$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. Permits are available citywide.
5 Beds
·
3,168 Sq Ft
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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
Price/Sq Ft $87

Property History

May 20, 2026
Listed for sale
$275,000
Property Overview
Beds 5
Sq. Ft. 3,168
Stories 3
Year Built 1967
Property Type Residential
Style Other
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 028051010000
Parking
Parking Features Carport
Exterior & Lot
Exterior Features Hot Tub,Air Conditioning
View Wooded,Mountain
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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 — 3737 Terrace Drive, South Lake Tahoe

Est. Annual Revenue
$74,235
Avg Nightly Rate
$794
Projected Occupancy
25.2%
Cap Rate
10.8%
Structural Score: 57 / 100 (Premium) · STR Zone: Yellow

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($55,000)
Home price
$275,000
Loan details
30-yr fixed, 6.5%
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