$599,000 $675,000 ↓ $76,000 reduced Active
1537 Cherry Hills Circle
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.
2 Beds
·
2.0 Baths
·
1,416 Sq Ft

Our data on this home

About This Property

This classic A-frame cabin is nestled on a spacious .28 acre lot that backs CA Tahoe Conservancy land leading to the Upper Truckee River. This home provides privacy and a serene forest backdrop with no rear neighbors. A sunny garden room has been added to the front of this home, which is ideal for nurturing plants, sipping morning tea or simply watching the snow fall. Step inside and experience the iconic architectural charm that makes A-frames so appealing. Along with downstairs living, you'll also find the two bedrooms and one bathroom. Upstairs is the expansive loft and a second bathroom. There is also an easily accessible large crawlspace at the back of the house, providing an incredible amount of storage for all your Tahoe toys.

Listed by Devra Zlendick — Compass

Listing Details

Status Active
MLS # 143172
Days on Market 108
Price/Sq Ft $423

Property History

Jul 07, 2026
Listed for sale
$675,000
Aug 21, 2026
Price reduced
$629,000 $675,000 ↓ $46,000
Oct 12, 2026
Price reduced
$599,000 $629,000 ↓ $30,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2003 · county record $280,000 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 2
Baths 2.0
Sq. Ft. 1,416
Lot Size 0.28 acres
Year Built 1975
Property Type Single Family Residence
Style A-Frame
Subdivision Country Club Heights 3
County El Dorado
STR Jurisdiction El Dorado County
APN 033291027000
Exterior & Lot
View Forest
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
45
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 — 1537 Cherry Hills Circle, 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: 45 / 100 (Standard) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,171 sq ft covered of 2,430 sq ft allowed
1,258 sq ft of coverage still available to add.
Parcel Size
12,148 sq ft
Allowed Coverage
2,430 sq ft · 20%
Existing Coverage
1,171 sq ft · 10%
Addable Coverage
1,258 sq ft
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

$3,400 – $3,900/yr
about $304/mo
Est. Rebuild Cost (Coverage A)
$594,720
FAIR Plan (fire)
$2,800/yr
DIC wrap (theft, water, liability)
$600 – $1,100/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

$3,879 per month
Principal & interest
$3,029/mo
Property taxes
$546/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
$304/mo
CA FAIR Plan + DIC estimate, ~$3,400–$3,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($119,800)
Home price
$599,000
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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