$139,000 Active

2520 Blitzen Road

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.

About This Property

A great opportunity in Christmas Valley, this level parcel backs to Forest Service land and sits just steps from the Upper Truckee River. With 30% coverage and an excellent 978 IPES score per TRPA, the lot offers strong building potential for your future Tahoe home. Enjoy a peaceful setting with hiking, biking, fishing, skiing, and miles of outdoor recreation right nearby. A beautiful mountain location, an easy-to-build homesite, and a great value in one of South Lake Tahoe's most scenic areas.

Listed by Bret Howard — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active

MLS # 143359

Sold Date 1800-01-01

Property History

Aug 14, 2026

Listed for sale

$139,000

Property Overview

Lot Size 0.16 acres

Property Type UnimprovedLand

Subdivision Tahoe Paradise 54

County El Dorado

STR Jurisdiction El Dorado County

APN 035251009000

Exterior & Lot

View Mountain, Forest

Utilities & Systems

Heating None

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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build

322 sq ft covered of 1,747 sq ft allowed

1,424 sq ft of coverage still available to add.

Parcel Size

6,987 sq ft

Allowed Coverage

1,747 sq ft · 25%

Existing Coverage

322 sq ft · 5%

Addable Coverage

1,424 sq ft

IPES Score

929.0

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 ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($27,800)

Home price

$139,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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