$1,795,000
2361 Tolteca Court
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
5 Beds
·
3,206 Sq Ft

About This Property

Set within one of South Lake Tahoe's premier neighborhoods, 2361 Tolteca Court offers a rare convergence of privacy, scale, and thoughtful modernization. Backing to forested land on an expansive 0.54-acre homesite, the setting feels both protected and immersed in nature, with filtered views and direct access to the quiet beauty that defines Tahoe living. Originally constructed in 1976 and freshly remodeled, the residence spans approximately 3,206 square feet with five bedrooms and four baths. The floor plan is generous and adaptable, offering flexibility for additional sleeping quarters, multi-generational living, or dedicated work-from-home space. Laundry facilities on both levels enhance daily functionality, while in-floor radiant heat throughout delivers consistent, refined comfort during the winter months. A whole-home automatic backup generator ensures continuity and peace of mind in every season. Designed for both retreat and gathering, expansive decks extend the living experience outdoors. A curated seating area with fire pit and integrated media viewing creates a natural setting for evenings under the pines, whether hosting friends or enjoying a quiet night beneath the stars. The large, forest-backed lot offers exceptional privacy, while a whimsical children's playhouse with zip line adds a sense of play and permanencean invitation to create lasting Tahoe memories. Eligible for a Vacation Home Rental (VHR) permit, the property offers flexibility for both personal enjoyment and potential rental use. With substantial square footage, a spacious garage, and a setting that balances seclusion with neighborhood prestige, this property represents a distinctive opportunity in today's Tahoe marketwhere design, infrastructure, and environment align for those who value both comfort and connection to the landscape.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 142536
Days on Market 52
Sold Date 1800-01-01
Price/Sq Ft $560

Property History

Feb 09, 2026
Listed for sale
$1,795,000
Property Overview
Beds 5
Sq. Ft. 3,206
Lot Size 0.54 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Paradise 34
County El Dorado
STR Jurisdiction El Dorado County
APN 035151013000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Cul-De-Sac,Adjacent to Forest
View Mountains,Forest
Construction Wood Frame,Masonry Veneer
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Fireplace,Radiant Heat-Floor
Cooling Natural Gas,Fireplace,Radiant Heat-Floor
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 — 2361 Tolteca Court, South Lake Tahoe

Est. Annual Revenue
$84,735
Avg Nightly Rate
$906
Projected Occupancy
25.2%
Cap Rate
1.9%
Structural Score: 68 / 100 (Premium) · STR Zone: Yellow

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% ($359,000)
Home price
$1,795,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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