West Coast3.1% avg cap rateLive · 41 active listings

Lake Tahoe, CA

Sierra Nevada jewel - premium dual-season mountain market

Lake Tahoe is one of the most high-value STR markets in the western US, offering world-class skiing at multiple resorts (Palisades Tahoe, Heavenly, Northstar) and a stunning alpine lake that drives summer demand equally as strong. North Shore and South Shore have distinct character - South Shore is higher volume and Vegas-adjacent; North Shore is quieter and luxury-oriented.

3.1%
Avg Cap Rate
Net operating income / price
62%
Avg Occupancy
Annual average
$248
Avg Nightly Rate
All property types
$2.8M
Avg List Price
STR-viable properties

41 active listings in Lake Tahoe are analyzed and ranked right now

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Estimated Annual Performance

Gross rental revenue
62% occ × $248/night
$56,122
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
- $22,449
Est. net operating income
Before mortgage & depreciation
$33,673
At $2.8M avg price
Implied cap rate
1.2%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Lake Tahoe

World-class skiing at 15+ resorts within 30 miles
Alpine lake creates genuine summer demand parity with ski season
Placer County and El Dorado County STR permit required
South Shore - higher volume; North Shore - higher ADR
Peak season: Dec - Mar (ski), July - Aug (lake)
Top property types: Cabin, Single Family, Condo, Lakefront Home
Primary zip: 96150, 96145, 96140, 96161

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.Stats sourced from 41 active listings · last updated Jul 1, 2026

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