$625,000 Active
1986 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
·
2.0 Baths
·
1,176 Sq Ft

About This Property

1986 Cherokee Street in South Lake Tahoe is a charming mountain home located in the desirable Meyers neighborhood near the Upper Truckee River, hiking trails, ski resorts, and outdoor recreation. The property features approximately 1,176 square feet of living space with 3 bedrooms, 2 bathrooms, and sits on a spacious 6,011 square foot lot. Built in 1981, the home offers classic Tahoe appeal with a comfortable layout ideal for full-time living, a vacation getaway, or investment potential.The neighborhood is known for its peaceful mountain setting, close proximity to Sierra-at-Tahoe, Heavenly, and Lake Tahoe beaches, while still being conveniently close to shopping, restaurants, and schools. The surrounding area features a mix of newer mountain homes and established Tahoe cabins, giving the property a welcoming alpine feel.Based on recent market information, homes in this area continue to see strong buyer interest due to the desirable Meyers location, outdoor lifestyle, and easy access to year-round recreation.

Listed by Marjorie Harris — Compass

Listing Details

Status Active
MLS # 142974
Sold Date 1800-01-01
Price/Sq Ft $531

Property History

May 25, 2026
Listed for sale
$625,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,176
Lot Size 0.14 acres
Year Built 1981
Property Type Single Family Residence
Style Gambrel
Subdivision Tahoe Paradise
County El Dorado
STR Jurisdiction El Dorado County
Parking
Parking Features 0.00
Exterior & Lot
Roof Composition
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 — 1986 Cherokee Street, South Lake Tahoe

Est. Annual Revenue
$39,530
Avg Nightly Rate
$288
Projected Occupancy
38.5%
Cap Rate
2.5%
Structural Score: 50 / 100 (Standard) · STR Zone: Red

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% ($125,000)
Home price
$625,000
Loan details
30-yr fixed, 6.5%
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