$688,800 Active
1421 Pebble Beach Drive
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
·
2.0 Baths
·
1,312 Sq Ft
Virtual Tour

About This Property

Tucked among the pines, this charming 3-bedroom, 2-bath Gambrel is the ideal mountain retreat- a place to unplug, unwind, and reconnect with nature. Lovingly maintained, the current owners have invested significant time and care into stabilizing the property and ensuring the exterior is in exceptional condition, allowing the next owner to enjoy peace of mind from day one.A spacious redwood deck welcomes you with tranquil forest views, creating the perfect setting for morning coffee or evening gatherings. Inside, the open great room is filled with natural light from two large sliding glass doors that seamlessly blend indoor and outdoor living. The efficiently designed kitchen offers everything you need without sacrificing living space, while a generously sized bedroom and full bath complete the main level.Upstairs, a cozy loft provides an additional living area, ideal for reading, relaxing, or entertaining, along with two comfortable bedrooms and a second full bath. The backyard features a paver patio perfect for barbecues and summer evenings, while a large Tuff Shed at the end of the driveway offers ample storage for skis, bikes, kayaks, and all your Tahoe gear.With the major improvements and permitting already completed, this home is ready for your personal updates and finishing touches. A site assessment and additional land coverage are on file, offering future expansion potential. Conveniently located in the county just blocks from the Upper Truckee River, two golf courses, and the Meyers community, you'll enjoy the best of mountain living just 15 minutes from the heart of South Lake Tahoe.

Listed by Shannon Witt — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143153
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $525

Property History

Jul 03, 2026
Listed for sale
$688,800
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,312
Lot Size 0.23 acres
Year Built 1972
Property Type Single Family Residence
Style A-Frame
Subdivision Country Club Heights 1
County El Dorado
STR Jurisdiction El Dorado County
APN 033305009000
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
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 — 1421 Pebble Beach Drive, South Lake Tahoe

Est. Annual Revenue
$44,549
Avg Nightly Rate
$311
Projected Occupancy
39.5%
Cap Rate
2.6%
Structural Score: 52 / 100 (Standard) · 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% ($137,760)
Home price
$688,800
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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