$125,000 Active
1607 Southern Pines 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.

About This Property

A rare opportunity awaits at 1607 Southern Pines, a 17,700 sq. ft. lot in a prime South Lake Tahoe location. With an IPES score of 492 and 1% land coverage, this spacious parcel offers ample flexibility for designing your dream mountain retreat. What truly sets this property apart is the assigned Residential Unit of Use (RUU)allowing the new owner to build immediately without waiting for a building allocation from El Dorado County. In a market where construction-ready lots are hard to come by, this is a unique chance to break ground right away and create a custom home in one of Tahoe's most sought-after areas. Whether you're a builder, investor, or future homeowner, this lot presents an unbeatable combination of location, size, and immediate development potential. Don't miss out on this exceptional offering. The adjacent lot (1346 Thunderbird) is also for sale if you would like even more space for your future retreat.

Listed by Karen Grant — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142940
Days on Market 17
Sold Date 1800-01-01

Property History

May 19, 2026
Listed for sale
$125,000
Property Overview
Lot Size 0.41 acres
Property Type Land
County El Dorado
STR Jurisdiction El Dorado County
APN 033744001000
Exterior & Lot
View Mountain
📊

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%

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% ($25,000)
Home price
$125,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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