About This Property
New co-ownership opportunity by Pacaso: Own one-eighth of this professionally managed, turnkey home. The Redwood stands on Terrace Drive in South Lake Tahoe, a newly remodeled three-level home with a redwood and slate exterior, IPE and slate decking, redwood railings and a new metal roof. The natural materials carry through to the interior, where oak and mahogany floors run throughout all three levels and soaring wood ceilings with exposed rafters give the home a genuine mountain lodge quality. The top level great room has a floor-to-ceiling concrete fireplace and doors opening to a massive slate deck, with the kitchen alongside featuring quartz countertops, stainless steel appliances and the same soaring wood ceiling above. The middle level has the main entry, a large family and flex room, three spacious bedrooms and two bathrooms. The lower level has two primary suites with heated porcelain and marble tile floors, custom tilework and en suite baths. One primary suite has a sliding glass door to a deck and hot tub. The slate deck and hot tub extend the living spaces into the surrounding forest, with South Lake Tahoe's ski resorts, hiking and biking trails and lakefront beaches all close at hand. Heavenly Mountain Resort is the closest major ski destination, and the lake's shoreline is minutes away for summer mornings on the water. The Redwood is fully designed, furnished and managed by Pacaso. Owners arrive to find the home exactly as it should be, every time.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2021 · county record | $1,695,000 | Deed record — brokerage sides not reported | |
| Jul 2025 | $265,000 (-84%) | Joseph MaehlerPacaso, Inc. | Joseph MaehlerPacaso, Inc. |
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.
STR Investment Analysis
Permitted ZoneLand Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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