$1,225,000 Active
1238 Lone Indian Trail
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.
3 Beds
·
2.5 Baths
·
2,670 Sq Ft

About This Property

There's a reason Montgomery Estates is one of Tahoe's most loved neighborhoods. The forest feels woven into everyday life. Here, open land is just across the street, giving you the feeling of a trailhead at your doorstep while still keeping you minutes from town, the lake, Heavenly, and the essentials of South Lake living.This well-cared-for mountain home sits on a level lot in one of South Lake Tahoe's most sought-after county neighborhoods, with trail access just steps away and easy access to Lake Tahoe, Heavenly, beaches, restaurants, shopping, and year-round recreation. Whether you are heading out for a morning ride, walking the dog beneath the pines, or coming home after a ski day, the location makes everyday Tahoe living feel effortless.Inside, the home offers more than 2,600 square feet with a flexible two-level layout. The main living space feels open and inviting, with vaulted ceilings, open light, custom maple cabinetry, slab granite, stone and marble accents, and a built-in entertainment center that anchors the great room. The kitchen, dining, and living areas connect comfortably, creating a warm central gathering space for weekends, holidays, and quiet nights at home.The upper-level primary suite provides a private retreat with vaulted ceilings, dual walk-in closet space, a jetted soaking tub, and a separate shower. On the lower level, two guest bedrooms, a full bathroom, and a large family room create separation and versatility for visitors, extended stays, movie nights, a game room, or a home office setup.Outdoor living is easy here, with landscaped front and rear yards, a spacious back deck, and a level setting that is simple to use and maintain through every season. The oversized 624-square-foot garage adds valuable storage for bikes, skis, boards, tools, and all the gear that comes with the Tahoe lifestyle.1238 Lone Indian Trail brings together a strong Montgomery Estates location, immediate forest access, flexible living space, and the comfort of a home that has been thoughtfully maintained and enjoyed.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142985
Days on Market 6
Sold Date 1800-01-01
Price/Sq Ft $459

Property History

May 28, 2026
Listed for sale
$1,225,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,670
Lot Size 0.18 acres
Stories 2
Year Built 2008
Property Type Single Family Residence
Style Split Level
Subdivision Montgomery Estates 7
County El Dorado
STR Jurisdiction El Dorado County
APN 080183010000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Masonry Veneer,Wood Siding
Roof 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%

STR Investment Summary — 1238 Lone Indian Trail, South Lake Tahoe

Est. Annual Revenue
$60,326
Avg Nightly Rate
$462
Projected Occupancy
35.5%
Cap Rate
2.0%
Structural Score: 76 / 100 (Luxury) · 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
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% ($245,000)
Home price
$1,225,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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