$949,000 Active
1661 Fairmeadow Trail
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
·
2,340 Sq Ft
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About This Property

Welcome to 1661 Fairmeadow Trail, a spacious 4-bedroom, 3-bath home offering 2,340 sq ft in South Lake Tahoe's desirable Montgomery Estates neighborhood. Surrounded by mature pines in a Firewise community with underground utilities, this Tahoe home offers a versatile floor plan, vaulted ceilings and multiple decks for enjoying the mountain setting.The main living level is bright and inviting, with vaulted ceilings, large windows and an open flow between the living, dining and kitchen areas. The kitchen features generous cabinetry, a large center island with cooktop and plenty of space for gathering and entertaining.Downstairs, a separate living area with a wet bar creates an ideal space for guests, extended family, a game room or additional lounge area. Separate heating systems for the upper and lower levels provide added comfort and control throughout the home.The freshly stained exterior complements the wooded setting, while an attached two-car garage provides convenient parking and storage for Tahoe gear. A generator adds peace of mind for year-round mountain living.Located near Sierra House Elementary School with convenient access to hiking and biking trails, Heavenly Mountain Resort, Lake Tahoe recreation, dining and the amenities of South Lake Tahoe. Whether you're looking for a full-time residence or a Lake Tahoe mountain retreat, 1661 Fairmeadow Trail offers generous square footage, flexible living space and a sought-after Montgomery Estates location.

Listed by Kaylin Culver — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143464
Days on Market 7
Sold Date 1800-01-01
Price/Sq Ft $406

Property History

Sep 06, 2026
Listed for sale
$949,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,340
Lot Size 0.16 acres
Year Built 2004
Property Type Single Family Residence
Style Split Level
Subdivision Meadow Lakes
County El Dorado
STR Jurisdiction El Dorado County
APN 080132021000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$40K – $85K typically ~$50,000
~$4,167 per month
Avg Nightly
$284
Occupancy
48%
Cap Rate
2.1%

STR Investment Summary — 1661 Fairmeadow Trail, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$40K – $85K
typically ~$50,000
Avg Nightly Rate
$284
Projected Occupancy
48.3%
Cap Rate
2.1%
Structural Score: 68 / 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
2,258 sq ft covered of 1,750 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,002 sq ft
Allowed Coverage
1,750 sq ft · 25%
Existing Coverage
2,258 sq ft · 32%
Addable Coverage
0 sq ft
IPES Score
984.0
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% ($189,800)
Home price
$949,000
Loan details
30-yr fixed, 6.5%
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