$735,000 $775,000 ↓ $40,000 reduced Active
2333 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.
3 Beds
·
2.5 Baths
·
1,696 Sq Ft
Virtual Tour

About This Property

Seller is motivated! Nestled in the highly sought-after Christmas Valley area of South Lake Tahoe, this spacious 3-bedroom, 2.5-bath home offers the perfect blend of mountain charm, comfort, and modern updates. Boasting nearly 1,700 square feet of living space on a generous 0.20-acre lot, this property provides plenty of room to relax, entertain, and enjoy the Tahoe lifestyle. Step inside to a bright and inviting great room-style floor plan that creates an open flow between the living, dining, and kitchen areas. The updated kitchen features modern finishes and ample workspace, making it the heart of the home for gatherings with family and friends, while the updated guest bathroom adds a stylish touch and the newer heating system provides year-round comfort and peace of mind. The oversized primary suite is a true retreat, offering exceptional space rarely found in homes of this size. Outside, the fully fenced backyard is ready for summer barbecues, outdoor entertaining, pets, and play, while the expansive deck provides the perfect place to enjoy your morning coffee or unwind after a day of Tahoe adventures. A two-car garage offers plenty of storage for vehicles, outdoor gear, and recreational equipment. As an added bonus, the home comes furnished with high-end furniture throughout, creating a truly turnkey opportunity for a primary residence, vacation getaway, or investment property. Located near world-class skiing, hiking, biking, fishing, and the stunning shores of Lake Tahoe, this home offers the perfect opportunity to enjoy everything South Lake Tahoe has to offer while coming home to the tranquility and natural beauty of Christmas Valley.

Listed by Megan Blackwell — Amen Real Estate

Listing Details

Status Active
MLS # 143091
Days on Market 66
Sold Date 1800-01-01
Price/Sq Ft $433

Property History

Jun 19, 2026
Listed for sale
$775,000
Jul 15, 2026
Price reduced
$755,000 $775,000 ↓ $20,000
Aug 21, 2026
Price reduced
$735,000 $755,000 ↓ $20,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2017 · county record $485,000 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.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,696
Lot Size 0.17 acres
Year Built 2001
Property Type Single Family Residence
Subdivision Tahoe Paradise 53
County El Dorado
STR Jurisdiction El Dorado County
APN 035233022000
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$35K – $66K typically ~$46,873
~$3,906 per month
Avg Nightly
$258
Occupancy
50%
Cap Rate
2.6%

STR Investment Summary — 2333 Wasabe Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$35K – $66K
typically ~$46,873
Avg Nightly Rate
$258
Projected Occupancy
49.8%
Cap Rate
2.6%
Structural Score: 67 / 100 (Premium) · 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

Room to build
1,647 sq ft covered of 1,799 sq ft allowed
152 sq ft of coverage still available to add.
Parcel Size
7,197 sq ft
Allowed Coverage
1,799 sq ft · 25%
Existing Coverage
1,647 sq ft · 23%
Addable Coverage
152 sq ft
IPES Score
776.0
Land Capability · TRPA-verified
IPES
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% ($147,000)
Home price
$735,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373