$539,000 Active Under Contract
838 Tahoe Keys Boulevard
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, so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.0 Baths
·
1,064 Sq Ft

About This Property

Short-Term Rental & Vacation Home Opportunity in South Lake Tahoe Discover an affordable investment opportunity in one of Lake Tahoe's most sought-after recreational destinations. Ideally located on Tahoe Keys Boulevard, this property offers convenient access to the area's top attractions, making it an appealing option for those seeking a vacation home, second residence, or rental investment (subject to local regulations and permitting requirements). Guests and owners alike will appreciate being within walking distance of shopping, restaurants, and everyday conveniences. Scenic bike trails are located just outside the front door, while Lake Tahoe's beaches, Heavenly Mountain Resort, and the Stateline entertainment district are only minutes away. With year-round demand driven by skiing, boating, hiking, beaches, gaming, dining, and outdoor recreation, this property is positioned in a location that visitors return to season after season. Priced to sell, it offers an attractive entry point into the South Lake Tahoe market with the flexibility to enjoy personally while exploring income-producing opportunities. Affordable price. Prime location. Four-season appeal. A compelling opportunity for buyers seeking a Tahoe lifestyle property with strong vacation-rental potential.

Listed by Shirley Russell — Chase International - ZC

Listing Details

Status Active Under Contract
MLS # 260007010
Days on Market 16
Price/Sq Ft $507

Property History

Jun 03, 2026
Listed for sale
$539,000
Current
Pending
$539,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,064
Lot Size 0.13 acres
Stories 1
Year Built 1958
Property Type Single Family Residence
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023-763-006-000
Parking
Total Parking 2
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Level
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $2,722
Schools
Elementary School Out of Area
Middle School Out Of Area
High School Out Of Area
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 838 Tahoe Keys Boulevard, South Lake Tahoe

Est. Annual Revenue
$37,712
Avg Nightly Rate
$275
Projected Occupancy
39.3%
Cap Rate
2.8%
Structural Score: 42 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. 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% ($107,800)
Home price
$539,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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