$1,978,000
1951 Delaware Street
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
5 Beds
·
4.0 Baths
·
2,802 Sq Ft

About This Property

A rare opportunity to own a mountain-modern masterpiece designed and built by SHEMSS, set in one of South Lake Tahoe's most private and desirable locations.Situated on a large lot, this exceptional property is surrounded by California Conservancy land on three sides with National Forest lots directly across the street, creating a true sanctuary of privacy, space, and nature that cannot be replicated.The main residence offers 4 bedrooms, 3 bathrooms, a spacious loft, and 2,802 sq. ft. of thoughtfully designed living space. Soaring ceilings and floor-to-ceiling windows flood the great room with natural light, while a free-standing round gas fireplace anchors the spaceperfect for gathering with family and friends after a day outdoors.Designed for both luxury and wellness, the home features a private sauna room and a tranquil Zen room, ideal for relaxation and rejuvenation. The primary suite is a true retreat, complete with a freestanding soaking tub, separate shower, and serene forest views. For ultimate convenience, the main home includes laundry rooms on both the main and upper levels.Adding exceptional versatility and income potential, the property includes a fully equipped 500 sq. ft. ADU with 1 bedroom, 1 bathroom, full kitchen, laundry, and great roomideal for extended family, guests, or rental income.Outdoor living is equally impressive with a large deck and patio, perfect for entertaining, dining, or simply enjoying the peaceful mountain setting.Located just minutes from the Truckee River, bike trails, and only 15 minutes to Lake Tahoe beaches, with world-class ski resorts a short drive away, this home offers the perfect balance of seclusion and accessibility.Whether used as a primary residence, luxury vacation home, or income-producing retreat, this property delivers an extraordinary Tahoe lifestylemodern design, wellness, privacy, and proximity to year-round adventure.This is a truly rare offering in South Lake Tahoe. Don't miss your chance to own a piece of mountain paradise

Listed by Nataliya Shemyakin — eXp Realty of California

Listing Details

Status Active
MLS # 142406
Days on Market 97
Sold Date 1800-01-01
Price/Sq Ft $706

Property History

Dec 26, 2025
Listed for sale
$1,978,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 2,802
Lot Size 0.49 acres
Stories 2
Year Built 2026
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Paradise 20
County El Dorado
STR Jurisdiction El Dorado County
APN 034441001000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Forest
Construction Wood Frame,Stucco,Metal Siding
Roof Metal
Foundation Concrete/Crawl Space
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 — 1951 Delaware Street, South Lake Tahoe

Est. Annual Revenue
$80,127
Avg Nightly Rate
$863
Projected Occupancy
25.1%
Cap Rate
1.6%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

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% ($395,600)
Home price
$1,978,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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