$1,148,000 Active
1232 Ute Street
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
·
2.0 Baths
·
3,310 Sq Ft

About This Property

Motivated Sellers, Major Price Improvement, Strong Value in South Lake Tahoe!! Extensively reimagined through a 2012 remodel/rebuild, this home lives like a much newer property, offering updated systems, modern finishes, and a flexible layout well-suited for Tahoe living. Recent significant price improvement positions this as one of the best value opportunities currently available in the South Lake Tahoe/Meyers market. Designed for indoor-outdoor enjoyment, the property features a fully fenced landscaped yard with hot tub, fire pit, lawn space, and a large lighted deck. A rooftop terrace captures mountain views for sunrise and sunset enjoyment. Interior highlights include vaulted great room, wood-burning stove, custom wet bar, pool table, and a chef's kitchen with quartz countertops and oversized island. Three bedrooms plus flexible office/den provide adaptable use for full-time living, vacation, or hosting. Located in desirable Meyers near trails, lake access, parks, and dining, while maintaining a quiet mountain setting minutes from South Lake Tahoe. Turnkey condition, strong amenities, and newly improved pricing make this a standout value in today's market you won't want to miss!

Listed by Stephanie Breiling — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 142422
Days on Market 125
Sold Date 1800-01-01
Price/Sq Ft $347

Property History

Jan 02, 2026
Listed for sale
$1,148,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 3,310
Lot Size 0.33 acres
Stories 2
Year Built 1958
Property Type Single Family Residence
Subdivision Tahoe Paradise 3
County El Dorado
STR Jurisdiction El Dorado County
APN 034221041000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Storage Shed
Construction Wood Frame,Masonry
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 1232 Ute Street, South Lake Tahoe

Est. Annual Revenue
$68,665
Avg Nightly Rate
$500
Projected Occupancy
37.5%
Cap Rate
2.4%
Structural Score: 58 / 100 (Premium) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($229,600)
Home price
$1,148,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373