El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4Beds
·
2.5Baths
·
2,114Sq Ft
About This Property
Welcome to your mountain retreat in the highly sought-after Montgomery Estates neighborhood, one of South Lake Tahoe's most desirable communities known for its quiet streets, tranquil forest setting, and strong community of full-time residents. This beautifully maintained 4-bedroom, 3-bath home is offered fully furnished and completely turn key, making it ready to enjoy from day one.Thoughtful upgrades throughout create a warm, inviting atmosphere that perfectly blends mountain charm with modern comfort. The spacious floor plan offers plenty of room for family and friends, whether you're relaxing after a day on the slopes or entertaining year-round.Centrally located just minutes from Heavenly Ski Resort, world-class skiing, hiking and biking trails, Lake Tahoe beaches, golf, shopping, restaurants, and entertainment, this home puts the very best of Tahoe right at your fingertips. Whether you're looking for a full-time residence, vacation home, or mountain getaway, this property offers the ideal combination of location, comfort, and convenience.Move right in and start making Tahoe memories. This exceptional Montgomery Estates home is ready for its next chapter.
Listed by Brandie Griffith — Realty World Lake Tahoe
Listing Details
StatusActive
MLS #143121
Days on Market92
Sold Date1800-01-01
Price/Sq Ft$447
Property History
Jun 26, 2026
Listed for sale
$975,000
Aug 12, 2026
Price reduced
$945,000
$975,000
↓
$30,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Aug 2019
· county record
$635,000
Deed record — brokerage sides not reported
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Red Zone
STRUCTURAL SCOREStandard
51
PROJECTED GROSS ANNUAL REVENUE
$40K – $75Ktypically ~$50,000
~$4,167 per month
Avg Nightly
$285
Occupancy
48%
Cap Rate
2.2%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 2400 Lupine 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.
Est. Gross Annual Revenue
$40K – $75K
typically ~$50,000
Avg Nightly Rate
$285
Projected Occupancy
48.0%
Cap Rate
2.2%
Structural Score: 51 / 100 (Standard)
· 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
2,250 sq ft coveredof 2,204 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,021 sq ft
Allowed Coverage
2,204 sq ft · 20%
Existing Coverage
2,250 sq ft · 20%
Addable Coverage
0 sq ft
IPES Score
886.0
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.
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
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Listing and property information shown here is supplied by the MLS and other outside sources, including county assessor, TRPA and short-term-rental permit records. All information is deemed reliable but not guaranteed, is provided for consumers' personal, non-commercial use, and should be independently verified. Square footage, lot size, zoning, rental eligibility and permit status are approximate and subject to change.
