$1,070,000 Active
1840 Jicarilla Drive
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
·
3.5 Baths
·
3,396 Sq Ft
Virtual Tour

About This Property

First time on the market in 26 years, this beautifully upgraded mountain retreat offers the perfect blend of space, comfort, and modern convenience. Designed for large families, multigenerational living, or anyone seeking room to spread out, this exceptional home features four levels of living space, all easily accessed by a private elevator.From the moment you arrive, you'll appreciate the 10 ft garage door, oversized two-car garage with direct access into the home. The main living level showcases soaring windows that frame breathtaking mountain views and fill the home with natural light. The fully updated kitchen features modern appliances and ample space for entertaining, while the cozy family room opens to a private back deck complete with a relaxing spa with surround sound installed surrounded by trees and nature.The spacious primary suite is conveniently located on the main level and includes a walk-in closet, double sinks, a walk-in shower, and a luxurious soaking tub. Upstairs, you'll find three additional bedrooms and two bathrooms, providing plenty of room for family and guests.The lower level offers incredible flexibility with a large bonus room perfect for movie nights, game days, or entertaining. Relax in the infrared sauna or explore the potential to transform this space into an ADU, complete with a 3/4 bath and laundry area. An enclosed workshop adds even more functionality and the sale includes a generator for nights without electricity.With beautiful decks on multiple levels, stunning mountain views, five bathrooms in total, and countless thoughtful upgrades throughout, this is a rare opportunity to own a truly special mountain home. Don't miss your chance to experience everything this property has to offer.

Listed by Shannon Witt — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 142955
Sold Date 1800-01-01
Price/Sq Ft $315

Property History

May 22, 2026
Listed for sale
$1,070,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,396
Lot Size 0.36 acres
Stories 4
Year Built 1976
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise Addition 5
County El Dorado
STR Jurisdiction El Dorado County
APN 080061012000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub,Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Mountains,Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space,Slab
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 1840 Jicarilla Drive, South Lake Tahoe

Est. Annual Revenue
$66,465
Avg Nightly Rate
$715
Projected Occupancy
25.5%
Cap Rate
2.5%
Structural Score: 69 / 100 (Premium) · 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% ($214,000)
Home price
$1,070,000
Loan details
30-yr fixed, 6.5%
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