$465,000 Active
760 Seneca 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.
3 Beds
·
1.0 Baths
·
1,104 Sq Ft

About This Property

Discover an exceptional opportunity to create your dream mountain retreat on a large, sunny south-facing lot in one of Meyers' most desirable locations. Offering abundant natural light and plenty of space to bring your vision to life, this property is conveniently located just minutes from the Meyers community and Paradise Park, providing the perfect balance of peaceful mountain living with easy access to local restaurants, shops, schools, and year-round recreation.The existing 3-bedroom, 1-bath A-frame was masterfully custom designed in the 1960s and reflects the unique craftsmanship and architectural style of its era. While the home is ready for its next chapter, it presents an incredible opportunity for those with vision. Whether you choose to thoughtfully renovate and preserve its character or start fresh with a custom mountain retreat, the possibilities are truly endless.The expansive lot provides ample space to reimagine the property with modern amenities, outdoor living areas, or a completely new residence designed to maximize the exceptional setting. Large, south-facing parcels in this highly desirable neighborhood are increasingly difficult to find, making this a rare opportunity to build lasting value.Bring your imagination and transform this property into something extraordinary. Whether you're an investor, builder, or buyer searching for the perfect canvas to create a legacy home, this is your chance to unlock the full potential of an incredible piece of Tahoe real estate.

Listed by Shannon Witt — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143106
Sold Date 1800-01-01
Price/Sq Ft $421

Property History

Jun 26, 2026
Listed for sale
$465,000
Property Overview
Beds 3
Baths 1.0
Sq. Ft. 1,104
Lot Size 0.39 acres
Year Built 1961
Property Type Single Family Residence
Style A-Frame
Subdivision Tahoe Paradise 22
County El Dorado
STR Jurisdiction El Dorado County
APN 033414005000
Exterior & Lot
Exterior Features Storage Shed
View Forest
Construction Wood Frame
Roof Pitched, Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
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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 — 760 Seneca Drive, South Lake Tahoe

Est. Annual Revenue
$37,939
Avg Nightly Rate
$276
Projected Occupancy
38.7%
Cap Rate
3.3%
Structural Score: 45 / 100 (Standard) · 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
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% ($93,000)
Home price
$465,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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