$998,000 Active
3558 Morton 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
·
2,421 Sq Ft
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About This Property

Located on a quiet cul-de-sac in the desirable Christmas Valley neighborhood, 3558 Morton Dr. offers a peaceful mountain setting directly across from United States Forest Service land and the Upper Truckee River. Enjoy easy access to scenic walking trails, mountain views, and some of South Lake Tahoe's most beautiful natural surroundings right from your front door.This spacious Tahoe-style home features 4 bedrooms, 2.5 bathrooms, and 2,421 square feet of living space on a large, fully fenced 13,068 square foot lot. The main living area showcases Acacia hardwood flooring, rustic log accents, and a cozy gas fireplace that creates a warm mountain feel. The kitchen is equipped with oak cabinetry, stainless steel appliances, a gas cooktop, and plenty of storage and workspace for entertaining or everyday living.The flexible floor plan includes a downstairs bedroom, full bathroom, and a large laundry room with additional storage. Upstairs, you'll find three more bedrooms including a spacious primary suite with a walk-in closet, office or sitting area, private balcony, and an updated en-suite bathroom featuring a custom dual-head shower.The oversized three-car garage provides excellent space for vehicles, tools, and Tahoe toys, while the large fenced yard offers room for boat or RV parking and plenty of outdoor enjoyment.This prime Christmas Valley location is close to Echo Summit, the Tahoe Rim Trail, world-class hiking and biking, and just minutes from local dining, shopping, and outdoor recreation. A rare opportunity to own a well-maintained mountain home in one of South Lake Tahoe's most scenic and sought-after neighborhoods.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142948
Sold Date 1800-01-01
Price/Sq Ft $412

Property History

May 20, 2026
Listed for sale
$998,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,421
Lot Size 0.30 acres
Year Built 1974
Property Type Single Family Residence
Subdivision South Gate
County El Dorado
STR Jurisdiction El Dorado County
APN 036401015000
Parking
Garage Spaces 3
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Adjacent to Meadow
View Mountains, Meadow
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

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%

STR Investment Summary — 3558 Morton Drive, South Lake Tahoe

Est. Annual Revenue
$56,587
Avg Nightly Rate
$567
Projected Occupancy
28.1%
Cap Rate
2.3%
Structural Score: 69 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($199,600)
Home price
$998,000
Loan details
30-yr fixed, 6.5%
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