$660,000
1640 Cherry Hills Circle
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
5 Beds
·
3.0 Baths
·
1,912 Sq Ft

About This Property

Tucked into the trees, this five-bedroom, three-bath mountain retreat delivers privacy, space, and serious potential in a prime location. A picturesque deck places you right in the woods, creating the perfect setting for morning coffee, aprs-ski evenings, or summer entertaining with forest views in every direction.Convenience starts at arrival with a level pull-in garage off the street. A covered breezeway leads to the front door, keeping you protected from the elements year-round. Inside, the downstairs living area features newer carpet and flows seamlessly into the kitchen and dining space, ideal for gatherings both big and small. Step directly from the dining area onto the deck and soak in the peaceful surroundings.The spacious primary suite is privately located above the garage and feels like a true retreat, complete with its own fireplace and full bathroom. A small bonus room offers flexible use as a den, reading nook, or home office. Two of the other bedrooms have sliders in them, making the deck easily accessible.Lovingly owned by the original family, this home offers tons of potential for customization while already delivering great bones and an unbeatable location. The property is offered fully furnished with useful household items, making it move-in ready or an easy transition for a second home or rental setup.Enjoy easy access to major ski resorts, beaches, shopping, and restaurants, all while feeling worlds away in your own wooded escape. Mountain living, location, and opportunity all wrapped into one.

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142420
Days on Market 90
Sold Date 1800-01-01
Price/Sq Ft $345

Property History

Jan 02, 2026
Listed for sale
$660,000
Property Overview
Beds 5
Baths 3.0
Sq. Ft. 1,912
Lot Size 0.23 acres
Stories 2
Year Built 1965
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise Addition 1
County El Dorado
STR Jurisdiction El Dorado County
APN 033301002000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
View Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Wall or Space Heater,Fireplace
Cooling Forced Air,Wall or Space Heater,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 1640 Cherry Hills Circle, South Lake Tahoe

Est. Annual Revenue
$68,823
Avg Nightly Rate
$674
Projected Occupancy
28.1%
Cap Rate
4.2%
Structural Score: 66 / 100 (Premium) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($132,000)
Home price
$660,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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