$1,495,000 $1,595,000 ↓ $100,000 reduced Active
1944 Apalachee 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.
5 Beds
·
2.5 Baths
·
2,576 Sq Ft

About This Property

This home's setting doesn't reveal itself all at once, everything opens toward the view. The main level looks through the pines to Mount Tallac and the surrounding ridgelines, with a long rear deck spanning the back of the house and the forest dropping away below. It is a setting that feels intentionally placed around the view, privacy, and natural light.The remodel brings a clean, modern Tahoe feel without losing warmth. Bright walls, wide plank oak flooring, black Andersen windows, glass railings, and natural wood accents create a simple, elevated interior that keeps the focus on the landscape. The kitchen anchors the open main level with quartz countertops, stainless steel appliances, a contrasting ebony island, induction cooktop, double ovens, and an easy connection to the dining and living areas. A warm fireplace wall grounds the space, while large windows and sliders keep the ridgeline view in constant focus.The upper deck is one of the home's defining spaces, with room for outdoor dining, morning coffee, barbecues, and a hot tub positioned toward the trees and mountains beyond. The primary bedroom opens directly to this deck, creating a private indoor-outdoor retreat. Downstairs, a separate family room connects to its own covered deck, giving the home multiple places to gather, unwind, or watch the light move through the forest.With five bedrooms, multiple living areas, no carpet, updated modern bathrooms, and approximately 1,500 square feet of unfinished lower-level space, the home offers both immediate livability and future flexibility. The lower level already has tall ceilings, framing, and floor sheathing in place, making it useful for storage, gear, workshop space, or potential future expansion with added interior access.Conservancy owned land to the side and rear helps preserve the sense of privacy and open space, while practical upgrades add everyday ease. A bridged paver driveway, solar with battery backup, fenced dog run, terraced yard area, and generous deck space all support the way people actually live in Tahoe: with gear, guests, pets, weather, and time spent outside.Modern, private, view-oriented, and surrounded by forest, this home delivers the rare combination of polished interior space, usable outdoor living, and long-term potential in way only Tahoe can deliver.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142986
Days on Market 90
Sold Date 1800-01-01
Price/Sq Ft $580

Property History

May 29, 2026
Listed for sale
$1,595,000
Aug 01, 2026
Price reduced
$1,495,000 $1,595,000 ↓ $100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2021 · county record $1,450,000 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.

Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,576
Lot Size 0.29 acres
Year Built 1993
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Paradise Addition 3
County El Dorado
STR Jurisdiction El Dorado County
APN 033703010000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Dog Run
Lot Features Adjacent to Forest
View Mountains, Forest
Construction Wood Frame, Metal Siding
Roof Composition
Foundation Basement/Unfinished
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
61
PROJECTED GROSS ANNUAL REVENUE
$39K – $88K typically ~$59,319
~$4,943 per month
Avg Nightly
$347
Occupancy
47%
Cap Rate
1.6%

STR Investment Summary — 1944 Apalachee Drive, 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
$39K – $88K
typically ~$59,319
Avg Nightly Rate
$347
Projected Occupancy
46.9%
Cap Rate
1.6%
Structural Score: 61 / 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
3,149 sq ft covered of 2,525 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,623 sq ft
Allowed Coverage
2,525 sq ft · 20%
Existing Coverage
3,149 sq ft · 25%
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 ↗

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% ($299,000)
Home price
$1,495,000
Loan details
30-yr fixed, 6.5%
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