$4,200,000 Active
710 Fallen Leaf 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.
4 Beds
·
4.0 Baths
·
2,858 Sq Ft
Virtual Tour

About This Property

Discover your own slice of alpine paradise on the pristine shores of Fallen Leaf Lake. This remarkable compound offers a unique opportunity to own a piece of nature's beauty, boasting breathtaking views of Fallen Leaf Lake and the majestic Mt. Tallac. Encompassing almost 13 acres of land, main home and two summer cabins with 65 feet of prime water frontage, this property is truly a mountain getaway like no other. The heart of this compound is the main house, a spacious 4-bedroom, 4-bathroom masterpiece, thoughtfully renovated to provide modern convenience and luxurious living. The chef's kitchen features Viking double ovens, two dishwashers, a charming breakfast nook, and ample storage space. This space seamlessly flows into the great room, where wood-beamed ceilings, a striking stone Rumford fireplace, a bar, and a separate den/office create a welcoming ambiance. Three sets of sliding doors open to the expansive wrap-around deck, offering mesmerizing sunset views over the lake. In addition to the main house, two cozy summer cabins are nestled on the property, providing privacy and comfort for guests. This home promises endless possibilities throughout the seasons, with a generator, hydronic floor heating, and winter water access to ensure comfort all year round. Park your boat at your Alaskan fir private dock, paddle your kayaks and SUPs up to your 20-foot side floating dock, or store them in the boathouse garage.

Listed by Jackie Arthur — Compass

Listing Details

Status Active
MLS # 142575
Days on Market 112
Sold Date 1800-01-01
Price/Sq Ft $1,470

Property History

Mar 26, 2026
Listed for sale
$4,200,000
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 2,858
Lot Size 12.90 acres
Year Built 2005
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 021331023000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Lake Front, Adjacent to Forest
View Mountains, Lake, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Propane, Wall or Space Heater, Fireplace, Radiant Heat-Floor
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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 — 710 Fallen Leaf Road, South Lake Tahoe

Est. Annual Revenue
$224,055
Avg Nightly Rate
$1915
Projected Occupancy
32.0%
Cap Rate
2.1%
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
10,837 sq ft covered of 5,656 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
565,592 sq ft
Allowed Coverage
5,656 sq ft · 1%
Existing Coverage
10,837 sq ft · 2%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($840,000)
Home price
$4,200,000
Loan details
30-yr fixed, 6.5%
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