$1,950,000 Active
1641 Sherman Way
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
·
2,488 Sq Ft

About This Property

Architectural excellence meets an unrivaled Heavenly lifestyle in this extraordinary 3-bedroom plus Loft, 2.5-bath mountain retreat, offering 2,488 sq. Ft. on over a quarter acre. Perfectly positioned just a stone's throw from Heavenly's Gunbarrel Chair, this exceptional residence was designed to embrace its breathtaking setting, capturing panoramic Lake Tahoe views from nearly every room while creating a seamless connection between sophisticated living and the surrounding alpine landscape.Thoughtfully engineered for both beauty and longevity, the home is suspended on steel beams, providing exceptional structural integrity and lasting durability. Expansive windows frame the ever-changing lake and mountain scenery, while the home's architectural design maximizes natural light, privacy, and the dramatic setting. Every space is intentionally oriented to showcase the spectacular views that set Tahoe apart from the rest.The front of the property features intentionally-designed architectural privacy fence with movable panels, allowing for efficient snow removal without compromising curb appeal or functionality. The generously sized lot offers exceptional privacy with comfortable spacing between neighboring homes, many of which are distinguished multimillion-dollar properties, creating an exclusive and peaceful setting.Significant improvements have already been completed, including a newer roof and an updated boiler serving the hydronic baseboard heating system, allowing the next owner to enjoy peace of mind along with modern comfort.This is more than a home. It is a rare opportunity to own an architecturally significant mountain retreat in one of South Lake Tahoe's premier neighborhoods, where iconic lake views, thoughtful engineering, and unparalleled access to Heavenly Ski Resort, Lake Tahoe, and year-round recreation come together in a truly exceptional setting.

Listed by Michael Phillips — Realty World Lake Tahoe

Listing Details

Status Active
MLS # 143146
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $784

Property History

Jul 01, 2026
Listed for sale
$1,950,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,488
Lot Size 0.27 acres
Year Built 1965
Property Type Single Family Residence
Style Split Level
Subdivision Heavenly Valley Homes 1
County El Dorado
STR Jurisdiction El Dorado County
APN 030402012000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Lot Features Cul-De-Sac
View Mountains, Lake, Forest, Ski Resort
Construction Wood Frame, Wood Siding, Steel Frame
Roof Pitched, Composition, Shingle
Foundation See Remarks, Other
Utilities & Systems
Heating Natural Gas, Hot Water System, Baseboard
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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 — 1641 Sherman Way, South Lake Tahoe

Est. Annual Revenue
$75,558
Avg Nightly Rate
$579
Projected Occupancy
35.4%
Cap Rate
1.5%
Structural Score: 59 / 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% ($390,000)
Home price
$1,950,000
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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