$1,275,000 $1,325,000 ↓ $50,000 reduced Active
2331 Del Norte 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.
4 Beds
·
3.0 Baths
·
3,487 Sq Ft
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About This Property

There are rare moments when a truly meaningful property comes to marketa home that was not just built, but thoughtfully created with vision, intention, heart, and solid construction. This is one of those homes. Lovingly designed and built by the original owner, this residence reflects a deep connection to nature, privacy, and peaceful mountain living. Set on an expansive 33,106-square-foot parcel in the highly sought-after Montgomery Estates neighborhood, the property enjoys an exceptional setting on a quiet street, with Forest Service land below with a short trail to Cold Creek and a Conservancy lot to one side, offering an extraordinary sense of space, serenity, and protection of its breathtaking surroundings. From the moment you enter, you are drawn to the dramatic prow-front living area, where walls of windows offer unobstructed views of Mt. Tallac and Lake Tahoe. Nearly every window in the home was intentionally placed to capture these inspiring vistas, creating a constant connection to the outdoors and a feeling of true oneness with nature. The main level features a highly desirable layout, with the primary bedroom, kitchen, grand living space, and garage access all on one floorperfect for both everyday living and long-term comfort. While the kitchen and interior finishes remain largely original and have not been upgraded over the years, the home was solidly constructed and offers an incredible canvas for transformation. While the home is being sold in its present as-is'' condition, it offers rare fundamentals that are increasingly difficult to finda thoughtful floor plan, extraordinary privacy, expansive land, and unforgettable views. The kitchen maintains its original footprint and shares the same stunning views as the living area, presenting a remarkable opportunity to open up and modernize the space into a true showpiece. With vision, the home could be reimagined as a spectacular modern mountain retreat while still honoring the thoughtful design and soul of the original residence or maintaining its current aesthetics. Upstairs offers flexible areas ideal for additional sleeping quarters, creative studios, or peaceful retreats for reading and reflection. The lower level expands the living possibilities with two additional bedrooms, a full bath, a spacious secondary living area with large windows and a lake view, and a substantial workshop perfect for hobbies, craftsmanship, storage, or future creative use. The exterior is equally special, with a natural mountain landscape featuring a variety of trees, open space, and a peaceful sense of privacy in every direction. Gardeners will appreciate the established vegetable garden area, including both open and covered garden beds, offering a wonderful opportunity to grow and enjoy the land season after season. Step outside onto the expansive deck and take in the sweeping views, quiet surroundings, and unmatched privacyan ideal setting for morning coffee, evening sunsets, or simply breathi

Listed by Rene Brejc — Ascent Property Group

Listing Details

Status Active
MLS # 143090
Days on Market 16
Sold Date 1800-01-01
Price/Sq Ft $366

Property History

Jul 10, 2026
Listed for sale
$1,275,000
Jul 20, 2026
Price changed
$1,275,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,487
Lot Size 0.76 acres
Year Built 1971
Property Type Single Family Residence
Style Other/See Remarks
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 025611007000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Other/See Remarks
Lot Features Adjacent to Forest
View Mountains, Lake, Forest
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Hot Water System, Baseboard
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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 — 2331 Del Norte Street, South Lake Tahoe

Est. Annual Revenue
$63,302
Avg Nightly Rate
$368
Projected Occupancy
47.2%
Cap Rate
2.0%
Structural Score: 70 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,558 sq ft covered of 333 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
33,263 sq ft
Allowed Coverage
333 sq ft · 1%
Existing Coverage
2,558 sq ft · 8%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($255,000)
Home price
$1,275,000
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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