$159,000 Active

2900 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.

About This Property

Corner lot in Christmas Valley area. At an expansive 10,019 square feet, this vacant land offers views of mountain andserene forest.With an IPES score of 981 and a generous 30% coverage allowance, this property presents a rare opportunity to build your custom home.Just steps away from Miles of Forest Service land down street.Strategically located. Just aprox 30 min away from Kirkwood, 20 min from Sierra at Tahoe, 15 min to Heavenly for the winter fun.

Listed by Timothy Cain — Coldwell Banker Select R.E.

Listing Details

Status Active

MLS # 143276

Sold Date 1800-01-01

Property History

Jul 28, 2026

Listed for sale

$159,000

Property Overview

Lot Size 0.00 acres

Property Type UnimprovedLand

Subdivision Christmas Valley 2

County El Dorado

STR Jurisdiction El Dorado County

APN 036423013000

📊

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

0 sq ft covered of 3,044 sq ft allowed

3,044 sq ft of coverage still available to add.

Parcel Size

10,157 sq ft

Allowed Coverage

3,044 sq ft · 30%

Existing Coverage

0 sq ft

Addable Coverage

3,044 sq ft

IPES Score

981.0

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($31,800)

Home price

$159,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

We'll contact you soon.

Real Estate Tahoe

Real Estate Agent

Send a Message

Explore Nearby Areas