$920,000 Active
1029 Modoc Way
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
·
1,868 Sq Ft

About This Property

Discover refined mountain living in this beautifully remodeled 4-bedroom, 2-bath residence located in the highly sought-after Meyers area. Warm tongue-and-groove pine accents, recessed lighting, and an inviting living and dining area create an elevated alpine ambiance, while a handsome hardwood staircase leads to the upper level. Two upstairs bedrooms feature vaulted ceilings, including one with a charming loft space ideal for play, reading, or creative use. Step outside to the expansive back deck and enjoy summer evenings with music drifting from the nearby park, effortless access to the popular farmers market and local events, and stunning sunset views with Mount Tallac in the distance. A rare blend of comfort, character, and convenience in one of South Lake Tahoe's most desirable mountain communities. Professional pictures to follow.

Listed by Matthew Biscotti — Coldwell Banker Select R.E.

Listing Details

Status Active
MLS # 143257
Sold Date 1800-01-01
Price/Sq Ft $493

Property History

Jul 28, 2026
Listed for sale
$920,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2022 · county record $875,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,868
Lot Size 0.25 acres
Year Built 1979
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise 6
County El Dorado
STR Jurisdiction El Dorado County
APN 034382013000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

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 — 1029 Modoc Way, South Lake Tahoe

Est. Annual Revenue
$53,168
Avg Nightly Rate
$304
Projected Occupancy
48.0%
Cap Rate
2.3%
Structural Score: 49 / 100 (Standard) · STR Zone: Red

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,290 sq ft covered of 108 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,780 sq ft
Allowed Coverage
108 sq ft · 1%
Existing Coverage
3,290 sq ft · 31%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($184,000)
Home price
$920,000
Loan details
30-yr fixed, 6.5%
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