$1,649,000 Active
2675 Miller Street
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
4 Beds
·
3.5 Baths
·
2,853 Sq Ft

About This Property

Stunning brand new construction situated at the end of a cul-de-sac and siding the Trout Creek Meadow, offering the ideal location for year-round mountain enjoyment. The functional floor plan has a beautiful great room, centered by a gas fireplace, with soaring ceilings and picture windows to let the light and forest surroundings in. The kitchen opens to the large deck and has custom cabinets, top-of-the-line appliances and a spacious island. Down the hall sits a powder room, one of the primary suites, the laundry and two-car-garage. Upstairs, there is a second living space, an additional primary suite with a private deck, two more bedrooms and a full bathroom. With the bike path out the door, and just minutes to world-class skiing, the beaches and all that South Shore has to offer, this home is a must see!

Listed by Chris Hernandez — Compass

Listing Details

Status Active
MLS # 143386
Sold Date 1800-01-01
Price/Sq Ft $578

Property History

Aug 21, 2026
Listed for sale
$1,649,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,853
Lot Size 0.19 acres
Year Built 2026
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031252004000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Lot Features Cul-De-Sac, Adjacent to Meadow
View Mountains, Meadow, Forest
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

Yellow Zone
STRUCTURAL SCORE Luxury
76
PROJECTED GROSS ANNUAL REVENUE
$54K – $87K typically ~$70,773
~$5,898 per month
Avg Nightly
$404
Occupancy
48%
Cap Rate
1.7%

STR Investment Summary — 2675 Miller Street, South Lake Tahoe

Est. Gross Annual Revenue
$54K – $87K
typically ~$70,773
Avg Nightly Rate
$404
Projected Occupancy
47.9%
Cap Rate
1.7%
Structural Score: 76 / 100 (Luxury) · STR Zone: Yellow

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

Room to build
0 sq ft covered of 2,426 sq ft allowed
2,426 sq ft of coverage still available to add.
Parcel Size
8,086 sq ft
Allowed Coverage
2,426 sq ft · 30%
Existing Coverage
0 sq ft
Addable Coverage
2,426 sq ft
IPES Score
950.0
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
$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

$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.
Down payment
20% ($329,800)
Home price
$1,649,000
Loan details
30-yr fixed, 6.5%
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