$755,000 $775,000 ↓ $20,000 reduced Active
2333 Wasabe 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.
3 Beds
·
2.5 Baths
·
1,696 Sq Ft
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About This Property

Nestled in the highly sought-after Christmas Valley area of South Lake Tahoe, this spacious 3-bedroom, 2.5-bath home offers the perfect blend of mountain charm, comfort, and modern updates. Boasting nearly 1,700 square feet of living space on a generous 0.20-acre lot, this property provides plenty of room to relax, entertain, and enjoy the Tahoe lifestyle. Step inside to a bright and inviting great room-style floor plan that creates an open flow between the living, dining, and kitchen areas. The updated kitchen features modern finishes and ample workspace, making it the heart of the home for gatherings with family and friends, while the updated guest bathroom adds a stylish touch and the newer heating system provides year-round comfort and peace of mind. The oversized primary suite is a true retreat, offering exceptional space rarely found in homes of this size. Outside, the fully fenced backyard is ready for summer barbecues, outdoor entertaining, pets, and play, while the expansive deck provides the perfect place to enjoy your morning coffee or unwind after a day of Tahoe adventures. A two-car garage offers plenty of storage for vehicles, outdoor gear, and recreational equipment. As an added bonus, the home comes furnished with high-end furniture throughout, creating a truly turnkey opportunity for a primary residence, vacation getaway, or investment property. Located near world-class skiing, hiking, biking, fishing, and the stunning shores of Lake Tahoe, this home offers the perfect opportunity to enjoy everything South Lake Tahoe has to offer while coming home to the tranquility and natural beauty of Christmas Valley.

Listed by Megan Blackwell — Amen Real Estate

Listing Details

Status Active
MLS # 143091
Days on Market 27
Sold Date 1800-01-01
Price/Sq Ft $445

Property History

Jun 19, 2026
Listed for sale
$755,000
Jul 15, 2026
Price changed
$755,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,696
Lot Size 0.17 acres
Year Built 2001
Property Type Single Family Residence
Subdivision Tahoe Paradise 53
County El Dorado
STR Jurisdiction El Dorado County
APN 035233022000
📊

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 — 2333 Wasabe Drive, South Lake Tahoe

Est. Annual Revenue
$46,873
Avg Nightly Rate
$258
Projected Occupancy
49.8%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,647 sq ft covered of 1,799 sq ft allowed
152 sq ft of coverage still available to add.
Parcel Size
7,197 sq ft
Allowed Coverage
1,799 sq ft · 25%
Existing Coverage
1,647 sq ft · 23%
Addable Coverage
152 sq ft
IPES Score
776.0
Existing Units
1

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% ($151,000)
Home price
$755,000
Loan details
30-yr fixed, 6.5%
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