$538,000 Active Under Contract
1978 Cherokee 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.
3 Beds
·
2.0 Baths
·
1,320 Sq Ft
Virtual Tour

About This Property

Located in the Meyers area of South Lake Tahoe, this charming 3-bedroom, 2-bathroom chalet offers 1,320 square feet of comfortable mountain living on a flat, sunny lot. Conveniently located near Tahoe Paradise Park, Meyers Elementary School, and Lake Baron, this home also enjoys easy access to the beaches of Lake Tahoe, Sierra-at-Tahoe Resort, and miles of hiking and biking trails.The inviting living area features a cozy gas fireplace, creating a warm and welcoming space to gather with family and friends. The adjoining kitchen offers wood cabinetry and granite slab countertops.The functional floor plan includes one bedroom and a full bathroom on the main level, while upstairs you'll find two additional bedrooms featuring classic open-beam ceilings that add to the home's mountain character.Outside, the fully fenced backyard is perfect for relaxing with a spacious composite deck and a large storage shed for all of your Tahoe gear. Additional features include a newer metal roof and dual-pane windows for lasting durability and energy efficiency.Whether you're searching for a full-time residence or a vacation getaway, this well-maintained Meyers chalet offers a fantastic location and a comfortable mountain lifestyle close to everything South Lake Tahoe has to offer.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active Under Contract
MLS # 143112
Days on Market 31
Sold Date 1800-01-01
Price/Sq Ft $408

Property History

Jun 25, 2026
Listed for sale
$538,000
Jul 15, 2026
Pending
$538,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2008 · county record $330,000 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 2.0
Sq. Ft. 1,320
Lot Size 0.14 acres
Year Built 1972
Property Type Single Family Residence
Style Chalet
Subdivision Juniper Park
County El Dorado
STR Jurisdiction El Dorado County
APN 034266026000
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame
Roof Pitched, Metal
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 — 1978 Cherokee Street, South Lake Tahoe

Est. Annual Revenue
$45,662
Avg Nightly Rate
$237
Projected Occupancy
52.8%
Cap Rate
3.4%
Structural Score: 57 / 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

Room to build
1,226 sq ft covered of 1,507 sq ft allowed
281 sq ft of coverage still available to add.
Parcel Size
6,028 sq ft
Allowed Coverage
1,507 sq ft · 25%
Existing Coverage
1,226 sq ft · 20%
Addable Coverage
281 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% ($107,600)
Home price
$538,000
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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