$859,000 Active
2940 Santa Claus 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.
4 Beds
·
2.0 Baths
·
2,000 Sq Ft

About This Property

Welcome to this beautifully crafted mountain home featuring 4 bedrooms, with 2 conveniently located on the main level and 2 spacious bedrooms upstairs. This thoughtfully designed home offers 2 bathrooms and an attached 2-car garage. Home could use some TLC to add your own personal touches.Situated on a large, sunny corner lot along the school bus route and conveniently located just minutes from three ski resorts, and plenty of hiking and biking trails. This home combines mountain charm with quality craftsmanship throughout. From the impressive log entryway to the handcrafted banisters and built-in coat racks, custom woodworking creates warmth and character.The inviting living room is anchored by a stunning river rock fireplace with a handcrafted log mantel and quartzite hearth, creating the perfect gathering space. The home's exterior is enhanced with an elegant granite water table, Hardibacker siding, and a beautiful quartzite floor entryway both inside and out.The kitchen features rich maple cabinetry, durable concrete countertops, and hickory flooring that extends into the living area. Downstairs bathroom is tastefully designed with an authentic clawfoot tub and a large glass-block window and tiled shower. Both upstairs and downstairs baths have granite counter tops and tiled flooring, blending style and functionality.French doors off the kitchen open to the outdoor living space, while a sliding glass door from the primary bedroom provides additional access to the backyard. Enjoy entertaining or relaxing on the large paving stone patio (complete with wiring to add a hot tub), overlooking the spacious, sun-filled yard. It even has a green house.An insulated shed with electricity offers endless possibilities as a workshop, hobby space, or additional storage. With exceptional craftsmanship, quality finishes, and a desirable location, this mountain retreat is ready to welcome you home.

Listed by Barbara Gerland — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143174
Days on Market 15
Sold Date 1800-01-01
Price/Sq Ft $430

Property History

Jul 11, 2026
Listed for sale
$859,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2017 · county record $489,000 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 4
Baths 2.0
Sq. Ft. 2,000
Lot Size 0.23 acres
Year Built 2002
Property Type Single Family Residence
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036423017000
Parking
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Other/See Remarks
View Mountains
Construction Wood Frame, Rock, Other/See Remarks
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

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 — 2940 Santa Claus Drive, South Lake Tahoe

Est. Annual Revenue
$51,635
Avg Nightly Rate
$292
Projected Occupancy
48.5%
Cap Rate
2.4%
Structural Score: 71 / 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
2,808 sq ft covered of 3,006 sq ft allowed
198 sq ft of coverage still available to add.
Parcel Size
10,020 sq ft
Allowed Coverage
3,006 sq ft · 30%
Existing Coverage
2,808 sq ft · 28%
Addable Coverage
198 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% ($171,800)
Home price
$859,000
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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