$299,000 $359,000 ↓ $60,000 reduced Active
2151 Rainbow Road
South Lake Tahoe, CA 96150

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✗ 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.
2 Beds
·
1.5 Baths
·
960 Sq Ft

Our data on this home

About This Property

Rare opportunity to own a pristine USFS cabin in the peaceful Rainbow Tract neighborhood just steps away from the Upper Truckee River! If you are looking for a unique, well-maintained, and charming cabin, you will fall in love with this one!The downstairs level features a sunny and bright living room with vaulted pine ceilings, built-in storage shelving, and an extremely efficient barrel-style wood-burning fireplace; a kitchen with all the amenities, breakfast bar, separate dining area, full bath with laundry facilities, and 2 spacious decks (front and back) with bench seating perfect for outdoor entertaining on beautiful summer days. Upstairs you'll find the 2 bedrooms, plenty of storage cabinets, additional vaulted loft storage and another bathroom off of the rear bedroom.Recent improvements include a new chimney, paint, and a newer roof. Other perks include ample parking, delicious well water, well-maintained roads throughout the quiet neighborhood, plenty of privacy,and close proximity to the gentle meandering Truckee River. Sold turnkey with most furnishings included.The Rainbow Tract gate is opened by the USFS from May to October. However, unlike most Forest Service cabins, this one has year round water and can be accessed in the winter by foot when the gate is not open. Conveniently located near the junction of Highway 50 & 89 and just a short drive to multiple Lake Tahoe beaches, world-class ski resorts, hiking/ biking trails, Hope Valley, shopping, recreation, and dining.

Listed by Jaime Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143089
Days on Market 113
Price/Sq Ft $311

Property History

Jul 01, 2026
Listed for sale
$359,000
Aug 29, 2026
Price reduced
$349,000 $359,000 ↓ $10,000
Sep 18, 2026
Price reduced
$299,000 $349,000 ↓ $50,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 960
Lot Size 0.41 acres
Year Built 1953
Property Type Residential
Style Cabin
Subdivision Rainbow Tract
County El Dorado
STR Jurisdiction El Dorado County
APN 920000807000
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
Utilities & Systems
Heating Fireplace
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,861 sq ft covered of 4,478 sq ft allowed
2,617 sq ft of coverage still available to add.
Parcel Size
17,912 sq ft
Allowed Coverage
4,478 sq ft · 25%
Existing Coverage
1,861 sq ft · 10%
Addable Coverage
2,617 sq ft

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

$2,300 – $2,700/yr
about $208/mo
Est. Rebuild Cost (Coverage A)
$403,200
FAIR Plan (fire)
$1,900/yr
DIC wrap (theft, water, liability)
$400 – $800/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

$1,993 per month
Principal & interest
$1,512/mo
Property taxes
$273/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
$208/mo
CA FAIR Plan + DIC estimate, ~$2,300–$2,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
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