$1,195,000 Active
1606 Plateau 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.
4 Beds
·
3.0 Baths
·
2,669 Sq Ft

About This Property

Excellent location in the desirable Meadow Lakes subdivision, conveniently located near Heavenly Ski Resort, shopping, dining, and area casinos. This spacious 4-bedroom, 3-full-bath home offers a functional and comfortable floor plan, with one bedroom that could also be used as an office, den, or flex space (no closet). A 2-car garage off a paving stone driveway, provides additional convenience and storage and has a newer gas water heater with circulating pump. Relax on the large covered front porch while taking in beautiful mountain and meadow views.The entryway provides dedicated storage for shoes, boots, and everyday essentials. The inviting living room features vaulted ceilings, a ceiling fan, abundant windows for natural light, and a beautiful tile and oak fireplace with a gas insert, creating a warm and welcoming gathering space. A loft area provides additional flexible space that could be used as a sleeping area, family game room, office, or reading nook. The main level features engineered hardwood flooring throughout. The kitchen offers newer appliances, oak cabinetry, tile countertops, tile floors, a pantry, and ample workspace. Sliding glass doors off the kitchen/dining area open to a spacious deck with a hot tub and large yard, creating an inviting setting for outdoor entertaining, relaxing, and enjoying the surrounding area. The large dining area also includes a built-in workstation with bookshelves - perfect for working from home, homework, or household organization. The large sized laundry room offers cabinets, a folding table, and the added convenience of the laundry chute from upstairs.Downstairs you will also find a separate office, den or another bedroom for guests (no closet), or a formal dining room, and features double French doors with divided light glass.The spacious primary bedroom upstairs features vaulted ceilings, a ceiling fan and walk-in closet with laundry chute. The primary bath offers tile countertops, double sinks, laminate flooring, and a large soaking tub. Two additional generously sized bedrooms with vaulted ceilings provide plenty of room for family, guests, or hobbies. Two skylights in the hallway provide an abundance of light. Throughout the home, you'll find numerous additional storage spaces designed to keep everything organized. A wonderful opportunity to own a spacious home with flexible living areas, plenty of storage, a large yard, hot tub, mountain and meadow views, and convenient access to skiing, recreation, dining, and entertainment.

Listed by Barbara Gerland — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143354
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $448

Property History

Aug 20, 2026
Listed for sale
$1,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2004 · county record $610,000 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 4
Baths 3.0
Sq. Ft. 2,669
Lot Size 0.20 acres
Year Built 1997
Property Type Single Family Residence
Style Contemporary
Subdivision Meadow Lakes
County El Dorado
STR Jurisdiction El Dorado County
APN 080122003000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can
View Mountains, Meadow
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$50K – $101K typically ~$69,791
~$5,816 per month
Avg Nightly
$392
Occupancy
49%
Cap Rate
2.3%

STR Investment Summary — 1606 Plateau 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
$50K – $101K
typically ~$69,791
Avg Nightly Rate
$392
Projected Occupancy
48.6%
Cap Rate
2.3%
Structural Score: 70 / 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

Over coverage limit
2,277 sq ft covered of 2,209 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,834 sq ft
Allowed Coverage
2,209 sq ft · 25%
Existing Coverage
2,277 sq ft · 26%
Addable Coverage
0 sq ft
IPES Score
972.0
Land Capability · TRPA-verified
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% ($239,000)
Home price
$1,195,000
Loan details
30-yr fixed, 6.5%
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