$975,000 Active
2990 State Highway 89
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.
3 Beds
·
2.0 Baths
·
1,545 Sq Ft

Our data on this home

About This Property

Rare South Lake Tahoe property wrapped by over 300 feet of frontage with the Upper Truckee River! Relax on this nearly 3/4 acre parcel and take in the amazing setting from the huge redwood deck - incredible views of Echo Summit above and the natural beauty and sounds of the river below. The well-maintained single-level house with attached garage rounds out a situation for full enjoyment of the mountains. This 3 bedroom, two bath home has one thoughtful feature after another including passive solar, an on-demand water heater, generator, bathrooms with heated flooring, granite counters, and cherry cabinets. The property is fenced with a drive-thru gate in the front and with a gate along the riverbank in the back. Plenty of parking space for multiple vehicles. Meyers is just a few miles away with the convenience of restaurants, a grocery store, and bars. World class skiing and riding are less than 20 minutes away at Heavenly and Sierra-at-Tahoe, or just over a half-hour away at higher altitude Kirkwood. The excitement of Stateline, Nevada is also just 11 miles away! Make your appointment today to see this wonderful all seasons property.

Listed by Matthew Lucksinger — Lake Valley Properties

Listing Details

Status Active
MLS # 143213
Days on Market 82
Price/Sq Ft $631

Property History

Aug 01, 2026
Listed for sale
$975,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2000 · county record $350,000 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 3
Baths 2.0
Sq. Ft. 1,545
Lot Size 0.73 acres
Year Built 1975
Property Type Single Family Residence
Style Ranch
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036380029000
Parking
Garage Spaces 2
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest, River Front
View Mountains, River, Forest
Construction Wood Frame, Masonry Veneer
Roof Pitched, Metal
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

Red Zone
STRUCTURAL SCORE Premium
66
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 — 2990 State Highway 89, 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: 66 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,011 sq ft covered of 2,179 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
32,662 sq ft
Allowed Coverage
2,179 sq ft · 7%
Existing Coverage
4,011 sq ft · 12%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 5
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

$3,600 – $4,200/yr
about $325/mo
Est. Rebuild Cost (Coverage A)
$648,900
FAIR Plan (fire)
$3,000/yr
DIC wrap (theft, water, liability)
$600 – $1,200/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

$6,144 per month
Principal & interest
$4,930/mo
Property taxes
$889/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
$325/mo
CA FAIR Plan + DIC estimate, ~$3,600–$4,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($195,000)
Home price
$975,000
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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