$299,000
1281 Bonanza Avenue #8
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.
2 Beds
·
1.0 Baths
·
879 Sq Ft
·
871 Lot
Virtual Tour

About This Property

Step inside this ground-level entry condo and discover a bright, open layout featuring an updated kitchen with elegant granite countertops, custom alder cabinetry, and modern appliances. A built-in desk nook adds both functionality and charm, making it ideal for remote work or everyday organization. The kitchen, living area, hallway, and bedrooms feature wide-plank laminate flooring throughout. Both bedrooms are generously sized and offer large windows that frame peaceful views of the surrounding pine trees. The updated bathroom includes a stall shower, a modern vanity, and upgraded fixtures. Enjoy the convenience of a carport, and just a short stroll away you'll find forest access and the Bonanza neighborhood park, perfect for outdoor recreation and relaxation. This move-in-ready condo blends thoughtful updates with a serene setting, offering the ideal mountain lifestyle while still providing all the conveniences of town living.

Listed by Jessica Woods — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142580
Days on Market 7
Sold Date 1800-01-01
Price/Sq Ft $340

Property History

Mar 09, 2026
Listed for sale
$299,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 879
Lot Size 0.02 acres
Year Built 1965
Property Type Condominium
Style Other/See Remarks
Subdivision Le Chateau Sub
APN 032381008000
Exterior & Lot
View Forest
Construction Wood Frame, Wood Siding
Roof Flat, Asphalt, Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
Financial
HOA Fee $347 / Monthly
HOA & Community
Community Amenities Other/See Remarks
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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% ($59,800)
Home price
$299,000
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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