$675,000 Active
1537 Cherry Hills Circle
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.
2 Beds
·
2.0 Baths
·
1,416 Sq Ft

About This Property

This classic A-frame cabin is nestled on a spacious .28 acre lot that backs CA Tahoe Conservancy land leading to the Upper Truckee River. This home provides privacy and a serene forest backdrop with no rear neighbors. A sunny garden room has been added to the front of this home, which is ideal for nurturing plants, sipping morning tea or simply watching the snow fall. Step inside and experience the iconic architectural charm that makes A-frames so appealing. Along with downstairs living, you'll also find the two bedrooms and one bathroom. Upstairs is the expansive loft and a second bathroom. There is also an easily accessible large crawlspace at the back of the house, providing an incredible amount of storage for all your Tahoe toys.

Listed by Devra Zlendick — Compass

Listing Details

Status Active
MLS # 143172
Days on Market 45
Sold Date 1800-01-01
Price/Sq Ft $477

Property History

Jul 07, 2026
Listed for sale
$675,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2003 · county record $280,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,416
Lot Size 0.28 acres
Year Built 1975
Property Type Single Family Residence
Style A-Frame
Subdivision Country Club Heights 3
County El Dorado
STR Jurisdiction El Dorado County
APN 033291027000
Exterior & Lot
View Forest
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
45
PROJECTED GROSS ANNUAL REVENUE
$28K – $57K typically ~$35,966
~$2,997 per month
Avg Nightly
$186
Occupancy
53%
Cap Rate
2.1%

STR Investment Summary — 1537 Cherry Hills Circle, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$28K – $57K
typically ~$35,966
Avg Nightly Rate
$186
Projected Occupancy
52.8%
Cap Rate
2.1%
Structural Score: 45 / 100 (Standard) · 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
1,171 sq ft covered of 2,430 sq ft allowed
1,258 sq ft of coverage still available to add.
Parcel Size
12,148 sq ft
Allowed Coverage
2,430 sq ft · 20%
Existing Coverage
1,171 sq ft · 10%
Addable Coverage
1,258 sq ft
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% ($135,000)
Home price
$675,000
Loan details
30-yr fixed, 6.5%
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