$3,850,000 Active
3771 S Upper Truckee Road
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.
5 Beds
·
5.0 Baths
·
5,152 Sq Ft

About This Property

Some homes make an impression before you ever step inside. Here, it happens the moment you open the car door and hear the sound of moving water. Fed from Echo Summit, a waterfall greets you near the front entry, spills into a stream that runs through the property, passes beneath a small arched bridge, and continues toward the Upper Truckee River along the rear grounds. Set on 1.63 acres where the road narrows and the forest begins to take over, this custom Tahoe estate offers a setting that feels almost impossible to recreate in the basin. National Forest borders the area nearby, creating the rare feeling of being tucked deep into the mountains while still staying connected to Meyers, South Lake Tahoe, skiing, trails, and everyday conveniences.The home itself carries real mountain presence. Custom cedar siding, aluminum-clad wood windows, true arch details, heavy timber accents, radiant hydronic heat, rich hardwood flooring, and extensive stonework give the property a sense of permanence from the moment you arrive. A dramatic two-story foyer sets the tone with floor-to-ceiling stone, exposed beams, and a grand double-door entry. From there, the great room opens around a massive stone fireplace with built-ins, a custom office area, and views back toward the waterfall. The kitchen feels more like a lodge gathering space than a standard kitchen, featuring alder cabinetry, commercial-grade appliances, a custom hood, pot filler, natural slab counters, and a stone archway connecting the dining area to the river-facing deck.The outdoor spaces are designed for long Tahoe days, lively weekends, and quiet mornings where the soundtrack is simply moving water. The circular driveway can accommodate a crowd, the oversized three-car garage includes a workshop area, and the rear grounds unfold into expansive paver patios, mature landscaping, outdoor dining space, a wood-burning fire pit, putting green, horseshoe pit, and a custom gazebo with hand-distressed beams over the hot tub. The upper deck overlooks the river corridor, while the lower patio connects back to the indoor pool, family room, and bunk room.With five bedrooms, five baths, multiple suites, two laundry rooms, an upstairs bar and billiards area, a lower family room with another stone fireplace, and an indoor pool wrapped in stone and wood finishes, this is more than a large Tahoe home. It is a fully realized mountain retreat, offered with a level of setting, scale, craftsmanship, and turnkey character that would be extraordinarily difficult to duplicate today.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142972
Sold Date 1800-01-01
Price/Sq Ft $747

Property History

May 23, 2026
Listed for sale
$3,850,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 5,152
Lot Size 16.30 acres
Year Built 2012
Property Type Single Family Residence
Style Split Level
Subdivision Grass Lake Creek 1
County El Dorado
STR Jurisdiction El Dorado County
APN 036370010000
Parking
Garage Spaces 3
Attached Garage Yes
Exterior & Lot
Exterior Features Other/See Remarks
Lot Features Adjacent to Forest, River Front
Construction Wood Frame, Wood Siding, Rock
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Electric, 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 — 3771 S Upper Truckee Road, South Lake Tahoe

Est. Annual Revenue
$146,718
Avg Nightly Rate
$1254
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 73 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($770,000)
Home price
$3,850,000
Loan details
30-yr fixed, 6.5%
Request a Tour
A
Real Estate Tahoe
Real Estate Agent

Send a Message