$765,000
1221 Goldpan Court
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
5 Beds
·
2.0 Baths
·
1,584 Sq Ft

About This Property

Beautiful forest setting for this 5 bedroom 2 bath home located in the highly desirable Montgomery Estates neighborhood which is close to the lake, beaches, skiing and trails. Located on a quiet cul-de-sac with CA Conservancy land next door and across the street, there is a feeling of privacy as you enjoy the forest setting from the side and wrap around decks. Lots of mountain feel with the open beam pine ceilings throughout. The living room has great forest views through the new glass French doors, a freestanding gas fireplace and opens to the kitchen dining area. All new brushed stainless steel appliances in the kitchen and engineered hardwood flooring on this first floor level. There is one bedroom and updated full bath as well as a large laundry area on this first floor level and then upstairs 4 bedrooms and 1 updated full bath. One of these 4 bedrooms is presently set up as a small family room area. At the end of the hallway is the access to the oversized 2 car garage with lots of room for storage. And did we mention storage? Off of the kitchen there is a doorway to a 528 SF storage area with a 528 SF unfinished basement below which has the potential for possible conversion to a separate studio, family room, game room, or master suite. So many possibilities for living area expansion or ready to enjoy just as it is. The owners have the home as a successful permitted hosted vacation rental with full vacation rental potential for the entire home. This well maintained home has had many upgrades including a new 50 year composition roof in May 2024 and is perfect for either a new primary residence or second home.

Listed by Madeleine Gutierrez — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 142441
Days on Market 80
Sold Date 1800-01-01
Price/Sq Ft $483

Property History

Jan 16, 2026
Listed for sale
$765,000
Property Overview
Beds 5
Baths 2.0
Sq. Ft. 1,584
Lot Size 0.24 acres
Stories 2
Year Built 1972
Property Type Single Family Residence
Style Gambrel
Subdivision Montgomery Estates 7
County El Dorado
STR Jurisdiction El Dorado County
APN 080163004000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Cul-De-Sac,Adjacent to Forest
View Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Masonry,Basement/Unfinished
Utilities & Systems
Heating Natural Gas,Wall or Space Heater,Fireplace
Cooling Natural Gas,Wall or Space Heater,Fireplace
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%

STR Investment Summary — 1221 Goldpan Court, South Lake Tahoe

Est. Annual Revenue
$47,598
Avg Nightly Rate
$511
Projected Occupancy
27.8%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Yellow

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% ($153,000)
Home price
$765,000
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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