$250,000
783 Michael Court
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
·
2,381 Sq Ft
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About This Property

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. With Cove East Beach and the Truckee River nearby, this newly built mountain contemporary home offers convenient access to outdoor recreation in South Lake Tahoe. The private, wooded backyard borders the Tahoe Keys area. The spacious great room features vaulted ceilings, brushed white oak flooring, a modern gas fireplace, and expansive windows showcasing views of the surrounding trees. Sliding doors lead to an upper deck with filtered mountain views. The kitchen is designed for both function and style, with a blend of textured granite and quartz countertops, alder cabinetry, a waterfall island, and stainless steel appliances, including a commercial-style gas range. The generous en suite bedroom includes two closets and a spa-inspired bathroom with a dual-sink vanity, custom tile shower, and freestanding soaking tub. The lower level includes additional bedrooms, bathrooms, a family room, and direct access to the backyard. Located just minutes from the lake, dining, and local amenities. The home is offered fully furnished and professionally designed.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20250633
Days on Market 330
Price/Sq Ft $105

Property History

Apr 22, 2025
Listed for sale
$250,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,381
Stories 2
Year Built 2021
Property Type Residential
Style Contemporary
Subdivision SurroundingArea
APN 023-745-011
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Cable TV,Hot Tub,Air Conditioning
View Wooded
Construction Framed
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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% ($50,000)
Home price
$250,000
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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