$958,000 Active Under Contract
1892 Osage Circle
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — no new permits are being issued.
3 Beds
·
2.0 Baths
·
1,724 Sq Ft

About This Property

Set in one of Tahoe Paradise's quieter pockets, this forest-backed chalet offers exceptional privacy on a .27-acre parcel adjoining National Forest land. Extensive redwood decking creates a natural extension of the home, with multiple places to gather, relax and take in the surrounding pines.Inside, classic Tahoe architecture is paired with recent updates, including fresh interior paint, luxury vinyl plank flooring, new baseboards, updated lighting and plumbing fixtures, new door hardware and a fully remodeled downstairs bathroom. The 2-story great room features exposed beams, tongue-and-groove pine ceilings and dramatic cathedral windows framing the forest beyond.The main level offers an open living and dining area, maple cabinetry, upgraded appliances and flexibility for future kitchen expansion or reconfiguration. Upstairs, the loft has been used as a 4th sleeping area, game room or additional lounge.A detached 2-car garage connects to the home by a broad deck that doubles as one of the property's best entertaining spaces. The landscaped front yard transitions to a more natural rear setting, with a fenced dog run occupying only a portion of the backyard. Additional highlights include a metal roof, recently stained redwood siding and excellent garage storage.

Listed by Mark Salmon — Compass

Listing Details

Status Active Under Contract
MLS # 143360
Days on Market 47
Price/Sq Ft $556

Property History

Aug 14, 2026
Listed for sale
$958,000
Sep 03, 2026
Pending
$958,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 1992 · county record $110,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,724
Lot Size 0.27 acres
Year Built 1975
Property Type Single Family Residence
Style Chalet
Subdivision Tahoe Paradise 46
County El Dorado
STR Jurisdiction El Dorado County
APN 034734027000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
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

Red Zone
STRUCTURAL SCORE Premium
68
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.

STR Investment Summary — 1892 Osage Circle, 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.
Structural Score: 68 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,782 sq ft covered of 2,388 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,938 sq ft
Allowed Coverage
2,388 sq ft · 20%
Existing Coverage
2,782 sq ft · 23%
Addable Coverage
0 sq ft
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 ↗ How the Basin compares

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

$6,089 per month
Principal & interest
$4,844/mo
Property taxes
$874/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$371/mo
CA FAIR Plan + DIC estimate, ~$4,100–$4,800/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($191,600)
Home price
$958,000
Loan details
30-yr fixed, 6.5%
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