$499,000
1987 Osage Circle
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
·
1,128 Sq Ft
·
10018 Lot

About This Property

Tucked away in a quiet South Lake Tahoe neighborhood, this beautifully maintained 2-bedroom, 1-bath A-frame offers the perfect blend of charm, comfort, and mountain living. Pride of ownership shines throughout, with the home kept in exceptional condition and move-in ready. The functional layout features a kitchen that overlooks the living room, creating an open, connected feel that's perfect for entertaining or relaxing. The living area is warm and inviting, highlighted by a cozy gas fireplace, ideal for those crisp Tahoe evenings. A wall of front-facing windows fills the home with natural light and brings the outdoors in, enhancing that classic A-frame feel. The bathroom is surprisingly spacious, adding to the home's overall comfort and livability. Situated on a large lot, the property offers a fully fenced backyard with a storage shed, providing plenty of room for outdoor enjoyment, pets, or extra storage for all your Tahoe gear. Out front, a charming deck area sets the stage for morning coffee or unwinding after a day on the lake or slopes. This well-kept A-frame delivers both character and convenience in a peaceful setting close to everything South Lake Tahoe has to offer.

Listed by Megan Blackwell — Amen Real Estate

Listing Details

Status Active
MLS # 142632
Days on Market 2
Sold Date 1800-01-01
Price/Sq Ft $442

Property History

Mar 24, 2026
Listed for sale
$499,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,128
Lot Size 0.23 acres
Year Built 1977
Property Type Single Family Residence
Subdivision Tahoe Paradise 45
APN 034663001000
Parking
Parking Features 0.00
Financial
HOA / Community South Tahoe Association of Realtors
📊

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% ($99,800)
Home price
$499,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444