$920,000 Active
1029 Modoc Way
City of South Lake Tahoe, CA 95160
✗ 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
·
2.0 Baths
·
2,030 Sq Ft

About This Property

Discover refined mountain living in this beautifully remodeled 4-bedroom, 2-bath residence located in the highly sought-after Meyers area. Warm tongue-and-groove pine accents, recessed lighting, and an inviting living and dining area create an elevated alpine ambiance, while a handsome hardwood staircase leads to the upper level. Two upstairs bedrooms feature vaulted ceilings, including one with a charming loft space ideal for play, reading, or creative use. Step outside to the expansive back deck and enjoy summer evenings with music drifting from the nearby park, effortless access to the popular farmers market and local events, and stunning sunset views with Mount Tallac in the distance. A rare blend of comfort, character, and convenience in one of South Lake Tahoe’s most sought after mountain communities.

Listed by Matthew Biscotti — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019078
Days on Market 26
Price/Sq Ft $453

Property History

Jul 29, 2026
Listed for sale
$920,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2022 · county record $875,000 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 4
Baths 2.0
Sq. Ft. 2,030
Lot Size 0.25 acres
Stories 2
Year Built 1979
Property Type Single Family Residence
County El Dorado
STR Jurisdiction El Dorado County
APN 034-382-013-000
Parking
Garage Spaces 2
Parking Features Two Car Garage,Gated
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Storage
Lot Features Corner Lot,Level
View Trees/Woods
Roof Metal,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $11,303
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
49
PROJECTED GROSS ANNUAL REVENUE
$42K – $71K typically ~$47,509
~$3,959 per month
Avg Nightly
$268
Occupancy
48%
Cap Rate
2.1%

STR Investment Summary — 1029 Modoc Way, City of South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$42K – $71K
typically ~$47,509
Avg Nightly Rate
$268
Projected Occupancy
48.5%
Cap Rate
2.1%
Structural Score: 49 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for City of 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
3,290 sq ft covered of 108 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,780 sq ft
Allowed Coverage
108 sq ft · 1%
Existing Coverage
3,290 sq ft · 31%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
5
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% ($184,000)
Home price
$920,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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