$739,000 Active
1531 Cree Street
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
·
1,464 Sq Ft
Virtual Tour

About This Property

Quiet Tahoe Paradise RetreatSurrounded by mature pines in Tahoe Paradise, this well-maintained home offers a quiet setting with privacy and a direct connection to the outdoors. Located near a dead-end street, the 10,000 sq. ft. lot backs partially to a Tahoe Conservancy lot and features trail access from the rear of the property, with a path leading toward the heart of Meyers.The home offers a functional layout with an open kitchen and living area, a spacious main level bedroom with room for a California king or two queen beds, plus a designated laundry room. Two additional bedrooms upstairs feature high windows that bring in natural light. There is a full bath on each floor. Two lower decks, one off the living room and another off the downstairs bedroom, extend the living space outdoors and provide multiple places to enjoy the surrounding trees. The finished two-car garage, newer furnace and water heater, and overall condition add to the home's appeal. Clean, well maintained, and ready to enjoy! Ideally located just minutes from Meyers amenities, two renowned Tahoe golf courses, Tahoe Paradise Park, and Lake Baron. Enjoy easy access to Pope Beach and the crystal-clear waters of South Lake Tahoe, only 8 miles away. For winter recreation, this property is perfectly positioned between South Shore's premier ski destinations, including Heavenly, Sierra-at-Tahoe, and Kirkwood.

Listed by Alora Reynolds — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143410
Sold Date 1800-01-01
Price/Sq Ft $505

Property History

Aug 27, 2026
Listed for sale
$739,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,464
Lot Size 0.25 acres
Year Built 1992
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Paradise 47
County El Dorado
STR Jurisdiction El Dorado County
APN 034681004000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
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, Wood, Fireplace
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,614
~$3,801 per month
Avg Nightly
$239
Occupancy
52%
Cap Rate
2.5%

STR Investment Summary — 1531 Cree Street, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$35K – $55K
typically ~$45,614
Avg Nightly Rate
$239
Projected Occupancy
52.3%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,640 sq ft covered of 2,497 sq ft allowed
857 sq ft of coverage still available to add.
Parcel Size
11,002 sq ft
Allowed Coverage
2,497 sq ft · 23%
Existing Coverage
1,640 sq ft · 15%
Addable Coverage
857 sq ft
IPES Score
791.0
Land Capability · TRPA-verified
4, 5, IPES
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

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% ($147,800)
Home price
$739,000
Loan details
30-yr fixed, 6.5%
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