$2,198,000 Active
2334 Cold Creek Trail
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.
5 Beds
·
4.5 Baths
·
6,131 Sq Ft
Virtual Tour

About This Property

Perched on a picturesque one-third acre parcel in one of South Lake Tahoe's most sought-after neighborhoods, this distinctive three-story Tudor-style residence captures sweeping lake and mountain views while offering exceptional versatility and untapped potential. With an expansive floor plan designed for flexible living, the home presents a rare opportunity for a variety of residential lifestyles, including multigenerational living, extended guest accommodations, or the creation of inspiring work and recreation spaces. The top floor is designed for convenient single-level living and features a spacious primary suite, a half bathroom, laundry area, kitchen, and an impressive great room highlighted by soaring ceilings and an expansive loft overlooking the living space. Large windows frame the surrounding mountain scenery and glimpses of Lake Tahoe, creating a light-filled setting for everyday living and entertaining. The middle level offers four bedrooms, two full bathrooms, a comfortable family room, and wet bar with full kitchen facilities, providing abundant space for family and guests alike. On the ground level, three expansive bonus living areas, an additional wet bar, a full bathroom, and an attached two-car garage create endless possibilities for recreation, hobbies, a home office, fitness area, or additional gathering spaces. Adding to the home's thoughtful design, a dumbwaiter shaft provides convenient service between all three levels, making it easy to transport groceries, luggage, entertaining essentials, and other household items throughout the residence. Rich in character and architectural appeal, this home is ready for its next chapter. Whether thoughtfully updated or reimagined to suit your vision, the combination of its commanding setting, panoramic lake and mountain views, generous square footage, and highly desirable location presents an exceptional opportunity to create a truly remarkable Tahoe retreat. Copy and paste the following link to view a Matterport 3D tour, providing an immersive virtual experience that allows you to visualize your personal design vision and reimagine the home's full potential. https://tours.2view.com/media/18321/360tour/&contact=none

Listed by Sam Holmes — Coldwell Banker Select Real Estate - Round Hill

Listing Details

Status Active
MLS # 143191
Days on Market 16
Sold Date 1800-01-01
Price/Sq Ft $359

Property History

Jul 10, 2026
Listed for sale
$2,198,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 1995 · county record $537,500 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 5
Baths 4.5
Sq. Ft. 6,131
Lot Size 0.34 acres
Year Built 1981
Property Type Single Family Residence
Subdivision Montgomery Estates 1
County El Dorado
STR Jurisdiction El Dorado County
APN 025603008000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can, Dog Run
View Mountains, Lake, Forest
Construction Wood Frame, Stucco
Roof Shake
Foundation Slab
Utilities & Systems
Heating Natural Gas, Hot Water System, Baseboard
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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 — 2334 Cold Creek Trail, South Lake Tahoe

Est. Annual Revenue
$80,029
Avg Nightly Rate
$457
Projected Occupancy
48.0%
Cap Rate
1.5%
Structural Score: 69 / 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
3,555 sq ft covered of 919 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
14,661 sq ft
Allowed Coverage
919 sq ft · 6%
Existing Coverage
3,555 sq ft · 24%
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% ($439,600)
Home price
$2,198,000
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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