$639,000 Active Under Contract
2385 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.
2 Beds
·
2.0 Baths
·
1,392 Sq Ft
Virtual Tour

About This Property

Located in the peaceful Christmas Valley neighborhood, this well-maintained single-level home offers comfortable mountain living in one of South Lake Tahoe's most scenic settings. Situated on a flat, sunny lot, the property is just moments from the Upper Truckee River, miles of hiking and mountain biking trails, and endless opportunities to enjoy the outdoors.Offering 2 bedrooms, 2 bathrooms, and 1,392 square feet of living space, the open floor plan is warm and inviting. The spacious living area features vaulted open-beam ceilings and a beautiful gas fireplace with a rustic log mantle and stone accents, creating the perfect gathering space year-round.The kitchen is thoughtfully updated with maple cabinetry featuring soft-close hinges, granite slab countertops, and stainless steel appliances, providing both style and functionality. Just off the kitchen is an enclosed patio/bonus room that offers flexible space for a home office, hobby room, or additional sitting area, with direct access to the fully fenced backyard.The primary suite includes an updated en suite bathroom with a custom barn door, modern fixtures, and a walk-in closet. Outside, the backyard provides plenty of room to relax, garden, or entertain, along with a spacious storage shed for all of your Tahoe gear.Whether you're looking for a full-time residence or a vacation getaway, this move-in ready Christmas Valley home offers a fantastic combination of comfort, convenience, and easy access to Lake Tahoe's year-round recreation.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 143111
Days on Market 31
Sold Date 1800-01-01
Price/Sq Ft $459

Property History

Jun 25, 2026
Listed for sale
$639,000
Current
Pending
$639,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2019 · county record $411,000 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 2
Baths 2.0
Sq. Ft. 1,392
Lot Size 0.17 acres
Year Built 1969
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe Paradise 53
County El Dorado
STR Jurisdiction El Dorado County
APN 035242004000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
View Mountains
Construction Wood Frame
Roof Pitched, Other
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas, Wall or Space Heater
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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 — 2385 Wasabe Drive, South Lake Tahoe

Est. Annual Revenue
$38,442
Avg Nightly Rate
$199
Projected Occupancy
52.7%
Cap Rate
2.4%
Structural Score: 59 / 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
2,875 sq ft covered of 1,800 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,199 sq ft
Allowed Coverage
1,800 sq ft · 25%
Existing Coverage
2,875 sq ft · 40%
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% ($127,800)
Home price
$639,000
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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