REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 599,000
Est. payment | /mo
2 Beds
2 Baths
990 SqFt
$ 599,000
Est. payment | /mo
2 Beds
2 Baths
990 SqFt
OPEN HOUSE
Wed Jul 23, 3:00pm - 5:00pm
Sun Jul 27, 2:00pm - 4:00pm
Key Details
Property Type Condo, Townhouse
Sub Type Condo/Townhome/PUD
Listing Status Active
Purchase Type For Sale
Square Footage 990 sqft
Price per Sqft $605
MLS Listing ID 20251634
Bedrooms 2
HOA Fees $675
Year Built 1972
Property Sub-Type Condo/Townhome/PUD
Property 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.
Location
State CA
County Placer
Community North Laketahoe
Area Lake Forest Gl-3Nr
Interior
Heating Natural Gas, CFAH
Flooring Carpet, Mixed
Laundry Kitchen
Exterior
Parking Features Parking Pad
Roof Type Composition
Topography Level
Building
Lot Description Condo/PUD Project
Story 2
Foundation Perim Block
Sewer Utility District
Water Utility District
Listed by Camille Duvall-Hero • Sierra Sotheby's Int - Rock
GET MORE INFORMATION
Stephanie Fillinger
REALTOR® | Lic# 01712362