$948,000 Closed
3655 Memory Lane
South Lake Tahoe, CA 96150
SOLD 2026-08-10
Sold for $938,000 (listed at $948,000)
4 Beds
·
2.0 Baths
·
2,108 Sq Ft

About This Property

Few South Lake Tahoe properties offer this remarkable combination of sunshine, space, recreation, and future potential. Set on more than one-half acre with a rare street-to-street location this mountain retreat is highlighted by an extraordinary workshop with approximately 1,000 SF of space along with the home's attached 2 car garage is a rare opportunity in today's Tahoe market.Located on the sunny side of the street in highly desirable Christmas Valley, this inviting home captures everything homeowners love about Tahoe living. Surrounded by mountain pines and calming views, the property enjoys abundant sunshine, exceptional privacy, and immediate access to one of the region's most spectacular outdoor playgrounds. Located at the gateway to Echo Summit and Luther Pass, adventure begins just outside your front door. A short walk leads to the Upper Truckee River where one can enjoy fly fishing, hiking or cooling off in its crystal-clear waters. Mountain biking enthusiasts will appreciate being minutes from legendary rides including Christmas Valley Trail, Mr. Toad's Wild Ride, and miles of scenic hiking. During the winter months, nearby cross-country skiing, snowshoeing, and convenient access to both Heavenly Mountain Resort and Kirkwood Mountain Resort make this an exceptional year-round destination.Inside, the home welcomes you with warm mountain character and thoughtful design. Rich hardwood flooring extends through the entry, kitchen, dining area, and custom office, while a classic river rock hearth with a freestanding wood-burning stove creates an unforgettable centerpiece and the perfect place to gather after a day outdoors.The flexible floor plan offers three comfortable bedrooms plus a beautifully designed office featuring custom built-in cabinetry and desk. Easily converted into a fourth bedroom, the office provides valuable flexibility for guests, growing families, or those working remotely. Step outside onto expansive decks, where morning coffee and evening sunsets are enjoyed against a backdrop of beautiful mountain scenery.AND WOW! An impressive approximately 1,000-square-foot workshop opens the door to possibilities rarely found in the Tahoe Basin. Whether you're a craftsman, artist, collector, woodworker, automotive enthusiast, or simply need exceptional storage, this remarkable space is ready to accommodate your vision. To help illustrate its versatility, photos of the workshop have been virtually reimagined as a beautiful Tahoe-inspired carriage house, showcasing one possible future use. (Buyers are encouraged to verify ADU potential and permitted uses with the appropriate agencies.) Along with this amazing shop is a 2 car garage attached to the home. Whether your dream is a guest retreat, creative studio, home office, recreation room, fitness space, or simply one of the finest workshops in the Sierra, this extraordinary property provides the flex

Listed by Donald Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Closed
MLS # 143126
Sold Date 2026-08-10
Sold Price $938,000
Price/Sq Ft $450

Property History

Jul 02, 2026
Listed for sale
$948,000
Jul 10, 2026
Pending
$948,000
Aug 12, 2026
Sold
$938,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2006 · county record $725,000 Deed record — brokerage sides not reported
Aug 2026 · this listing $938,000 (+29%) Donald SouersBerkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe Ryan AndersonBerkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

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 2.0
Sq. Ft. 2,108
Lot Size 0.57 acres
Year Built 1983
Property Type Single Family Residence
Style Contemporary
Subdivision South Gate 2
County El Dorado
STR Jurisdiction El Dorado County
APN 036462008000
Parking
Garage Spaces 2
Parking Features RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains, Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas

STR Investment Summary — 3655 Memory Lane, 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
$41K – $72K
typically ~$51,952
Avg Nightly Rate
$297
Projected Occupancy
48.0%
Cap Rate
2.2%
Structural Score: 69 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
5,093 sq ft covered of 6,251 sq ft allowed
1,157 sq ft of coverage still available to add.
Parcel Size
25,003 sq ft
Allowed Coverage
6,251 sq ft · 25%
Existing Coverage
5,093 sq ft · 20%
Addable Coverage
1,157 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗
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