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For sale
  • $1,275,000

    3535 Lake Tahoe Blvd #445, South Lake Tahoe, CA 96150

    2beds
    1,518sqft
    : 
    $8,784/mo
    Get pre-qualified
    Townhouse
    Built in 1972
    -- sqft lot
    $1,210,000 Zestimate®
    $840/sqft
    $982/mo HOA

    What's special

    Cozy fireplaceInviting mountain-lodge atmosphereGenerous workspacePrivate deckQuartz countertopsOpen-concept floor planRecently remodeled kitchen
    Set along the crystal-clear shores of Lake Tahoe, this beautifully updated two-bedroom, two-bath townhome with a spacious loft (currently a third sleeping area) offers one of the rarest opportunities in South Lake Tahoe: a turnkey lakefront retreat fully approved for short-term vacation rentals. Located within the Tourist Core and grandfathered under Measure T, it is among the limited number of homes legally permitted to operate as a vacation rental, an increasingly valuable asset in today's market. Whether you're seeking a profitable investment, a personal mountain escape, or both, this property delivers. With a proven history of consistent rental income, the home is offered completely turnkey, including stylish furnishings, dcor, housewares, and everything needed to begin enjoying or renting it immediately. Inside, soaring ceilings with exposed beams create an inviting mountain-lodge atmosphere, while expansive windows fill the living spaces with natural light. The open-concept floor plan centers around a cozy fireplace and flows to a private deck, the perfect setting for aprs-ski evenings, summer barbecues, or quiet mornings surrounded by towering pines. The recently remodeled kitchen features premium appliances, quartz countertops, abundant cabinetry, and generous workspace. The home comfortably sleeps up to seven across two spacious bedrooms and the versatile loft, complemented by two beautifully remodeled bathrooms and in-home laundry for extended stays and effortless guest turnovers. Beyond the home lies one of Lake Tahoe's most desirable resort communities. Lakeland Village spans 19 forested acres with over 1,000 feet of private sandy beach frontage, an amenity few properties can match. Owners and guests enjoy resort-style amenities including multiple pools, hot tubs, tennis courts, a fitness center, saunas, and a private pier. Leave the car behind and walk to restaurants, shopping, marinas, water sports, and El Dorado Beach, while Heavenly Mountain Resort and several of Tahoe's premier ski destinations are only minutes away. Summer days are spent boating, paddleboarding, and relaxing on the beach, while winter brings world-class skiing followed by evenings around the fire or soaking in the spa beneath the stars. Very few properties in South Lake Tahoe combine private lakefront living, premier resort amenities, and legally permitted short-term rental status. Add its established rental performance, turnkey furnishings and exceptional location.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Steven J Lamothe 916-788-8800 steve@homesbyelevate.com,

    Keller Williams Rlty-Roseville

    Source: STAOR,MLS#: 143350MLS LogoOriginating MLS: South Tahoe Association of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Loft
      Primary bedroom
      • Features: Stall Shower, Other/See Remarks
      Kitchen
      • Features: Pantry, Other - See Remarks
      Heating
      • Natural Gas
      Cooling
      • Other
      Appliances
      • Included: Microwave Built-in, Dishwasher Built-in, Electric Range, Gas Water Heater
      • Laundry: Laundry Room
      Features
      • Flooring: Carpet, Tile
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      • Furnished: Yes
      Interior area
      • Total structure area: 1,518
      • Total interior livable area: 1,518 sqft

      Property

      Parking
      • Parking features: No Garage
      Features
      • Patio & porch: Covered
      • Exterior features: Tennis Court(s), Other/See Remarks
      • Pool features: In Ground
      • Has spa: Yes
      • Spa features: Private
      Lot
      • Features: Wooded
      Details
      • Parcel number: 027461002000
      • Zoning description: Other/See Remarks

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      Materials
      • Wood Frame
      • Foundation: Other
      • Roof: Composition
      Condition
      • Year built: 1972

      Utilities & green energy

      • Utilities for property: Electricity Available, Natural Gas Available

      Community & HOA

      Community
      • Subdivision: Lakeland Village
      HOA
      • Amenities included: Pool, Tennis Court(s), Spa/Hot Tub, Clubhouse, Security, Beach Access, Boat Dock, Pier, Other
      • Services included: Maintenance Structure, Snow Removal, Cable TV, Other/See Remarks
      • HOA fee: $982 monthly
      Location
      • Region: South Lake Tahoe

      Financial & listing details

      • Price per square foot: $840/sqft
      • Tax assessed value: $1,028,309
      • Date on market: 8/12/2026
      • Date available: 01/01/1800
      • Ownership: Fee Simple
      • Electric utility on property: Yes

        Estimated market value

        $1,210,000

        $1.15M - $1.27M

        $2,745/mo

        Price history

        DateEventPrice
        8/7/2026Listed for sale$1,275,000+34.2%$840/sqft
        Source: MetroList Services of CA #226099251 Report a problem
        10/9/2024Listing removed$950,000$626/sqft
        Source: STAOR #134852 Report a problem
        10/8/2021Sold$950,000$626/sqft
        Source: Public Record Report a problem
        9/16/2021Pending sale$950,000$626/sqft
        Source: STAOR #134852 Report a problem
        9/14/2021Listed for sale$950,000$626/sqft
        Source: STAOR #134852 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,028,309 +2%
        2025$11,136 +5.5%$1,008,147 +2%
        2024$10,557 +1.8%$988,380 +2%
        2023$10,366 +0.9%$969,000 +2%
        2022$10,270 +219.5%$950,000 +227.7%
        2021$3,215 +1.5%$289,937 +1%
        2020$3,169 +0.5%$286,965 +2%
        2019$3,153 +2.3%$281,339 +2%
        2018$3,084 +1.6%$275,823 +2%
        2017$3,035 +2.1%$270,416 +2%
        2016$2,974 +5.3%$265,114 +1.5%
        2015$2,824 $261,134 +2%
        2014$2,824 $256,022 +0.5%
        2013-- $254,866 +4%
        2012-- $244,971
        2011-- $244,971 +0.8%
        2010-- $243,142 -0.2%
        2009-- $243,722 +2%
        2008-- $238,944 +2%
        2007-- $234,260 +2%
        2006-- $229,668 +2%
        2005-- $225,166 +2%
        2004-- $220,752
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 96150

        Getting around

        62 / 100
        Somewhat Walkable
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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