$159,000 Active
2900 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.

About This Property

Corner lot in Christmas Valley area. At an expansive 10,019 square feet, this vacant land offers views of mountain andserene forest.With an IPES score of 981 and a generous 30% coverage allowance, this property presents a rare opportunity to build your custom home.Just steps away from Miles of Forest Service land down street.Strategically located. Just aprox 30 min away from Kirkwood, 20 min from Sierra at Tahoe, 15 min to Heavenly for the winter fun.

Listed by Timothy Cain — Coldwell Banker Select R.E.

Listing Details

Status Active
MLS # 143276
Days on Market 27
Sold Date 1800-01-01

Property History

Jul 28, 2026
Listed for sale
$159,000
Property Overview
Lot Size 0.00 acres
Property Type UnimprovedLand
Subdivision Christmas Valley 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036423013000
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 3,044 sq ft allowed
3,044 sq ft of coverage still available to add.
Parcel Size
10,157 sq ft
Allowed Coverage
3,044 sq ft · 30%
Existing Coverage
0 sq ft
Addable Coverage
3,044 sq ft
IPES Score
981.0
Land Capability · TRPA-verified
IPES

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 ↗

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% ($31,800)
Home price
$159,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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