$715,000 Active
2744 Santa Claus Drive
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.
3 Beds
·
2.0 Baths
·
1,248 Sq Ft

About This Property

Welcome to Christmas Valley, one of South Lake Tahoe's most beloved neighborhoods, where the spirit of the holidays lives year-round along charming streets such as Santa Claus Drive, St. Nick Way, Reindeer Way, Elf Lane, and Snowflake Drive.This beautifully remodeled single-story home offers 3 bedrooms, 2 bathrooms, and a 2-car garage, showcasing thoughtful design, exceptional craftsmanship, and pride of ownership throughout. Rich solid hardwood flooring, custom white oak cabinetry, and quality finishes create a warm and inviting mountain retreat.The spacious Great Room features vaulted ceilings and a TRPA-approved wood stove set on a stunning natural stone hearth, creating the perfect gathering space after a day of adventure. Sunlight fills the dining area, where views of Echo Summit and blooming lilacs provide a picturesque backdrop throughout the seasons.The beautifully updated kitchen is equipped with stainless steel appliances, a gas cooktop with griddle, and an efficient Zephyr stainless steel range hood. Custom built-ins enhance each bedroom, while both bathrooms have been tastefully remodeled with marble countertops and custom tile flooring. The primary bath features heated floors, and the hall bath offers a deep soaking tub perfect for relaxing after skiing, hiking, or mountain biking.Outside, the naturally landscaped backyard is fully fenced and includes a side gate for easy access to recreational vehicles and outdoor gear. A storage shed is included, and the private deck off the primary suite is already wired for a future hot tub. For added peace of mind, the home also features a professionally installed bear-deterrent wiring system.Outdoor recreation begins right across the street, with miles of National Forest trails to explore. Just across Highway 89, a scenic branch of the Truckee River winds through groves of beautiful aspen trees. Within minutes, you'll find local cafs, a full-service market, two golf courses, and Tahoe Paradise Park, home to a popular summer farmers market.In less than 20 minutes, enjoy all that Lake Tahoe has to offerfrom beaches and boating to world-class skiing at Heavenly, entertainment and dining at Stateline, and events at the Lake Tahoe Event Center. Additional ski resorts, including Kirkwood and Sierra-at-Tahoe, are also within easy reach.Whether you're searching for a full-time residence, your first home, or the perfect Tahoe getaway, this exceptional Christmas Valley property offers the mountain lifestyle you've been dreaming of.P.S. Bear Electric Wire is ON. See Agent Remarks.

Listed by Pamela Francis — Compass

Listing Details

Status Active
MLS # 143000
Days on Market 9
Sold Date 1800-01-01
Price/Sq Ft $573

Property History

May 29, 2026
Listed for sale
$715,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,248
Lot Size 0.23 acres
Stories 1
Year Built 1982
Property Type Single Family Residence
Style Ranch
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036412007000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
View Mountains,Forest
Construction Wood Frame,Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Radiant Heat-Floor
Cooling Forced Air,Natural Gas,Radiant Heat-Floor
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 2744 Santa Claus Drive, South Lake Tahoe

Est. Annual Revenue
$43,245
Avg Nightly Rate
$316
Projected Occupancy
38.4%
Cap Rate
2.4%
Structural Score: 76 / 100 (Luxury) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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% ($143,000)
Home price
$715,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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