$1,029,000 Pending
2367 Wasabe 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.
4 Beds
·
2.5 Baths
·
2,752 Sq Ft

About This Property

Nestled in the heart of Christmas Valley, you'll discover a truly breathtaking property awaiting its new inhabitants. Imagine gathering in a living room designed for grand aspirations, where the eye is drawn upwards by magnificent beamed, high, and vaulted ceilings, creating an expansive and airy atmosphere. A cozy fireplace stands ready to provide warmth and ambiance, inviting moments of quiet enjoyment or lively conversation. The kitchen, a delightful hub for culinary creativity and joyous gatherings, boasts a stylish backsplash that adds a touch of flair. With a generous kitchen bar and a truly large kitchen island, there is abundant space for preparing delectable treats or simply sharing stories over coffee. The sophisticated stone countertops complement the sleek shaker cabinets, presenting a vision of both beauty and practical design. This spiral staircase is a fan favorite from young to old! Indulge in a bathroom experience where daily routines transform into refreshing rituals, featuring a beautifully designed tiled walk in shower, offering a spacious and invigorating beginning or end to your day. Beyond the interiors, this home embraces an open floor plan that encourages effortless movement and a sense of freedom throughout the living spaces. Practicality meets comfort with a dedicated laundry room, simplifying daily tasks. Outdoor delights abound with a charming patio, a spacious deck perfect for sun-drenched afternoons, and a serene balcony offering a private retreat. A thoughtfully fenced backyard provides a secure and inviting area for outdoor enjoyment and relaxation. This home captures breathtaking mountain views from every angle! This home is conveniently just 13 minutes from South Lake Tahoe's casinos, beaches and short drive to ski resorts such as Heavenly, Sierra-at-Tahoe and Kirkwood! And don't forget the short drive to the natural hot springs! This attractive property offers a harmonious blend of refined living and delightful outdoor spaces, poised to become the backdrop for your cherished memories.

Listed by Christy Press — Wesley & Associates

Listing Details

Status Pending
MLS # 142600
Days on Market 55
Sold Date 1800-01-01
Price/Sq Ft $374

Property History

Mar 13, 2026
Listed for sale
$1,029,000
Current
Pending
$1,029,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,752
Lot Size 0.17 acres
Year Built 2004
Property Type Single Family Residence
Style Split Level
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 035233015000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains
Construction Wood Frame
Roof Composition,Shake
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Fireplace
Cooling Forced Air,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 2367 Wasabe Drive, South Lake Tahoe

Est. Annual Revenue
$72,043
Avg Nightly Rate
$704
Projected Occupancy
29.1%
Cap Rate
2.8%
Structural Score: 61 / 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% ($205,800)
Home price
$1,029,000
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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