$975,000 Active
2990 State Highway 89
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
·
1,545 Sq Ft

About This Property

Rare South Lake Tahoe property wrapped by over 300 feet of frontage with the Upper Truckee River! Relax on this nearly 3/4 acre parcel and take in the amazing setting from the huge redwood deck - incredible views of Echo Summit above and the natural beauty and sounds of the river below. The well-maintained single-level house with attached garage rounds out a situation for full enjoyment of the mountains. This 3 bedroom, two bath home has one thoughtful feature after another including passive solar, an on-demand water heater, generator, bathrooms with heated flooring, granite counters, and cherry cabinets. The property is fenced with a drive-thru gate in the front and with a gate along the riverbank in the back. Plenty of parking space for multiple vehicles. Meyers is just a few miles away with the convenience of restaurants, a grocery store, and bars. World class skiing and riding are less than 20 minutes away at Heavenly and Sierra-at-Tahoe, or just over a half-hour away at higher altitude Kirkwood. The excitement of Stateline, Nevada is also just 11 miles away! Make your appointment today to see this wonderful all seasons property.

Listed by Matthew Lucksinger — Lake Valley Properties

Listing Details

Status Active
MLS # 143213
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $631

Property History

Aug 01, 2026
Listed for sale
$975,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2000 · county record $350,000 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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,545
Lot Size 0.73 acres
Year Built 1975
Property Type Single Family Residence
Style Ranch
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036380029000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest, River Front
View Mountains, River, Forest
Construction Wood Frame, Masonry Veneer
Roof Pitched, Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

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 — 2990 State Highway 89, South Lake Tahoe

Est. Annual Revenue
$42,899
Avg Nightly Rate
$228
Projected Occupancy
51.6%
Cap Rate
1.8%
Structural Score: 64 / 100 (Premium) · STR Zone: Red

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,011 sq ft covered of 2,179 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
32,662 sq ft
Allowed Coverage
2,179 sq ft · 7%
Existing Coverage
4,011 sq ft · 12%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 5
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 ↗

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% ($195,000)
Home price
$975,000
Loan details
30-yr fixed, 6.5%
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