$1,795,000
2361 Tolteca Court
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
5 Beds
·
4.0 Baths
·
3,206 Sq Ft
·
23522 Lot

About This Property

Set within one of South Lake Tahoe's premier neighborhoods, 2361 Tolteca Court offers a rare convergence of privacy, scale, and thoughtful modernization. Backing to forested land on an expansive 0.54-acre homesite, the setting feels both protected and immersed in nature, with filtered views and direct access to the quiet beauty that defines Tahoe living. Originally constructed in 1976 and freshly remodeled, the residence spans approximately 3,206 square feet with five bedrooms and four baths. The floor plan is generous and adaptable, offering flexibility for additional sleeping quarters, multi-generational living, or dedicated work-from-home space. Laundry facilities on both levels enhance daily functionality, while in-floor radiant heat throughout delivers consistent, refined comfort during the winter months. A whole-home automatic backup generator ensures continuity and peace of mind in every season. Designed for both retreat and gathering, expansive decks extend the living experience outdoors. A curated seating area with fire pit and integrated media viewing creates a natural setting for evenings under the pines, whether hosting friends or enjoying a quiet night beneath the stars. The large, forest-backed lot offers exceptional privacy, while a whimsical children's playhouse with zip line adds a sense of play and permanence—an invitation to create lasting Tahoe memories. Eligible for a Vacation Home Rental (VHR) permit, the property offers flexibility for both personal enjoyment and potential rental use. With substantial square footage, a spacious garage, and a setting that balances seclusion with neighborhood prestige, this property represents a distinctive opportunity in today's Tahoe market—where design, infrastructure, and environment align for those who value both comfort and connection to the landscape.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260002058
Days on Market 19
Price/Sq Ft $560

Property History

Feb 25, 2026
Listed for sale
$1,795,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 3,206
Lot Size 0.54 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
APN 035-151-013-000
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Construction Other
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Natural Gas
Financial
Annual Tax $10,567
Schools
Elementary School Out of Area
Middle School Out Of Area
High School Out Of Area
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STR Investment Analysis

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

STR Investment Analysis

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

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($359,000)
Home price
$1,795,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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