$169,000
2491 Ponderosa Street
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.

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About This Property

Set in the heart of South Lake Tahoe, this is an excellent investment opportunity! A level, vacant lot encompassing 7,841 square feet and zoned MDR. The neighboring tri-plex, 2493 Ponderosa Street, is also for sale. Centrally located on the bike path, just a short stroll to the meadow and shores of Lake Tahoe and minutes to world-class-skiing, the casinos and all that the area has to offer.

Listed by Chris Hernandez — Compass

Listing Details

Status Withdrawn
MLS # 142599
Days on Market 211

Property History

Mar 13, 2026
Listed for sale
$169,000
Aug 31, 2026
Pending
$169,000
Property Overview
Lot Size 0.18 acres
Property Type UnimprovedLand
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031400004000
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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~— per month
Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,976 sq ft covered of 2,286 sq ft allowed
311 sq ft of coverage still available to add.
Parcel Size
7,621 sq ft
Allowed Coverage
2,286 sq ft · 30%
Existing Coverage
1,976 sq ft · 26%
Addable Coverage
311 sq ft
Land Capability · TRPA-verified
IPES

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

$1,009 per month
Principal & interest
$855/mo
Property taxes
$154/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
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($33,800)
Home price
$169,000
Loan details
30-yr fixed, 6.5%
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