$680,500 Active
1194 Winnemucca 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.
4 Beds
·
2.0 Baths
·
1,630 Sq Ft

About This Property

Charming Tahoe Home with Meadow and Mountain Views Tucked on a flat cul-de-sac street bordering a protected open-space meadow, this well-maintained 4-bedroom, 2-bath home offers a rare combination of space, quiet, and picturesque views. While conveniently located near restaurants, shopping, and the lake, the home also captures the surrounding Tahoe scenery through oversized windows that frame the meadow and mountains beyond, while skylights bring in natural light year-round.A mudroom entry leads into the main level, home to one bedroom, an oversized bathroom, and open living/dining areas anchored by a wood-burning fireplace. The galley kitchen offers ample counter space and new cabinetry throughout, with easy access to an oversized, fenced backyard. Upstairs, three more bedrooms and a bathroom enjoy meadow views and skylights of their own. Original glass doorknobs and stained-glass light fixtures give the house extra charm.Craftsman details run throughout the interior, giving the home warmth and character, while practical features deliver everyday easea 1-car garage plus a covered carport for a second vehicle, boat, or winter storage. The generous 0.6-acre lot leaves room to expand, garden, or simply enjoy the buffer from neighbors.A rare combination of layout, location, and value in the Tahoe market equally suited as a primary residence, second home, or income-producing rental.

Listed by Megan Waskiewicz — Mountain Luxury Properties

Listing Details

Status Active
MLS # 143512
Days on Market 2
Sold Date 1800-01-01
Price/Sq Ft $417

Property History

Sep 18, 2026
Listed for sale
$680,500
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,630
Lot Size 0.60 acres
Year Built 1955
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Tamarack
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023393009000
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Cul-De-Sac
View Mountains, Meadow
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Baseboard, Wood, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$30K – $70K typically ~$45,000
~$3,750 per month
Avg Nightly
$249
Occupancy
50%
Cap Rate
2.7%

STR Investment Summary — 1194 Winnemucca 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
$30K – $70K
typically ~$45,000
Avg Nightly Rate
$249
Projected Occupancy
49.5%
Cap Rate
2.7%
Structural Score: 62 / 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

Room to build
1,954 sq ft covered of 7,739 sq ft allowed
5,784 sq ft of coverage still available to add.
Parcel Size
25,796 sq ft
Allowed Coverage
7,739 sq ft · 30%
Existing Coverage
1,954 sq ft · 8%
Addable Coverage
5,784 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% ($136,100)
Home price
$680,500
Loan details
30-yr fixed, 6.5%
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