$865,000 Active
1982 Cherokee Street
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
·
2,274 Sq Ft

About This Property

This home is situated on a bright, flat lot in the vibrant Meyers community. It's an ideal spot for outdoor lovers, conveniently located near extensive hiking and mountain biking trails, fishing at Lake Baron, the Lake Tahoe Golf Course, the Truckee River, and much more. Just a short stroll away, Paradise Park hosts summer farmers markets, music events, pickleball courts and various activities that truly embody the spirit of this community.The upper level features an inviting open floor plan with soaring ceilings, recessed lighting, and expansive windows that flood the space with natural light. The living area is designed for entertaining, complete with a warm gas fireplace, a convenient half bath, and sliding glass doors that open onto a spacious deck. The kitchen and dining space are equipped with oak cabinetry, granite countertops, a gas stove, a new refrigerator, and stylish laminate wood flooring throughout. The generously sized primary bedroom offers both his and hers closets, along with an en-suite bathroom that boasts a luxurious jetted tub, a separate shower, and a dual sink vanity. The lower level includes two spacious guest rooms and a full bathroom featuring a shower/tub combo. Additionally, there's a second family room ideal for game nights and a laundry room. Outside, enjoy the privacy of a fully fenced backyard with a large deck and hot tub. Other notable features of the property include an oversized two-car garage, a metal bear box for trash, and the possibility of RV or boat parking.

Listed by Mark Dobson — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 143400
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $380

Property History

Aug 24, 2026
Listed for sale
$865,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2021 · county record $820,000 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 3
Baths 2.5
Sq. Ft. 2,274
Lot Size 0.14 acres
Year Built 2003
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034266025000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can, Other/See Remarks
View Mountains, Filtered
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$33K – $90K typically ~$54,633
~$4,553 per month
Avg Nightly
$294
Occupancy
51%
Cap Rate
2.5%

STR Investment Summary — 1982 Cherokee Street, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$33K – $90K
typically ~$54,633
Avg Nightly Rate
$294
Projected Occupancy
50.9%
Cap Rate
2.5%
Structural Score: 67 / 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
2,305 sq ft covered of 1,504 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,017 sq ft
Allowed Coverage
1,504 sq ft · 25%
Existing Coverage
2,305 sq ft · 38%
Addable Coverage
0 sq ft
IPES Score
922.0
Land Capability · TRPA-verified
IPES
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% ($173,000)
Home price
$865,000
Loan details
30-yr fixed, 6.5%
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