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

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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 Under Contract
MLS # 142986
Days on Market 137
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
Oct 02, 2026
Pending
$1,495,000

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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
70
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 — 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.
Structural Score: 70 / 100 (Premium) · STR Zone: Red

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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$6,000 – $7,000/yr
about $542/mo
Est. Rebuild Cost (Coverage A)
$1,081,920
FAIR Plan (fire)
$5,000/yr
DIC wrap (theft, water, liability)
$1,000 – $2,000/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$9,466 per month
Principal & interest
$7,560/mo
Property taxes
$1,364/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
$542/mo
CA FAIR Plan + DIC estimate, ~$6,000–$7,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($299,000)
Home price
$1,495,000
Loan details
30-yr fixed, 6.5%
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