USACATahoe City3101 Lake Forest Rd
UNIT-173 - 3101 Lake Forest Rd, Home with 2 bedrooms, 2 bathrooms and null parking in Tahoe City CA | Image 1
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$599,000

Unit-173 - 3101 Lake Forest Rd, Tahoe City, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Condo/Townhome/PUD
Levels Residential
Size 990 sqft
Garage Yes
Maintenance Fees $675
Taxes 
Days Active 0
Approx. Age 1972
Avg. Price Per Sqft $605
MLS® Number 20251634

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Not just a Tahoe getaway—this is your ticket to smart, stylish income in the heart of North Lake. Unit #173 in Lake Forest Glen is a rare blend of walkable lake lifestyle, STR flexibility, and real return on investment—all in a clean, woodsy package that actually pays for itself. With 81% occupancy and nearly $60K in Airbnb earnings last year, Unit #173 at Lake Forest Glen is quietly outperforming bigger, flashier comps (and we have the spreadsheets to prove it). It’s updated where it counts—full second bath and in-unit washer/dryer —while still leaving room for value-add upgrades. Translation? You can make it your own without killing the cash flow. HOAs cover nearly everything—roof, snow, exterior, even tennis courts and pools—while your guests enjoy walkability to the lake, Skylandia Beach, trail access, and all the action in Tahoe City just a mile away. Investor? Part-time skier? STR-savvy second-home shopper? This checks the boxes: - 7.5% cap rate based on real income, not projections - Stellar 81.9% occupancy in 2024 - $191 ADR with upward mobility - Turnkey ops with pro cleaning and seamless self-check-in - HOA: $675/month | Utilities: ~$330/month average Strong summer bookings already in place for immediate revenue This is a popular rental and availability is limited - Available for showings July 27–30. And then it goes back on the rental. STR Compliance Note: Short-term rentals in Placer County require an active permit.Lake Forest Glen is classified as a residential condominium, not a condo-hotel, and is therefore subject to the county’s STR permit ordinance. Permits do not transfer with the sale. New owners must apply through Placer County’s STR Program and receive approval before operating the property as a short-term rental. Summer Bookings in Place: The calendar is already filled for much of the summer, offering instant income and a seamless handoff to investor buyers. Airbnb calendar link available on request. Want the full P&L? Cap rate breakdown? Income by month? Cash-on-cash math? I've got it ready. Let’s make your next move, your smartest one yet.Show Description
MLS® Number20251634
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelKitchen
Exposure
Exterior
GarageYes
Approx. Age1972
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas, CFAH
A/C
Heating Fuel

Extras

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