$599,000 Active
956 Nicoleno Road
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.
2 Beds
·
2.0 Baths
·
1,200 Sq Ft

Our data on this home

About This Property

Welcome to the ultimate mountain getaway! This charming 1,200-square-foot Forest Service cabin sits on a nearly 17,000-square-foot lot, just minutes from Fallen Leaf Lake and Lake Tahoe. Tucked into a quiet neighborhood that feels like a step back in time, this is Old Tahoe at its best, where simplicity and history still reign. CASH ONLY. Forest Service cabins are not eligible for traditional financing, and ownership requires a Special Use Permit through the U.S. Forest Service (USFS). Inside, a cozy main-floor bedroom and spacious upstairs sleeping loft offer room for family and friends, while the large front deck is perfect for slow mornings and starry nights beneath towering pines. Thoughtfully updated for worry-free enjoyment, improvements include a new roof with composite tile, composite decking with redwood railing, a tankless water heater, an updated electrical panel, new wiring and grounded outlets throughout, an upstairs propane fireplace, new ground-floor laminate flooring, additional kitchen lighting, a new refrigerator, oven/range and washing machine, an exterior plumbing cleanout near the kitchen, and fresh driveway gravel. The cabin is accessible year-round, although the community gate closes during winter. If you've been dreaming of an authentic Old Tahoe retreat with modern updates near the lake, this cash-only gem is waiting for you!

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143600
Days on Market 1
Price/Sq Ft $499

Property History

Oct 21, 2026
Listed for sale
$599,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2023 $460,000 Kate WilkinsCompass —

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 2
Baths 2.0
Sq. Ft. 1,200
Lot Size 0.39 acres
Year Built 1957
Property Type Residential
Style Cabin
Subdivision Spring Creek
County El Dorado
STR Jurisdiction El Dorado County
APN 920000557000
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Composition
Utilities & Systems
Heating Fireplace
Financial
HOA Fee $575 / Annually
HOA & Community
Community Amenities Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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~— per month
Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,087 sq ft covered of 3,143 sq ft allowed
1,055 sq ft of coverage still available to add.
Parcel Size
16,745 sq ft
Allowed Coverage
3,143 sq ft · 19%
Existing Coverage
2,087 sq ft · 12%
Addable Coverage
1,055 sq ft

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

$2,800 – $3,200/yr
about $250/mo
Est. Rebuild Cost (Coverage A)
$504,000
FAIR Plan (fire)
$2,300/yr
DIC wrap (theft, water, liability)
$500 – $900/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

$3,873 per month
Principal & interest
$3,029/mo
Property taxes
$546/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
$48/mo
From MLS listing data.
Home insurance
$250/mo
CA FAIR Plan + DIC estimate, ~$2,800–$3,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($119,800)
Home price
$599,000
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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