$948,000 Active
3655 Memory Lane
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.
4 Beds
·
2.0 Baths
·
2,108 Sq Ft

About This Property

Few South Lake Tahoe properties offer this remarkable combination of sunshine, space, recreation, and future potential. Set on more than one-half acre with a rare street-to-street location this mountain retreat is highlighted by an extraordinary workshop with approximately 1,000 SF of space along with the home's attached 2 car garage is a rare opportunity in today's Tahoe market.Located on the sunny side of the street in highly desirable Christmas Valley, this inviting home captures everything homeowners love about Tahoe living. Surrounded by mountain pines and calming views, the property enjoys abundant sunshine, exceptional privacy, and immediate access to one of the region's most spectacular outdoor playgrounds.Located at the gateway to Echo Summit and Luther Pass, adventure begins just outside your front door. A short walk leads to the Upper Truckee River where one can enjoy fly fishing, hiking or cooling off in its crystal-clear waters. Mountain biking enthusiasts will appreciate being minutes from legendary rides including Christmas Valley Trail, Mr. Toad's Wild Ride, and miles of scenic hiking. During the winter months, nearby cross-country skiing, snowshoeing, and convenient access to both Heavenly Mountain Resort and Kirkwood Mountain Resort make this an exceptional year-round destination.Inside, the home welcomes you with warm mountain character and thoughtful design. Rich hardwood flooring extends through the entry, kitchen, dining area, and custom office, while a floor-to-ceiling river rock hearth with a freestanding wood-burning stove creates an unforgettable centerpiece and the perfect place to gather after a day outdoors.The flexible floor plan offers three comfortable bedrooms plus a beautifully designed office featuring custom built-in cabinetry and desk. Easily converted into a fourth bedroom, the office provides valuable flexibility for guests, growing families, or those working remotely. Step outside onto expansive decks, where morning coffee and evening sunsets are enjoyed against a backdrop of beautiful mountain scenery.AND WOW! An impressive approximately 1,000-square-foot workshop opens the door to possibilities rarely found in the Tahoe Basin. Whether you're a craftsman, artist, collector, woodworker, automotive enthusiast, or simply need exceptional storage, this remarkable space is ready to accommodate your vision. To help illustrate its versatility, photos of the workshop have been virtually reimagined as a beautiful Tahoe-inspired carriage house, showcasing one possible future use. (Buyers are encouraged to verify ADU potential and permitted uses with the appropriate agencies.) Along with this amazing shop is a 2 car garage attached to the home. Whether your dream is a guest retreat, creative studio, home office, recreation room, fitness space, or simply one of the finest workshops in the Sierra, this extraordinary property provides the flex

Listed by Donald Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143126
Sold Date 1800-01-01
Price/Sq Ft $450

Property History

Jul 02, 2026
Listed for sale
$948,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,108
Lot Size 0.57 acres
Year Built 1983
Property Type Single Family Residence
Style Contemporary
Subdivision South Gate 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036462008000
Parking
Garage Spaces 2
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
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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 — 3655 Memory Lane, South Lake Tahoe

Est. Annual Revenue
$52,097
Avg Nightly Rate
$521
Projected Occupancy
27.5%
Cap Rate
2.2%
Structural Score: 70 / 100 (Premium) · 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% ($189,600)
Home price
$948,000
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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