$1,960,000 Active
2396 Marshall Trail
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — no new permits are being issued.
3 Beds
·
3.5 Baths
·
3,464 Sq Ft
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About This Property

Located in prestigious Montgomery Estates, this impressive residence exhibits luxury, style and design features second to none. Meticulously crafted, blending rich woods, soft colors, tile, granite and natural stone creating timeless beauty throughout the 3464 sq ft floorplan. Bordering Forest Service land on an oversized parcel, boulder lined terraced grounds feature contoured green lawns, lush gardens and multiple patio areas where aspen trees, whispering pines and native shrubs give the property an added sense of privacy and seclusion. As you enter a grand entry with oversize windows and stone floors will lead you upstairs to a warm and inviting main living area featuring vaulted pine ceilings and a striking stone fireplace with a gas insert, perfect for entertaining family and friends. Step outside to multiple patio areas, dine alfresco, relax in the spa or swap stories around the fire pit.The spacious kitchen is a chef's delight featuring, stainless steel appliances, a 48'' Viking range, custom Alder cabinetry, granite counters, a large center island with 4 casual eating spaces and a family size dining area. An adjoining prep kitchen/laundry room adds convenience and functionality.Conveniently located on the same level is a work from home office and a luxurious primary suite with high ceilings, lots of windows and his and her closets. The stylish primary bathroom host dual vanities, a roomy steam shower and soaking tub beautifully finished with travertine slab counters and tile. The upper level of the homes offers 2 generous size bedrooms, a hall bath with double sinks and huge family/flex room. Rounding out the bottom floor of the home a media room with a drop-down projection screen and another hall bath. Highlights And Special Features Include ; 1300 + sq. ft tandem garage for 3+ cars with a work shop, mechanical room and pop out storage room, custom lighting, designer window treatments, 8' interior doors, tankless water heater, whole house audio, integrated surveillance system, Cat 5 wiring, Hardie board siding, paver driveway and more!Ideally located close to shopping, dining, Heavenly Mountain Resort, hiking, biking and the famed Tahoe Rim Trail trailhead. Don't miss this rare opportunity to own an extraordinary mountain retreat!

Listed by Peter Delilli — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143543
Price/Sq Ft $566

Property History

Oct 04, 2026
Listed for sale
$1,960,000
Property Overview
Beds 3
Baths 3.5
Sq. Ft. 3,464
Lot Size 0.28 acres
Year Built 2005
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Montgomery Estates 5
County El Dorado
STR Jurisdiction El Dorado County
APN 025792023000
Parking
Garage Spaces 3
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Masonry, Masonry Veneer, Rock
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
70
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.

STR Investment Summary — 2396 Marshall Trail, 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.
Structural Score: 70 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,213 sq ft covered of 2,726 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,000 sq ft
Allowed Coverage
2,726 sq ft · 23%
Existing Coverage
3,213 sq ft · 27%
Addable Coverage
0 sq ft
IPES Score
829.0
Land Capability · TRPA-verified
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 ↗ How the Basin compares

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

$12,437 per month
Principal & interest
$9,911/mo
Property taxes
$1,788/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$738/mo
CA FAIR Plan + DIC estimate, ~$8,200–$9,500/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($392,000)
Home price
$1,960,000
Loan details
30-yr fixed, 6.5%
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