$328,000 Active
2311 Chiapa Drive
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.

About This Property

Positioned on one of South Lake Tahoe's most exclusive streets, this rare .53-acre parcel represents one of only two remaining buildable lots on the entire hillside. The setting is extraordinary, tucked just below the Angora Ridgeline and Flagpole Peak, surrounded by rows of Conservancy and USFS owned parcels for unmatched privacy, serenity, and a true own-the-forest'' feeling.The property showcases dramatic granite boulders and elevated views, while providing direct access to miles of National Forest trails for world-class hiking and mountain biking right out your back door. With an impressive IPES score of 746, the lot qualifies for numerous TRPA coverage exemptions and currently allows approximately 2,300 square feet of base coverage (after a DOAC). Additional coverage, up to roughly 3,100 square feet, can be acquired for about $7.50 per square foot, offering exceptional design flexibility for your dream home.Allocations are organically available through El Dorado County, allowing you to begin designing and permitting this winter and be ready to break ground by spring or summer of 2026. A next-level opportunity for the most discerning buyer, an irreplaceable parcel surrounded by nature's finest backdrop and the ultimate expression of mountain living.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142274
Days on Market 269
Sold Date 1800-01-01

Property History

Oct 24, 2025
Listed for sale
$328,000
Property Overview
Lot Size 0.53 acres
Property Type Land
Subdivision Tahoe Paradise 34
County El Dorado
STR Jurisdiction El Dorado County
APN 035171008000
Exterior & Lot
View Mountain,Forest
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%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 993 sq ft allowed
993 sq ft of coverage still available to add.
Parcel Size
22,933 sq ft
Allowed Coverage
993 sq ft · 4%
Existing Coverage
0 sq ft
Addable Coverage
993 sq ft
IPES Score
746.0

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($65,600)
Home price
$328,000
Loan details
30-yr fixed, 6.5%
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