$639,000 Active
2935 Lakewood Circle
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
4 Beds
·
2.0 Baths
·
1,680 Sq Ft

About This Property

Location, location! Here is your opportunity to own in the highly desirable neighborhood of Highland Woods. This 4 bedroom 2 bath chalet with an attached 2 car garage is situated on a quiet street and features vaulted, open beam, wood ceilings, updated kitchen, double pane, low-e vinyl windows and a new heater installed Nov '23. Downstairs you will find the living room, kitchen, dining area, two large bedrooms and a full bath with laundry area. Upstairs, two large bedrooms with soaring ceilings and a bathroom with a stall shower. With some updates and finishing touches, you will have instant equity and a home perfectly tailored to your taste. Highland Woods is highly sought after for its central location, and it is one of the few neighborhoods with underground utilities. Bordering a nearby trailhead that provides easy access to the National Forest and Upper Truckee Marsh, and the paved bike path that leads directly to the lake. Easy access to shopping, restaurants, skiing, casinos and the beautiful beaches of South Lake Tahoe.

Listed by Cynthia MacLean — Compass

Listing Details

Status Active
MLS # 143530
Days on Market 3
Sold Date 1800-01-01
Price/Sq Ft $380

Property History

Sep 25, 2026
Listed for sale
$639,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 1992 · county record $134,000 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 4
Baths 2.0
Sq. Ft. 1,680
Lot Size 0.15 acres
Year Built 1972
Property Type Single Family Residence
Subdivision Highland Woods (Res) 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031323007000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
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
66
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 — 2935 Lakewood Circle, 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: 66 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,227 sq ft covered of 1,950 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,500 sq ft
Allowed Coverage
1,950 sq ft · 30%
Existing Coverage
2,227 sq ft · 34%
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

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

$4,497 per month
Principal & interest
$3,231/mo
Property taxes
$583/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
$683/mo
CA FAIR Plan + DIC estimate, ~$6,900–$9,500/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($127,800)
Home price
$639,000
Loan details
30-yr fixed, 6.5%
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