$699,000 Active
1869 Elks Club 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.
3 Beds
·
2.5 Baths
·
1,680 Sq Ft

About This Property

Tucked among towering pines with sweeping mountain views and direct access to U.S. Forest Service land, 1869 Elks Club Dr. is one of the area's most versatile income-capable properties. Whether you're a buyer looking to offset your mortgage with rental income, a multigenerational family in need of independent living space, or someone who simply wants a forest sanctuary with built-in flexibility this property is ready to work for you. The fully self-contained lower-level suite is the heart of this property's investment appeal. Ideal as a hosted rental or long-term rental, the suite operates completely independently from the main living area with its own private entrance, country kitchenette, 3/4 bath, bedroom, and dedicated laundry room. Live comfortably upstairs while your tenant helps cover the mortgage, or house extended family with complete privacy on both sides. The layout was designed for exactly this kind of flexible, dual-occupancy living. The home spanning 1,680 sq ft across two fully functional levels, the home offers 3 bedrooms and 2.5 baths total. The main level features 2 bedrooms and 1.5 baths with an open, light-filled layout that frames the surrounding forest and mountain views from every window. Both floors have their own laundry, adding to the independence between units. Major systems have been properly maintained and replaced as needed, including a new roof with extra insulation, a new forced-air heating system with WiFi smart thermostat, a newer tankless water heater, and newer double-pane windows. Step outside to a fully fenced backyard with rear gate access that opens directly toward Forest Service land permanent natural privacy with no rear neighbors! The no-maintenance composite deck is ideal for relaxing or entertaining, and the WiFi-controlled hot tub adds a touch of luxury to the everyday. The landscaped yard features a timed sprinkler system in the rear, a storage shed, a newer driveway, and a bear-proof garbage enclosure. Smart & Secure A WIFI Ring camera security system, WiFi-connected hot tub, and smart thermostat make day-to-day living and potential rental management easy and connected from anywhere.Located in Country Club Estates, the property offers quick, easy access to the main routes out of town a genuine convenience for commuters and visitors alike. You get true forest immersion without the remoteness that often comes with it.

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142952
Sold Date 1800-01-01
Price/Sq Ft $416

Property History

May 18, 2026
Listed for sale
$699,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,680
Lot Size 0.25 acres
Stories 2
Year Built 1975
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 081053003000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub
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 — 1869 Elks Club Drive, South Lake Tahoe

Est. Annual Revenue
$44,435
Avg Nightly Rate
$400
Projected Occupancy
32.0%
Cap Rate
2.5%
Structural Score: 53 / 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% ($139,800)
Home price
$699,000
Loan details
30-yr fixed, 6.5%
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