$895,000 $920,000 ↓ $25,000 reduced Active
1029 Modoc Way
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
·
2.0 Baths
·
2,030 Sq Ft

Our data on this home

About This Property

Discover refined mountain living in this beautifully remodeled 4-bedroom, 2-bath residence located in the highly sought-after Meyers area. Warm tongue-and-groove pine accents, recessed lighting, and an inviting living and dining area create an elevated alpine ambiance, while a handsome hardwood staircase leads to the upper level. Two upstairs bedrooms feature vaulted ceilings, including one with a charming loft space ideal for play, reading, or creative use. Step outside to the expansive back deck and enjoy summer evenings with music drifting from the nearby park, effortless access to the popular farmers market and local events, and stunning sunset views with Mount Tallac in the distance. A rare blend of comfort, character, and convenience in one of South Lake Tahoe's most desirable mountain communities.

Listed by Matthew Biscotti — Coldwell Banker Select R.E.

Listing Details

Status Active
MLS # 143257
Days on Market 86
Price/Sq Ft $441

Property History

Jul 28, 2026
Listed for sale
$920,000
Oct 14, 2026
Price reduced
$895,000 $920,000 ↓ $25,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2022 · county record $875,000 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 2.0
Sq. Ft. 2,030
Lot Size 0.25 acres
Year Built 1979
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Paradise 6
County El Dorado
STR Jurisdiction El Dorado County
APN 034382013000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
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
58
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 — 1029 Modoc Way, 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: 58 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,290 sq ft covered of 108 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,780 sq ft
Allowed Coverage
108 sq ft · 1%
Existing Coverage
3,290 sq ft · 31%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
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

$4,800 – $5,600/yr
about $433/mo
Est. Rebuild Cost (Coverage A)
$852,600
FAIR Plan (fire)
$4,000/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

$5,775 per month
Principal & interest
$4,526/mo
Property taxes
$816/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
$433/mo
CA FAIR Plan + DIC estimate, ~$4,800–$5,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($179,000)
Home price
$895,000
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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