$1,195,000 Active
608 Tehama Drive
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
·
2.5 Baths
·
2,066 Sq Ft

About This Property

Fully engineered and permitted plans are ready to expand this Tahoe retreat by approximately 1,160 sq ft, adding a new upper-level primary suite plus flexible lower-level office, storage and full bath space off the garage. Plans available for review. Set on a large, level lot surrounded on 3 sides by US Forest Service and Tahoe conservation lands, the property offers exceptional privacy with National Forest access and an extensive trail network just a short walk away. Cedar siding, hand-peeled log accents and mature pines set the mountain tone, while multi-level redwood decks create outstanding outdoor living with a well-maintained Sundance spa, hard-piped natural gas fire pit beneath an old ski chair, fenced dog run, landscape lighting and upper entertaining deck. Inside, vaulted ceilings and expansive glass frame the forest setting. The great room centers around a floor-to-ceiling river-rock fireplace and opens to dining and a spacious kitchen with granite counters, updated stainless KitchenAid appliances, generous island seating and a separate bar with 48-inch wine and beverage refrigerator. The existing primary suite features a 2-sided fireplace, walk-in closet, dual vanities, jetted tub and separate shower. A 4-bedroom layout, downstairs family room with direct deck and backyard access, 3 gas fireplaces, hardwood flooring, 8-foot doors upstairs, Lutron smart switches, Ecobee controls, 200-amp service, EV-ready wiring and an oversized 2-car garage with built-in ski storage, heavy-duty shelving, refrigerator and freezer space complete an exceptionally well-rounded Tahoe getaway. Select furnishings and decor may be available.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 143514
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $578

Property History

Sep 19, 2026
Listed for sale
$1,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2020 · county record $700,000 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 2.5
Sq. Ft. 2,066
Lot Size 0.24 acres
Year Built 2002
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise 21
County El Dorado
STR Jurisdiction El Dorado County
APN 033381011000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed, Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Asphalt, Composition
Foundation Concrete/Crawl Space
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
73
PROJECTED GROSS ANNUAL REVENUE
$40K – $75K typically ~$50,000
~$4,167 per month
Avg Nightly
$285
Occupancy
48%
Cap Rate
1.7%

STR Investment Summary — 608 Tehama Drive, 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
$285
Projected Occupancy
48.0%
Cap Rate
1.7%
Structural Score: 73 / 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
2,353 sq ft covered of 532 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,648 sq ft
Allowed Coverage
532 sq ft · 5%
Existing Coverage
2,353 sq ft · 22%
Addable Coverage
0 sq ft
IPES Score
875.0
Land Capability · TRPA-verified
IPES
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% ($239,000)
Home price
$1,195,000
Loan details
30-yr fixed, 6.5%
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