$515,000 Active
1009 Cathedral Road
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4 Beds
·
2.0 Baths
·
1,792 Sq Ft
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About This Property

The mountains, and the lake are calling you. Coveted area and charming Forest Service cabin, located on the quiet secluded west shore of Fallen Leaf Lake. Built in 1956, offering 1,792sqft, 4 bedrooms, 2 bathrooms, and parking for 3 vehicles, this property has room for all of your family and friends. This forest getaway has a large front deck for enjoying the peaceful sounds of the enchanting forest setting. Picture yourself hanging out on the pristine shores of Fallen Leaf Lake, while enjoying Tahoe's beautiful summer days for a true forest cabin experience. Heading out on the lake and over to the marina you can find the boat launch, kayak or paddleboard rentals, and much more. Hop inside the store for lunch or ice cream and then back outside to soak up the sunshine. With an amazing community, many of the properties around the lake have been owned for generations and been passed on from family member to family member. This is your opportunity to own a piece of heaven on earth getaway.

Listed by Jackie Arthur — Compass

Listing Details

Status Active
MLS # 142732
Sold Date 1800-01-01
Price/Sq Ft $287

Property History

Apr 16, 2026
Listed for sale
$515,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,792
Lot Size 0.68 acres
Stories 3
Year Built 1956
Property Type Residential
Style Cabin
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 920000729000
Parking
Parking Features 0.00
Exterior & Lot
View Mountains,Lake,Filtered,Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space,Post & Pier
Utilities & Systems
Heating Forced Air,Propane,Fireplace
Cooling Forced Air,Propane,Fireplace
Financial
HOA Fee $1,000 / Annually
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Other/See Remarks
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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%

STR Investment Summary — 1009 Cathedral Road, South Lake Tahoe

Est. Annual Revenue
$40,388
Avg Nightly Rate
$361
Projected Occupancy
30.9%
Cap Rate
3.1%
Structural Score: 50 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

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% ($103,000)
Home price
$515,000
Loan details
30-yr fixed, 6.5%
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