan details
30-yr fixed, 6.5%
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