$639,000
1566 Horace Greeley Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.0 Baths
·
1,788 Sq Ft
·
7405 Lot

About This Property

Enjoy the mountain feel for this 3 bedroom 2 bath home located in-town close to Heavenly Ski Resort, Lake Tahoe, beaches and restaurants. The way that the home has been designed, the master suite is a large upstairs 580 SF studio with potential to be a separate rental with income potential of $1,500/month or as a mother-in-law unit. This master suite/studio has pine vaulted ceilings, a free standing wood burning fireplace, ceramic tile bath, large walk-in closet and small deck. The main front entry has a spacious foyer leading into the living room with wood burning fireplace insert, and wood vaulted ceilings.There is a wet bar in the dining area with pass through into the galley style kitchen. Off of the kitchen is a cute, sunny, breakfast nook perfect for morning coffees.Off of the living room are 2 spacious bedrooms and an adorable hall bath with wood paneled walls and ceiling. If you need to store a boat or RV, no problem, as the one car garage is extra deep with a second garage door in the rear, so you can drive right through to the backyard. The large fully fenced backyard is peaceful with many tall pine trees. This home has had some upgrades over the years of vinyl dual pane windows, travertine marble counters in the kitchen and wood laminate flooring throughout the entire first floor. Being sold with all furnishings included, just move right in!

Listed by Madeleine Gutierrez — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 142375
Days on Market 101
Sold Date 1800-01-01
Price/Sq Ft $357

Property History

Dec 05, 2025
Listed for sale
$639,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,788
Lot Size 0.17 acres
Year Built 1961
Property Type Single Family Residence
Style Contemporary
Subdivision Sierra Meadows 2
APN 025312015000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
View Mountains
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Electric, Wall or Space Heater, Fireplace
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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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($127,800)
Home price
$639,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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