$459,000 $499,000 ↓ $40,000 reduced Active
654 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.
2 Beds
·
1.5 Baths
·
851 Sq Ft

About This Property

Located on a Beautiful County Lot! This single-story 2-bedroom, 1.5-bath 2 home sits on a generous 10,454 sq ft fully fenced lot, offering endless potential for the handy man buyer. A slider off the dining area opens to a large back deck and expansive yard ideal for gardening, entertaining, or future additions. Nestled on a quiet, desirable street with miles of hiking and biking trails.

Listed by Pamela Belli — Coldwell Banker Select - LTB

Listing Details

Status Active
MLS # 141923
Days on Market 398
Sold Date 1800-01-01
Price/Sq Ft $539

Property History

Jul 10, 2025
Listed for sale
$459,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 1998 · county record $115,000 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.

Property Overview
Beds 2
Baths 1.5
Sq. Ft. 851
Lot Size 0.24 acres
Year Built 1961
Property Type Single Family Residence
Style Ranch
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 033835002000
Exterior & Lot
View Forest
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
📊

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 — 654 Tehama Drive, South Lake Tahoe

Est. Annual Revenue
$41,645
Avg Nightly Rate
$209
Projected Occupancy
54.5%
Cap Rate
3.6%
Structural Score: 43 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,585 sq ft covered of 525 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,506 sq ft
Allowed Coverage
525 sq ft · 5%
Existing Coverage
1,585 sq ft · 15%
Addable Coverage
0 sq ft
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% ($91,800)
Home price
$459,000
Loan details
30-yr fixed, 6.5%
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