$1,275,000 $1,349,000 ↓ $74,000 reduced Active
3274 S Upper Truckee Road
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
·
3.0 Baths
·
3,211 Sq Ft

About This Property

Where Tahoe Memories Are Made ~Imagine waking each morning to mountain views, sunlight streaming through expansive windows, and the peaceful beauty of Christmas Valley just beyond your doorstep. Welcome to 3274 S Upper Truckee Road, a spacious custom retreat where comfort, adventure, and connection come together in one of South Lake Tahoe's most sought-after neighborhoods. Offering approximately 3,211 square feet, this four-bedroom, three-bath home was designed for the way people truly live and gather. The center, heart, and gathering point of this home is the spacious kitchen with double ovens, large breakfast bar is ready for everything from casual moments to unforgettable gatherings with family and friends. The inviting living room, enjoys a warm fireplace, creating the perfect place to reconnect after a day on the slopes, trails, or lake. Large picture windows frame the surrounding forest and mountain scenery, bringing Tahoe's natural beauty into everyday life. The thoughtfully designed floor plan offers room for everyone, whether hosting holiday celebrations, game nights in the dedicated recreation room, or summer barbecues in the fenced backyard. At day's end, retreat to the luxurious primary suite featuring a dual-sided fireplace, jetted soaking tub, and a spa-like atmosphere designed for relaxation and renewal. With potential space for RV, boat, or additional vehicle parking, this property is perfectly suited for those who embrace the Tahoe lifestyle. Located just minutes from world-class skiing, hiking, biking, golf, and Lake Tahoe's crystal-clear waters, adventure awaits in every season. Homes that offer this combination of size, comfort, location, and lifestyle are becoming increasingly difficult to find. Come experience the warmth, scale, and beauty of this exceptional Christmas Valley home for yourself; you may discover it's exactly what you've been looking for.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 142733
Days on Market 121
Sold Date 1800-01-01
Price/Sq Ft $397

Property History

Apr 20, 2026
Listed for sale
$1,349,000
Jun 24, 2026
Price changed
$1,299,000
Aug 03, 2026
Price reduced
$1,275,000 $1,299,000 ↓ $24,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2010 · county record $569,000 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 3.0
Sq. Ft. 3,211
Lot Size 0.25 acres
Year Built 2006
Property Type Single Family Residence
Subdivision River Park Estates 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036562006000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
View Mountains
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
57
PROJECTED GROSS ANNUAL REVENUE
$52K – $88K typically ~$60,707
~$5,059 per month
Avg Nightly
$353
Occupancy
47%
Cap Rate
1.9%

STR Investment Summary — 3274 S Upper Truckee Road, 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 – $88K
typically ~$60,707
Avg Nightly Rate
$353
Projected Occupancy
47.2%
Cap Rate
1.9%
Structural Score: 57 / 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.

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% ($255,000)
Home price
$1,275,000
Loan details
30-yr fixed, 6.5%
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