$930,000 $975,000 ↓ $45,000 reduced Active
2400 Lupine Trail
South Lake Tahoe, CA 96150

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✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — no new permits are being issued.
4 Beds
·
2.5 Baths
·
2,114 Sq Ft

Our data on this home

About This Property

Price reduced to $930,000! Welcome to this beautifully maintained, fully furnished and completely turnkey 4-bedroom, 3-bath home in highly sought-after Montgomery Estates. This inviting mountain home offers a spacious floor plan, thoughtful upgrades, and a warm, comfortable setting ready to enjoy from day one. A heated roof provides added convenience through the winter months, while the large unfinished storage area beneath the home offers exceptional space for skis, bikes, tools, seasonal items and all your recreational gear. Quietly situated in a peaceful forest setting, the property combines privacy and comfort with easy access to Heavenly Ski Resort, Lake Tahoe beaches, hiking and biking trails, shopping, dining and golf. Whether used as a full-time residence, second home or vacation retreat, this well-maintained Montgomery Estates property delivers the space, convenience and functionality buyers are looking for.

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143121
Days on Market 118
Price/Sq Ft $440

Property History

Jun 26, 2026
Listed for sale
$975,000
Aug 12, 2026
Price reduced
$945,000 $975,000 ↓ $30,000
Sep 29, 2026
Price reduced
$930,000 $945,000 ↓ $15,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2019 · county record $635,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,114
Lot Size 0.25 acres
Year Built 1990
Property Type Single Family Residence
Style Split Level
Subdivision Montgomery Estates 5
County El Dorado
STR Jurisdiction El Dorado County
APN 025821026000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
62
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 2400 Lupine Trail, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 62 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,250 sq ft covered of 2,204 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,021 sq ft
Allowed Coverage
2,204 sq ft · 20%
Existing Coverage
2,250 sq ft · 20%
Addable Coverage
0 sq ft
IPES Score
886.0
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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$4,900 – $5,700/yr
about $442/mo
Est. Rebuild Cost (Coverage A)
$887,880
FAIR Plan (fire)
$4,100/yr
DIC wrap (theft, water, liability)
$800 – $1,600/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$5,993 per month
Principal & interest
$4,703/mo
Property taxes
$848/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$442/mo
CA FAIR Plan + DIC estimate, ~$4,900–$5,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($186,000)
Home price
$930,000
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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