$1,040,000
2283 Arizona 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.
4 Beds
·
3.0 Baths
·
1,910 Sq Ft
·
6098 Lot

About This Property

Turn-Key Vacation Rental! ---Welcome to one of South Lake Tahoe's most compelling investment opportunities a fully turn-key vacation rental located less than half a mile from the Tahoe Keys Marina, already generating strong income with future bookings in place. The current owner recently invested approximately $75,000 in upgrades including professional interior design, all-new furnishings, a new hot tub, and a new fireplace, creating a guest-ready property that stands out in a competitive rental market. With projected annual income of approximately $125,000, this home is positioned to deliver immediate returns from day one of ownership. --- The 1,900 square foot, four-bedroom, three-bathroom layout has been carefully planned to accommodate up to eight adults comfortably. The main living area features a temperature-controlled gas fireplace, high-speed Wi-Fi, and multiple TVs, while the well-equipped kitchen includes quality appliances, ample counter and dining space, and both a Keurig and drip coffee maker. A king suite, two queen bedrooms, and a bunk room provide flexible sleeping arrangements, and three full bathrooms keep busy mornings running smoothly. ---Outside, the home truly shines with multiple decks, a large fully fenced backyard with a gas BBQ, and a brand-new six-person hot tub on the lower deck. A two-car garage with EV charging and driveway parking for two additional vehicles round out the practical details. ---Situated in a quiet residential neighborhood with easy access to world-class skiing at Heavenly, summer lake recreation, hiking, and South Lake Tahoe's best dining and shopping, this property checks every box for both guests and investors. With a perfect five-star rating across thirteen reviews, a proven rental track record, and bookings already on the calendar, this is a rare chance to step into a cash-flowing Tahoe asset with nothing left to do but collect the returns. Contact us today to schedule a private showing.

Listed by Michael Keller — Keller Properties

Listing Details

Status Active
MLS # 142620
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $545

Property History

Mar 16, 2026
Listed for sale
$1,040,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,910
Lot Size 0.14 acres
Year Built 1965
Property Type Single Family Residence
Subdivision Tahoe Island Park 4
APN 023752005000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub,Storage Shed,Bear-Proof Trash Can
Construction Wood Frame,Wood Siding,Rock
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Hot Water System,Baseboard
Cooling Natural Gas,Hot Water System,Baseboard
Financial
HOA / Community South Tahoe Association of Realtors
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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% ($208,000)
Home price
$1,040,000
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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