$18,500,000 Active
1639 Sherman Way
South Lake Tahoe, CA 96150

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✗ 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.
17 Beds
·
17.5 Baths
·
16,500 Sq Ft
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Our data on this home

About This Property

An Icon at Altitude - Gunbarrel Lodge - - A true titan among Tahoe's most exclusive estates, this iconic alpine retreat sprawls across 15 private acres directly adjacent to Heavenly Ski Resort. As the only ski-in/ski-out residence on the California side of the mountain, its position is unmatched---and so are the panoramic lake and mountain views that stretch endlessly from every vantage point. - - A winding, gated approach leads to a striking porte-cochere and a six-car garage, topped by a four-bedroom guest residence complete with gourmet kitchen, expansive great room, covered outdoor dining, and a rooftop lounge with hot tub, fireplace, and unfiltered vistas of the basin. The compound itself delivers nearly 17,000 square feet of refined mountain living across two structures, offering 17 bedrooms and 18 baths, each appointed with sophisticated comfort and style. - - Inside, rustic grandeur meets modern craftsmanship. Soaring ceilings of reclaimed timber, circular-sawn hardwood floors with radiant heat, and hand-laid stonework create a richly textured ambiance throughout. The great room stuns with a glass wall that perfectly frames the lake, flooding the space with light and alpine energy. - - Culinary ambitions are met with a professional-grade kitchen featuring a 60-inch range, dual islands with natural-edge quartzite, a fully equipped butler's pantry, and generous custom cabinetry. Outdoor living is equally prioritized---multiple expansive decks offer built-in grills, fire features, and lounge areas that invite unforgettable gatherings under open skies. - - Entertainment options span from a fully-loaded game lounge with multiple TVs, billiards, shuffleboard, and poker tables, to a tiered home theater and a 500-square-foot indoor pool suite, complete with steam room, sauna, and fireplace. - - This rare legacy compound includes 12 fireplaces, air conditioning, forced-air heat, backup generator, three laundry areas, and comes turnkey furnished. With a proven rental track record and a pedigree that includes appearances on global television, it offers not only an extraordinary place to live---but a brand of its own.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 141900
Days on Market 478
Price/Sq Ft $1,121

Property History

Jul 01, 2025
Listed for sale
$18,500,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2019 · county record $12,100,000 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 17
Baths 17.5
Sq. Ft. 16,500
Lot Size 15.34 acres
Year Built 2017
Property Type Single Family Residence
Style Contemporary
Subdivision Heavenly Valley Village
County El Dorado
STR Jurisdiction El Dorado County
APN 030421002000
Parking
Garage Spaces 6
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Lot Features Adjacent to Forest
View Mountains, Meadow, Lake, Forest, Ski Resort
Construction Wood Frame, Wood Siding, Rock
Roof Pitched, Asphalt, Composition
Foundation Concrete/Crawl Space, Slab
Pool & Spa
Pool Indoor Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Radiant Heat-Floor
Cooling Central Refrig. A/C
📊

STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
46,748 sq ft covered of 6,694 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
669,441 sq ft
Allowed Coverage
6,694 sq ft · 1%
Existing Coverage
46,748 sq ft · 7%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a
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

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$50,600 – $59,100/yr
about $4,571/mo
Est. Rebuild Cost (Coverage A)
$9,075,000
FAIR Plan (fire)
$42,200/yr
DIC wrap (theft, water, liability)
$8,400 – $16,900/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$114,992 per month
Principal & interest
$93,546/mo
Property taxes
$16,875/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
$4,571/mo
CA FAIR Plan + DIC estimate, ~$50,600–$59,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($3,700,000)
Home price
$18,500,000
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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