$895,000 Active
2551 Cold Creek 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
·
2.0 Baths
·
1,430 Sq Ft

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About This Property

Light, Bright & Beautiful in Montgomery Estates!Discover exceptional value in one of South Lake Tahoe's most desirable neighborhoods! This inviting three-bedroom home combines mountain charm, thoughtful upgrades, and an unbeatable location.Step inside to a sun-filled living room featuring soaring vaulted ceilings, expansive windows, and a cozy gas fireplace insert that creates the perfect atmosphere for relaxing after a day of Tahoe adventures. The spacious kitchen offers timeless appeal with solid granite countertops, stainless steel appliances, and a generous pantry. Each of the three bedrooms features ample closet space and additional storage shelving.Recent improvements, including a brand-new roof and fresh exterior paint, add tremendous value and peace of mind! Step outside to a spacious back deck overlooking the large, fully fenced backyardideal for summer barbecues, entertaining friends, or simply enjoying the fresh mountain air.Outdoor enthusiasts will love the easy access to hundreds of acres of scenic trails, perfect for hiking, biking, and exploring Tahoe's spectacular natural surroundings.With its abundant natural light, numerous upgrades, generous outdoor living spaces, and sought-after Montgomery Estates location, this home offers an exceptional opportunity to embrace the Tahoe lifestyle. Mountain living at its best!

Listed by Ginger Nicolay-Davis — Compass

Listing Details

Status Active
MLS # 143573
Days on Market 1
Price/Sq Ft $626

Property History

Oct 12, 2026
Listed for sale
$895,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2021 · county record $785,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,430
Lot Size 0.28 acres
Year Built 1975
Property Type Single Family Residence
Style Contemporary
Subdivision Lake Christopher
County El Dorado
STR Jurisdiction El Dorado County
APN 025432008000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
67
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 — 2551 Cold Creek 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: 67 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,502 sq ft covered of 2,479 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,397 sq ft
Allowed Coverage
2,479 sq ft · 20%
Existing Coverage
2,502 sq ft · 20%
Addable Coverage
0 sq ft
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

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$3,400 – $3,900/yr
about $304/mo
Est. Rebuild Cost (Coverage A)
$600,600
FAIR Plan (fire)
$2,800/yr
DIC wrap (theft, water, liability)
$600 – $1,100/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$5,646 per month
Principal & interest
$4,526/mo
Property taxes
$816/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
$304/mo
CA FAIR Plan + DIC estimate, ~$3,400–$3,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($179,000)
Home price
$895,000
Loan details
30-yr fixed, 6.5%
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