$1,099,000 $1,225,000 ↓ $126,000 reduced Active
1575 Crystal Air 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.
4 Beds
·
3.5 Baths
·
3,024 Sq Ft
Virtual Tour

About This Property

Welcome to this charming home nestled in the heart of South Lake Tahoe. This updated beauty offers four bedrooms and three and a half bathrooms, spread across a spacious 3,024 square feet, with a generous 11,326 square foot lot that gives you plenty of room to stretch out and enjoy.Step inside and you'll find a warm and inviting layout that's great for both relaxed living and hosting. There's a fantastic bonus room downstairs that's perfect for a game room or whatever else you fancy. The kitchen, equipped with modern amenities, is adjacent to the dining and living areas, making it a cozy spot for whipping up meals while still being close to the action during gatherings with friends and family.The master suite is your personal getaway with an en-suite bath that feels like a mini retreat. Plus, there are three more bedrooms and two and a half baths that offer comfort for everyone. A handy laundry room adds to the home's convenience.Out back, the large backyard is a real standout. It's an awesome space for entertaining, with the sellers currently set up with a volleyball court and plenty of seating areas to hang out with friends. Whether you're hosting a weekend BBQ or enjoying a quiet morning, this space is ready for fun. Come see how this fantastic home can fit your lifestyle in one of South Lake Tahoe's favorite neighborhoods!View the Matterport Virtual Tour-https://www.homes.com/customer/dashboard/listings/?t=3&s=15&tab=1&dk=fzb8mew3dwk40

Listed by Michelle Keck — Compass

Listing Details

Status Active
MLS # 142097
Days on Market 357
Sold Date 1800-01-01
Price/Sq Ft $363

Property History

Aug 20, 2025
Listed for sale
$1,099,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 1998 · county record $193,500 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 4
Baths 3.5
Sq. Ft. 3,024
Lot Size 0.26 acres
Year Built 1976
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise 48
County El Dorado
STR Jurisdiction El Dorado County
APN 081085010000
Parking
Garage Spaces 2
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Slab
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 — 1575 Crystal Air Drive, South Lake Tahoe

Est. Annual Revenue
$65,770
Avg Nightly Rate
$372
Projected Occupancy
48.6%
Cap Rate
2.4%
Structural Score: 51 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,706 sq ft covered of 2,391 sq ft allowed
684 sq ft of coverage still available to add.
Parcel Size
11,356 sq ft
Allowed Coverage
2,391 sq ft · 21%
Existing Coverage
1,706 sq ft · 15%
Addable Coverage
684 sq ft
Land Capability · TRPA-verified
4
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% ($219,800)
Home price
$1,099,000
Loan details
30-yr fixed, 6.5%
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