$639,000 Active
2385 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.
2 Beds
·
2.0 Baths
·
1,392 Sq Ft
Virtual Tour

About This Property

Located in the peaceful Christmas Valley neighborhood, this well-maintained single-level home offers comfortable mountain living in one of South Lake Tahoe's most scenic settings. Situated on a flat, sunny lot, the property is just moments from the Upper Truckee River, miles of hiking and mountain biking trails, and endless opportunities to enjoy the outdoors.Offering 2 bedrooms, 2 bathrooms, and 1,392 square feet of living space, the open floor plan is warm and inviting. The spacious living area features vaulted open-beam ceilings and a beautiful gas fireplace with a rustic log mantle and stone accents, creating the perfect gathering space year-round.The kitchen is thoughtfully updated with maple cabinetry featuring soft-close hinges, granite slab countertops, and stainless steel appliances, providing both style and functionality. Just off the kitchen is an enclosed patio/bonus room that offers flexible space for a home office, hobby room, or additional sitting area, with direct access to the fully fenced backyard.The primary suite includes an updated en suite bathroom with a custom barn door, modern fixtures, and a walk-in closet. Outside, the backyard provides plenty of room to relax, garden, or entertain, along with a spacious storage shed for all of your Tahoe gear.Whether you're looking for a full-time residence or a vacation getaway, this move-in ready Christmas Valley home offers a fantastic combination of comfort, convenience, and easy access to Lake Tahoe's year-round recreation.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143111
Sold Date 1800-01-01
Price/Sq Ft $459

Property History

Jun 25, 2026
Listed for sale
$639,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,392
Lot Size 0.17 acres
Stories 1
Year Built 1969
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Paradise 53
County El Dorado
STR Jurisdiction El Dorado County
APN 035242004000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Mountains
Construction Wood Frame
Roof Pitched,Other
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
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 — 2385 Wasabe Drive, South Lake Tahoe

Est. Annual Revenue
$38,442
Avg Nightly Rate
$266
Projected Occupancy
39.4%
Cap Rate
2.4%
Structural Score: 59 / 100 (Premium) · 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% ($127,800)
Home price
$639,000
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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