$459,000 $499,000 ↓ $40,000 reduced Active Under Contract
654 Tehama Drive
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — 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 Under Contract
MLS # 141923
Days on Market 445
Sold Date 1800-01-01
Price/Sq Ft $539

Property History

Jul 10, 2025
Listed for sale
$499,000
Sep 12, 2026
Pending
$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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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

Red Zone
STRUCTURAL SCORE Standard
43
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.

STR Investment Summary — 654 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.
Structural Score: 43 / 100 (Standard) · STR Zone: Red

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 ↗ How the Basin compares

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

$3,090 per month
Principal & interest
$2,321/mo
Property taxes
$419/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$350/mo
CA FAIR Plan + DIC estimate, ~$3,500–$4,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($91,800)
Home price
$459,000
Loan details
30-yr fixed, 6.5%
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