$275,000 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
3737 Terrace Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
5 Beds
·
3,168 Sq Ft
Virtual Tour

About This Property

New co-ownership opportunity by Pacaso: Own one-eighth of The Redwood, a professionally managed, turnkey home. Three-level home with extensive interior and exterior updates, surrounded by mature natural landscaping. Exterior improvements include redwood and slate siding accents, IPE and slate decking, redwood railings, and a metal roof. Interior features include oak and mahogany flooring throughout. The top level features a great room with a living area, floor-to-ceiling concrete fireplace, and access to a large slate deck. The kitchen includes quartz countertops and opens to the dining area with wood ceilings and exposed rafters. The middle level includes the main entry, a family/flex room, three bedrooms, and two bathrooms. The lower level includes two en-suite bedrooms and a laundry room. Bathrooms feature porcelain and marble tilework with heated floors. One en-suite bedroom offers direct access to a deck and hot tub area. Home is being offered furnished and professionally decorated.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20260891
Days on Market 91
Price/Sq Ft $87

Property History

May 20, 2026
Listed for sale
$275,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2021 · county record $1,695,000 Deed record — brokerage sides not reported
Jul 2025 $265,000 (-84%) Joseph MaehlerPacaso, Inc. Joseph MaehlerPacaso, Inc.

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 5
Sq. Ft. 3,168
Year Built 1967
Property Type Timeshare
Style Other
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028051010000
Parking
Parking Features Carport, Other, Parking Pad
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s)
Utilities & Systems
Cooling Air Conditioning
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,709 sq ft covered of 102 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,160 sq ft
Allowed Coverage
102 sq ft · 1%
Existing Coverage
1,709 sq ft · 17%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 2
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% ($55,000)
Home price
$275,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message