$1,029,000 Closed
2367 Wasabe Drive
South Lake Tahoe, CA 96150
SOLD 2026-06-01
Sold for $1,000,000 (listed at $1,029,000)
4 Beds
·
2.5 Baths
·
2,752 Sq Ft

About This Property

Nestled in the heart of Christmas Valley, you'll discover a truly breathtaking property awaiting its new inhabitants. Imagine gathering in a living room designed for grand aspirations, where the eye is drawn upwards by magnificent beamed, high, and vaulted ceilings, creating an expansive and airy atmosphere. A cozy fireplace stands ready to provide warmth and ambiance, inviting moments of quiet enjoyment or lively conversation. The kitchen, a delightful hub for culinary creativity and joyous gatherings, boasts a stylish backsplash that adds a touch of flair. With a generous kitchen bar and a truly large kitchen island, there is abundant space for preparing delectable treats or simply sharing stories over coffee. The sophisticated stone countertops complement the sleek shaker cabinets, presenting a vision of both beauty and practical design. This spiral staircase is a fan favorite from young to old! Indulge in a bathroom experience where daily routines transform into refreshing rituals, featuring a beautifully designed tiled walk in shower, offering a spacious and invigorating beginning or end to your day. Beyond the interiors, this home embraces an open floor plan that encourages effortless movement and a sense of freedom throughout the living spaces. Practicality meets comfort with a dedicated laundry room, simplifying daily tasks. Outdoor delights abound with a charming patio, a spacious deck perfect for sun-drenched afternoons, and a serene balcony offering a private retreat. A thoughtfully fenced backyard provides a secure and inviting area for outdoor enjoyment and relaxation. This home captures breathtaking mountain views from every angle! This home is conveniently just 13 minutes from South Lake Tahoe's casinos, beaches and short drive to ski resorts such as Heavenly, Sierra-at-Tahoe and Kirkwood! And don't forget the short drive to the natural hot springs! This attractive property offers a harmonious blend of refined living and delightful outdoor spaces, poised to become the backdrop for your cherished memories.

Listed by Christy Press — Wesley & Associates

Listing Details

Status Closed
MLS # 142600
Sold Date 2026-06-01
Sold Price $1,000,000
Price/Sq Ft $374

Property History

Mar 13, 2026
Listed for sale
$1,029,000
Current
Sold
$1,000,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2017 · county record $634,000 Deed record — brokerage sides not reported
Jun 2026 · this listing $1,000,000 (+58%) Christy PressWesley & Associates Michelle M KeckCompass

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,752
Lot Size 0.17 acres
Year Built 2004
Property Type Single Family Residence
Style Split Level
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 035233015000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains
Construction Wood Frame
Roof Composition,Shake
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Fireplace
Cooling Forced Air,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors

STR Investment Summary — 2367 Wasabe Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$45K – $105K
typically ~$70,000
Avg Nightly Rate
$394
Projected Occupancy
48.7%
Cap Rate
2.8%
Structural Score: 61 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,320 sq ft covered of 1,800 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,200 sq ft
Allowed Coverage
1,800 sq ft · 25%
Existing Coverage
2,320 sq ft · 32%
Addable Coverage
0 sq ft
IPES Score
800.0
Land Capability · TRPA-verified
5, IPES
Existing Units
1

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 ↗
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