$700,000 Active
1798 Narragansett 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.
3 Beds
·
2.0 Baths
·
1,512 Sq Ft

About This Property

Tucked among the trees in a peaceful forest setting, this meticulously maintained and updated 3-bedroom, 2-bath mountain retreat offers the perfect blend of comfort, style, and low-maintenance living. With 1,512 square feet of thoughtfully designed space, this home is ideal as a full-time residence, vacation getaway, or investment property.Natural light pours through the windows, highlighting the warm earthy tones, inviting living spaces, and pride of ownership throughout. The kitchen features beautiful alder cabinetry, stone countertops, stainless steel appliances, and a functional layout perfect for everyday living or entertaining after a day in the mountains.Enjoy the serenity of the quiet setting from the wrap around deck while still being close to all the outdoor recreation and Tahoe lifestyle amenities you love. The low-maintenance lot allows more time for adventure and less time on upkeep. Whether you are looking for a cozy primary home or the perfect second-home escape, this property checks all the boxes for mountain living done right. Some furnishings negotiable, this home awaits the next generation!

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142946
Sold Date 1800-01-01
Price/Sq Ft $463

Property History

May 20, 2026
Listed for sale
$700,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,512
Lot Size 0.23 acres
Year Built 1978
Property Type Single Family Residence
Style Cabin
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034133005000
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame, Stucco
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

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 — 1798 Narragansett Circle, South Lake Tahoe

Est. Annual Revenue
$40,207
Avg Nightly Rate
$296
Projected Occupancy
36.4%
Cap Rate
2.3%
Structural Score: 49 / 100 (Standard) · STR Zone: Red

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% ($140,000)
Home price
$700,000
Loan details
30-yr fixed, 6.5%
Request a Tour
A
Real Estate Tahoe
Real Estate Agent

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by the listing agent.