$1,248,000
1238 Lone Indian Trail
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
·
2.5 Baths
·
2,670 Sq Ft
·
7840 Lot
Virtual Tour

About This Property

Welcome to 1238 Lone Indian, a meticulously maintained Tahoe home that reflects true pride of ownership and offers comfort, versatility, and an ideal central county location. Designed for today's lifestyle, this two-story mountain retreat blends flexible living spaces with a warm, inviting atmosphere.The main living area is filled with natural light and flows for everyday living and entertaining. Located in the highly desirable Montgomery Estates, the home sits directly across the street from miles of forested land, providing immediate access to year-round outdoor recreation.Set on a level lot, the property offers outdoor space to relax and enjoy Tahoe's changing seasons, while remaining conveniently close to trails, beaches, shopping, and dining. Thoughtful care throughout the home allows the next owner to move right in and enjoy.The spacious great room features vaulted ceilings, hand-crafted maple cabinetry, vivid slab granite, marble and stone surfaces, and a custom entertainment center. With over 2,600 square feet of living space, the home includes an expansive primary suite with vaulted ceilings, a jetted soaking tub, stall shower, and a second walk-in closet. The lower level offers two additional bedrooms, a full bath, and a generous family roomideal for guests, entertaining or additional living space.Landscaped front and back yards, a rear deck ready for entertaining, and an oversized 624-square-foot garage complete this exceptional mountain home in one of South Lake Tahoe's most sought-after neighborhoods. Beautifully decoratedjust bring your toys and start enjoying the Tahoe lifestyle.

Listed by Pamela Francis — Compass

Listing Details

Status Active
MLS # 142433
Days on Market 65
Sold Date 1800-01-01
Price/Sq Ft $467

Property History

Jan 10, 2026
Listed for sale
$1,248,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,670
Lot Size 0.18 acres
Year Built 2008
Property Type Single Family Residence
Style Split Level
Subdivision Montgomery Estates 7
APN 080183010000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Masonry Veneer
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
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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% ($249,600)
Home price
$1,248,000
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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