$619,000 $699,000 ↓ $80,000 reduced Active
1869 Elks Club 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.
3 Beds
·
2.5 Baths
·
1,680 Sq Ft

About This Property

Substantial Price Reduction!! Built-In Income Meets the Tahoe LifestyleSurrounded by towering pines with beautiful mountain views and direct access to U.S. Forest Service land, this Country Club Estates home offers the perfect blend of privacy, recreation, and income potential. The fully self-contained lower-level suite features a private entrance, bedroom, bath, country kitchenette, and dedicated laundry, offering excellent flexibility for multigenerational living, guests, or long-term rental income of approximately $1,300 to $1,600 per month.The bright main level offers an open floor plan with two bedrooms, one-and-a-half baths, and large windows that fill the home with natural light. Separate laundry on each level adds convenience for dual living.Step outside to a fully fenced backyard with rear gate access to miles of forest trails, a low-maintenance composite deck, and a WiFi-controlled hot tub, perfect after a day of skiing, hiking, or biking.Recent upgrades include a newer roof with added insulation, forced-air heating with WiFi smart thermostat, tankless water heater, newer double-pane windows, newer driveway, storage shed, timed sprinkler system, bear-proof garbage enclosure, and Ring security system.Just minutes from world-class skiing, golf, beaches, shopping, and dining, this versatile property is an exceptional opportunity as a primary residence, vacation home, or investment property with built-in income potential.

Listed by Brandie Griffith — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 142952
Days on Market 65
Sold Date 1800-01-01
Price/Sq Ft $368

Property History

May 18, 2026
Listed for sale
$619,000
Jun 24, 2026
Price changed
$669,000
Jul 07, 2026
Price changed
$619,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,680
Lot Size 0.25 acres
Stories 2
Year Built 1975
Property Type Single Family Residence
Style Split Level
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 081053003000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub
Lot Features Adjacent to Forest
View Mountains,Forest
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 1869 Elks Club Drive, South Lake Tahoe

Est. Annual Revenue
$44,850
Avg Nightly Rate
$246
Projected Occupancy
49.8%
Cap Rate
2.9%
Structural Score: 55 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,703 sq ft covered of 2,620 sq ft allowed
918 sq ft of coverage still available to add.
Parcel Size
10,625 sq ft
Allowed Coverage
2,620 sq ft · 25%
Existing Coverage
1,703 sq ft · 16%
Addable Coverage
918 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($123,800)
Home price
$619,000
Loan details
30-yr fixed, 6.5%
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