$860,000 $960,000 ↓ $100,000 reduced Active
3724 Regina Road
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
2 Beds
·
2.0 Baths
·
1,320 Sq Ft
Virtual Tour

About This Property

Set against the unmatched backdrop of National Forest land, this refined Tahoe retreat offers two bedrooms and two baths, plus an incredible oversized primary suite loft with an en-suite bath and private balcony overlooking the surrounding forest. Situated on .28 acres, the property offers a rare blend of privacy, tranquility, and effortless connection to nature, with thoughtfully curated wood and natural stone finishes creating a warm yet sophisticated alpine aesthetic.Fully remodeled and offered turnkey furnished, the home is truly move-in ready. The interior features dual fireplaces and a well-designed layout ideal for both intimate relaxation and gathering. The expansive primary suite loft is a true retreat, complete with spa-inspired elements, natural stone finishes, its own bath, and a serene elevated ambiance. The additional bedrooms and full bath provide comfortable accommodations for family and guests.Recent improvements include a new roof, water heater, dishwasher, exterior trim paint, and split A/C in the primary suite for year-round comfort.The outdoor experience is equally compelling. A private hot tub and outdoor fireplace create an inviting setting for evenings under the Sierra sky, while the property's direct National Forest backing provides immediate access to trails and seemingly endless year-round recreation. For the truly adventurousand when snow and terrain conditions allowyou may even find yourself skiing from Heavenly through the forest and arriving right in your own backyard.A custom, life-size teepee adds an especially memorable Tahoe experience and is outfitted with beds, creating a one-of-a-kind place to sleep beneath the stars, host overnight guests, or simply embrace the property's adventurous mountain setting.Ideally located just a short 2-mile walk or bike ride to Heavenly Mountain Resort and only minutes from the shores of Lake Tahoe, this home provides effortless access to world-class skiing, hiking, biking, and lakefront amenities.Additional features include generous exterior storage, a large shed, and a snow blower for added convenience in every season.

Listed by Stephanie Griffith — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142666
Days on Market 164
Sold Date 1800-01-01
Price/Sq Ft $652

Property History

Apr 09, 2026
Listed for sale
$960,000
Jun 30, 2026
Price changed
$925,000
Jul 31, 2026
Price reduced
$895,000 $925,000 ↓ $30,000
Aug 25, 2026
Price reduced
$860,000 $895,000 ↓ $35,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2018 · county record $510,000 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 2
Baths 2.0
Sq. Ft. 1,320
Lot Size 0.28 acres
Year Built 1959
Property Type Single Family Residence
Style Split Level
Subdivision Ski Run Acres
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 030353009000
Parking
Parking Features None
Exterior & Lot
Exterior Features Spa/Hot Tub, Storage Shed, Bear-Proof Trash Can
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Stucco
Roof Composition, Shingle
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Cooling Other/See Remarks
Financial
Annual Tax $6,452
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$25K – $55K typically ~$40,000
~$3,333 per month
Avg Nightly
$206
Occupancy
53%
Cap Rate
1.9%

STR Investment Summary — 3724 Regina Road, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$25K – $55K
typically ~$40,000
Avg Nightly Rate
$206
Projected Occupancy
53.2%
Cap Rate
1.9%
Structural Score: 52 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for 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
3,454 sq ft covered of 2,398 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,988 sq ft
Allowed Coverage
2,398 sq ft · 20%
Existing Coverage
3,454 sq ft · 29%
Addable Coverage
0 sq ft
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% ($172,000)
Home price
$860,000
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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