$869,000 Active
1629 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
·
2.5 Baths
·
2,286 Sq Ft
Virtual Tour

About This Property

Where mountain living meets year-round adventure. Nestled in a peaceful forested setting, this well-designed 3-bedroom, 2.5-bath home offers a highly functional layout with upstairs living to maximize natural light and soaring vaulted ceilings, while the spacious downstairs family room provides the perfect retreat for relaxing or entertaining.The attached two-car garage and south-facing driveway are ideal for Tahoe winters, helping to maximize sun exposure and minimize snow accumulation. A brand-new roof, installed in June 2026, adds peace of mind and long-term value.Outdoor enthusiasts will appreciate the unbeatable location just moments from the Oneidas Trailhead, providing direct access to incredible recreation. Enjoy snowmobiling and dirt biking right from the neighborhood, along with an extensive world-class network of mountain biking and hiking trails that make this area one of South Lake Tahoe's premier outdoor destinations.Whether you're looking for a full-time residence or a mountain getaway, this home offers the perfect combination of comfort, convenience, and access to Tahoe's four-season lifestyle!

Listed by Mackenzie Martin — Mountain Luxury Properties

Listing Details

Status Active
MLS # 143300
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $380

Property History

Jul 31, 2026
Listed for sale
$869,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2021 · county record $825,000 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 3
Baths 2.5
Sq. Ft. 2,286
Lot Size 0.17 acres
Year Built 2002
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034701018000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Adjacent to Forest
View Filtered, Forest
Construction Wood Frame, Wood Siding
Roof See Remarks, 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

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 — 1629 Cree Street, South Lake Tahoe

Est. Annual Revenue
$54,480
Avg Nightly Rate
$293
Projected Occupancy
50.9%
Cap Rate
2.5%
Structural Score: 66 / 100 (Premium) · 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

Over coverage limit
2,295 sq ft covered of 1,802 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,208 sq ft
Allowed Coverage
1,802 sq ft · 25%
Existing Coverage
2,295 sq ft · 32%
Addable Coverage
0 sq ft
IPES Score
744.0
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% ($173,800)
Home price
$869,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message