$359,000 Active
2151 Rainbow Road
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.
2 Beds
·
1.5 Baths
·
960 Sq Ft

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 12
Sold Date 1800-01-01
Price/Sq Ft $374

Property History

Jun 19, 2026
Listed for sale
$359,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 960
Lot Size 0.41 acres
Stories 2
Year Built 1953
Property Type Residential
Style Cabin
Subdivision Rainbow Tract
County El Dorado
STR Jurisdiction El Dorado County
APN 920000807000
Parking
Parking Features 0.00
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition,Shingle
Utilities & Systems
Heating Fireplace
Cooling Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 2151 Rainbow Road, South Lake Tahoe

Est. Annual Revenue
$37,446
Avg Nightly Rate
$250
Projected Occupancy
41.0%
Cap Rate
4.2%
Structural Score: 48 / 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
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% ($71,800)
Home price
$359,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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