$1,000,000 $1,065,000 ↓ $65,000 reduced Active
1724 Mohican 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.
4 Beds
·
2.5 Baths
·
3,189 Sq Ft
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About This Property

Significant price reduction and best value per square foot now in South Lake Tahoe! Craftsmanship and character welcome you to this 4 bed, 2.5 bath Tahoe Paradise home mostly constructed in 2004 on a premium choice 1/4 acre parcel across from forest service conservancy land. Curb appeal begins with a timeless barrel-vault entry, guiding you to the stained-glass front door and into the foyer and mudroom. A second entrance is through the heated garage, which is deep enough for a full-sized pickup on one side and includes a central floor drain for winter vehicle snowmelt.Both entries open to the dining area with hardwood floors, a wood stove for emergency heating, butler's and food pantries, and the current kitchen featuring a Wolf gas range, Corian countertops, and stainless appliances. Designs are available for adding a kitchen island or keeping the existing footprint and tailoring the space to your dreams. The front portion of the home further offers 2 downstairs bedrooms, 1.5 baths, laundry in the hallway, and additional storage.The kitchen and hallway each flow into the living room with a stone fireplace and oak hearth, all part of the 2004 expansion when award-winning architect, Brian Shinault AIA, seamlessly added the entire back section, all of the upstairs, and the garage- together making up roughly two-thirds of the home. At that time, blasting also created a rare 556 sq ft basement (not included in square footage) with window egress and ducting in place to easily add heating vents. Currently used as a home builder's workshop with another separate storage room, this extra space is ready to become a gym, office, wine cellar, gaming room, or additional living area. This home was built to a higher standard with no expenses spared.Upstairs, oak stairs with cherry nosing lead to the primary suite with soaring ceilings, water-sensing opening and closing skylights, window seating with storage, a walk-in closet, and a spa-like bath featuring a steam shower, bubbler tub with heated backrest, and stunning forest views. An exercise or reading room with skylight completes this level.Also built in 2004 are the garage and a spacious bedroom or bonus family room above the garage. This space is complete with a large closet with remote operated skylight and window. Plumbing connections are already in place in the wall below this closet and a schematic is available to convert the space into a bathroom and easily make this section of the home a second primary suite. Additional remote skylights brighten this front upstairs living area and are also found over the downstairs living room and kitchen. The exterior doors and most of the windows in the home are Andersen, and replacing a few smaller downstairs bedroom windows with larger ones would further embrace the forest views and natural lighting.Well built, thoughtfully designed, meticulously maintained, this home offers extraordinary value and flexibility on a prem

Listed by Michael Kohl — Michael Kohl, BROKER

Listing Details

Status Active
MLS # 142697
Days on Market 124
Sold Date 1800-01-01
Price/Sq Ft $314

Property History

Apr 17, 2026
Listed for sale
$1,065,000
Jun 29, 2026
Price changed
$1,000,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 1980 · county record $83,500 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.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 3,189
Lot Size 0.25 acres
Year Built 1978
Property Type Single Family Residence
Subdivision Tahoe Paradise 9
County El Dorado
STR Jurisdiction El Dorado County
APN 034151004000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Masonry, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
69
PROJECTED GROSS ANNUAL REVENUE
$52K – $89K typically ~$63,130
~$5,261 per month
Avg Nightly
$367
Occupancy
47%
Cap Rate
2.5%

STR Investment Summary — 1724 Mohican Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$52K – $89K
typically ~$63,130
Avg Nightly Rate
$367
Projected Occupancy
47.2%
Cap Rate
2.5%
Structural Score: 69 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,435 sq ft covered of 540 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,798 sq ft
Allowed Coverage
540 sq ft · 5%
Existing Coverage
2,435 sq ft · 23%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
6
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 ↗

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% ($200,000)
Home price
$1,000,000
Loan details
30-yr fixed, 6.5%
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