$1,225,000 Active
1520 Cherry Hills Circle
South Lake Tahoe, CA 96150
✗ STR Not Currently Allowed — Waitlist
El Dorado County has paused new STR permits. A waitlist is in place — no new permits are being issued at this time.
4 Beds
·
2.5 Baths
·
2,678 Sq Ft

About This Property

Minutes away from the Lake, Heavenly, Sierra at Tahoe and Lake Tahoe, this stunning home is nestled in the prestigious Country Club Estates of South Lake Tahoe. Built in 2001 and boasting 4 bedrooms, 2.5 baths, and a generous 2,678 square feet, this home offers a luxurious and comfortable living experience. Step inside and be greeted by the openness of the great room, featuring vaulted ceilings that create an open and airy atmosphere. Natural light pours in, illuminating the space and highlighting the tasteful craftsmanship throughout. The interior has been thoughtfully designed, with a newly remodeled kitchen that is a chef's dream, complete with modern appliances and ample counter space. The en-suite is a serene retreat, offering a private area for relaxation and the en-suite bathroom has also been tastefully remodeled. Three additional bedrooms downstairs provide plenty of space for family, guests and/or a home office. Step outside and be captivated by the expansive wrap-around upstairs front-side deck, perfect for enjoying your morning coffee or entertaining friends and family. Two additional decks provide even more space to soak in the surrounding natural beauty. Located in the heart of South Lake Tahoe, this home offers an ideal location for outdoor enthusiasts. Close to hiking and biking trails, you'll have endless opportunities to explore and connect with nature. The proximity to the lake allows for boating, fishing, and other water activities, while the nearby skiing and snowboarding resorts provide thrilling winter adventures. Whether you prefer snowshoeing through pristine snow-covered landscapes or soaking up the sun on a summer hike, this location has it all. Don't miss out on the opportunity to call this magnificent home yours. Schedule your private showing today and start living the mountain lifestyle you've always dreamed of!

Listed by Devra Zlendick — Compass

Listing Details

Status Active
MLS # 142728
Sold Date 1800-01-01
Price/Sq Ft $457

Property History

Apr 22, 2026
Listed for sale
$1,225,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,678
Lot Size 0.23 acres
Year Built 2001
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 033292014000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
View Mountains, Forest
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air
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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 — 1520 Cherry Hills Circle, South Lake Tahoe

Est. Annual Revenue
$70,614
Avg Nightly Rate
$690
Projected Occupancy
29.1%
Cap Rate
2.3%
Structural Score: 58 / 100 (Premium) · STR Zone: Yellow

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% ($245,000)
Home price
$1,225,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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