$1,350,000
1040 Cellador Road
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
4 Beds
·
3.0 Baths
·
2,444 Sq Ft
·
5131 Lot

About This Property

Brand new in Pinewood Terrace, just beneath Heavenly and minutes from Heavenly Village, the Gondola and casino corridor, this one strikes a rare balance of access and privacy. Set near the end of a quiet cul de sac and backing to a vacant USFS lot, the setting feels more tucked away than you would expect this close to the action, with added afternoon light from the rear.From the street, the design stands out with a crisp modern mountain profile, contrasting fiber cement siding, black Andersen windows, warm wood soffits and a paving stone driveway. Inside, the split level entry opens to a dramatic two story foyer and an upstairs great room with vaulted ceilings, wide plank luxury vinyl flooring, expansive glass and a floor to ceiling stone fireplace. A massive redwood deck extends off the living area and looks out over the forested backdrop.The kitchen keeps pace with a large waterfall island, slab quartz, full height herringbone backsplash, custom cabinetry, brushed gold hardware and fixtures, stainless appliances and a walk in pantry. Upstairs, the primary suite offers generous space, a striking bath with soaking tub, separate shower, dual vanity and a large walk in closet.Downstairs, a second living area with wet bar adds flexibility for a game room, media room or overflow space, along with 2 additional bedrooms, another full bath and access to the 2 car garage. High efficiency systems include a modern furnace and tankless hot water.For buyers with one eye on income potential, the timing here matters as the City's updated VHR program rolls out. The same builder also has another newly completed home next door, creating a rare chance for friends, family or investors to secure adjacent properties near Heavenly.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142674
Sold Date 1800-01-01
Price/Sq Ft $552

Property History

Apr 03, 2026
Listed for sale
$1,350,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,444
Lot Size 0.12 acres
Stories 2
Year Built 2026
Property Type Single Family Residence
Style Split Level
Subdivision Pinewood Terrace
APN 029381020000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Masonry,Wood Siding
Roof Pitched,Asphalt,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
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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%

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% ($270,000)
Home price
$1,350,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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