$1,595,000 Active
1944 Apalachee 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.
5 Beds
·
2.5 Baths
·
2,576 Sq Ft

About This Property

This home's setting doesn't reveal itself all at once, everything opens toward the view. The main level looks through the pines to Mount Tallac and the surrounding ridgelines, with a long rear deck spanning the back of the house and the forest dropping away below. It is a setting that feels intentionally placed around the view, privacy, and natural light.The remodel brings a clean, modern Tahoe feel without losing warmth. Bright walls, wide plank oak flooring, black Andersen windows, glass railings, and natural wood accents create a simple, elevated interior that keeps the focus on the landscape. The kitchen anchors the open main level with quartz countertops, stainless steel appliances, a contrasting ebony island, induction cooktop, double ovens, and an easy connection to the dining and living areas. A warm fireplace wall grounds the space, while large windows and sliders keep the ridgeline view in constant focus.The upper deck is one of the home's defining spaces, with room for outdoor dining, morning coffee, barbecues, and a hot tub positioned toward the trees and mountains beyond. The primary bedroom opens directly to this deck, creating a private indoor-outdoor retreat. Downstairs, a separate family room connects to its own covered deck, giving the home multiple places to gather, unwind, or watch the light move through the forest.With five bedrooms, multiple living areas, no carpet, updated modern bathrooms, and approximately 1,500 square feet of unfinished lower-level space, the home offers both immediate livability and future flexibility. The lower level already has tall ceilings, framing, and floor sheathing in place, making it useful for storage, gear, workshop space, or potential future expansion with added interior access.Conservancy owned land to the side and rear helps preserve the sense of privacy and open space, while practical upgrades add everyday ease. A bridged paver driveway, solar with battery backup, fenced dog run, terraced yard area, and generous deck space all support the way people actually live in Tahoe: with gear, guests, pets, weather, and time spent outside.Modern, private, view-oriented, and surrounded by forest, this home delivers the rare combination of polished interior space, usable outdoor living, and long-term potential in way only Tahoe can deliver.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142986
Sold Date 1800-01-01
Price/Sq Ft $619

Property History

May 29, 2026
Listed for sale
$1,595,000
Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,576
Lot Size 0.29 acres
Stories 2
Year Built 1993
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Paradise Addition 3
County El Dorado
STR Jurisdiction El Dorado County
APN 033703010000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub,Dog Run
Lot Features Adjacent to Forest
View Mountains,Forest
Construction Wood Frame,Metal Siding
Roof Composition
Foundation Basement/Unfinished
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
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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 — 1944 Apalachee Drive, South Lake Tahoe

Est. Annual Revenue
$65,251
Avg Nightly Rate
$731
Projected Occupancy
24.8%
Cap Rate
1.6%
Structural Score: 61 / 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
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% ($319,000)
Home price
$1,595,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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