$1,450,000 $1,550,000 ↓ $100,000 reduced Active
1101 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
·
3.0 Baths
·
3,262 Sq Ft
Virtual Tour

About This Property

1091, 1095, and 1101 Modoc Way - Yes, you read that right, not one, not two, but three incredible parcels!A truly rare offering in South Lake Tahoe, this expansive multi-parcel estate is designed for those who appreciate space, flexibility, and future potential. Whether you're envisioning a legacy compound, investment opportunity, or a unique blend of both, this property presents possibilities that are hard to find in today's market.Set in the heart of Meyers, this unique property unfolds as a private compound, offering 4 bedrooms, 3 bathrooms, and the opportunity for separate living quarters on the lower level ideal for multi-generational living, guest accommodations, or creative income potential. Storage is endless, including a storage room in the basement level, two storage sheds and large workshop with overhead door and upgraded electrical. And there's more! Additional storage in the oversized two-car garage, complete with workshop space, storage, and a private office, reflects a property built not just for living, but for lifestyle.Outdoors, the estate reveals its true scale. Sun-drenched and south-facing, the grounds feature expansive lawns, mature trees, curated garden spaces, and a tranquil water feature with pond. Entertain effortlessly between the front elevated deck and the rear BBQ area just off the kitchen, or simply enjoy the sense of space, peace, and privacy that is increasingly rare in Tahoe.What truly sets this offering apart is the opportunity to acquire the adjacent third parcel further expanding the estate with another large workshop, power, water, and additional coverage for future development. This is a legacy property in the making one that invites vision, expansion, and long-term investment.Gated, fenced, and thoughtfully improved with features like a generator, vinyl siding for ease of maintenance, and ample parking, the property balances practicality with possibility.Perfectly positioned in the heart of Meyers, enjoy easy access to Tahoe Paradise Park, the Truckee River, Lake Baron, and world-class recreation including hiking, biking, and premier ski resorts, this location offers both convenience and connection to the outdoors.For those who can visualize the incredible potential and the rarity of what is being offered, this is more than a home, it is an opportunity to create something lasting!

Listed by Mackenzie Martin — Mountain Luxury Properties

Listing Details

Status Active
MLS # 142675
Days on Market 91
Sold Date 1800-01-01
Price/Sq Ft $445

Property History

Apr 25, 2026
Listed for sale
$1,450,000
Jul 08, 2026
Price changed
$1,450,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,262
Lot Size 0.69 acres
Year Built 1955
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034284003000
Parking
Garage Spaces 2
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
View Mountains, Filtered, Forest
Construction Wood Frame, Vinyl Siding
Roof Pitched, Composition, Metal
Foundation Concrete/Crawl Space, Basement/Finished
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
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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 — 1101 Modoc Way, South Lake Tahoe

Est. Annual Revenue
$63,347
Avg Nightly Rate
$368
Projected Occupancy
47.2%
Cap Rate
1.7%
Structural Score: 70 / 100 (Premium) · 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
3,532 sq ft covered of 2,504 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,018 sq ft
Allowed Coverage
2,504 sq ft · 25%
Existing Coverage
3,532 sq ft · 35%
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% ($290,000)
Home price
$1,450,000
Loan details
30-yr fixed, 6.5%
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