$750,000 Active
3362 Cape Horn Road
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
·
1,977 Sq Ft
Virtual Tour

About This Property

Welcome to Bijou Pines, one of South Lake Tahoe's most historic neighborhoods. This legacy neighborhood delivers the classic Tahoe charm so many buyers dream about with tree lined streets and true four season mountain character. This home is a rare blend of history and modern function combining a classic 1940s cabin with a thoughtfully built 1980s addition, giving you authentic vintage charm alongside the convenience of updated, move in ready rooms. With 4 bedrooms and 2 bathrooms, there is comfortable space for everyone, whether this becomes your full-time South Lake Tahoe residence or your turnkey mountain escape.The location is unmatched, with a golf course just around the corner, Lakeview Commons and the Live at Lakeview summer concert series only a few blocks away, and the South Lake Tahoe Recreation Center just a couple of streets over. The grocery store is within easy reach, making provisioning effortless, and Heavenly Ski Resort, Heavenly Village, and Stateline are all just a few minutes drive. This truly is the ideal home base for all of your Tahoe adventures, from skiing in the winter to paddleboarding and lakeside concerts in the summer.The home features expansive decks with private access from the upstairs bedroom, perfect for morning coffee or evening stargazing. The beautifully landscaped yard includes an installed sprinkler system creating a low maintenance backyard oasis where you can escape the hustle of town and recharge for the next adventure. The garage is currently split into a workshop and storage area for all of your outdoor gear, with the flexibility to easily convert it back into a full one-car garage.Bijou Pines is one of South Lake Tahoe's few true legacy neighborhoods, prized by buyers seeking genuine local character paired with proximity to skiing, the lake, and downtown amenities. Don't miss this rare opportunity to own a piece of Tahoe history in one of the area's most desirable locations.

Listed by Dustin Allen — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143432
Days on Market 6
Sold Date 1800-01-01
Price/Sq Ft $379

Property History

Sep 14, 2026
Listed for sale
$750,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 1991 · county record $109,000 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. 1,977
Lot Size 0.11 acres
Year Built 1946
Property Type Single Family Residence
Style Gambrel
Subdivision Bijou Pines
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 027231043000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof Asphalt, Shingle, Metal
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
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
64
PROJECTED GROSS ANNUAL REVENUE
$40K – $75K typically ~$50,000
~$4,167 per month
Avg Nightly
$282
Occupancy
48%
Cap Rate
2.7%

STR Investment Summary — 3362 Cape Horn Road, 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.
Est. Gross Annual Revenue
$40K – $75K
typically ~$50,000
Avg Nightly Rate
$282
Projected Occupancy
48.5%
Cap Rate
2.7%
Structural Score: 64 / 100 (Premium) · STR Zone: Red

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

Over coverage limit
2,019 sq ft covered of 1,442 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,806 sq ft
Allowed Coverage
1,442 sq ft · 30%
Existing Coverage
2,019 sq ft · 42%
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 ↗

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% ($150,000)
Home price
$750,000
Loan details
30-yr fixed, 6.5%
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