$1,488,000 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
1513 Cree Street
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.
6 Beds
·
5.0 Baths
·
4,144 Sq Ft
Virtual Tour

About This Property

Discover the space and flexibility you've been searching for in this expansive 4,144-square-foot mountain home, ideally located in South Lake Tahoe with easy access to Pioneer Trail, miles of hiking and biking trails, Heavenly Ski Resort, and the shores of Lake Tahoe. Offering six bedrooms, five bathrooms, and a two-car garage, this property is well suited for large families, multi-generational living, shared ownership, or those who love to entertain.Designed with versatility in mind, the home features two spacious living areas, creating plenty of room to gather or spread out. The main kitchen is beautifully appointed with custom cabinetry, granite slab countertops, stainless steel appliances, a gas cooktop, and dual ovens, making it ideal for preparing meals for family and guests alike.The main living spaces feature hardwood flooring, a cozy gas fireplace, and direct access to expansive decks, each complete with its own hot tub for relaxing after a day of enjoying Tahoe's year-round recreation. Two generously sized primary suites offer luxurious accommodations with walk-in showers, jetted soaking tubs, dual-sink vanities, and elegant travertine tile finishes. Four additional guest bedrooms provide ample space for family and visitors, while the spacious game room with a wet bar creates the perfect setting for entertaining.With its generous floor plan, thoughtful layout, and prime central location, this home offers an exceptional opportunity to enjoy the Tahoe lifestyle with room for everyone.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143240
Sold Date 1800-01-01
Price/Sq Ft $359

Property History

Jul 23, 2026
Listed for sale
$1,488,000
Property Overview
Beds 6
Baths 5.0
Sq. Ft. 4,144
Lot Size 0.25 acres
Year Built 2017
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction El Dorado County
APN 034681002000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Bear-Proof Trash Can
View Forest
Construction Wood Frame
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 — 1513 Cree Street, South Lake Tahoe

Est. Annual Revenue
$95,570
Avg Nightly Rate
$540
Projected Occupancy
48.5%
Cap Rate
2.6%
Structural Score: 73 / 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

Over coverage limit
2,845 sq ft covered of 2,438 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,013 sq ft
Allowed Coverage
2,438 sq ft · 22%
Existing Coverage
2,845 sq ft · 26%
Addable Coverage
0 sq ft
IPES Score
824.0
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% ($297,600)
Home price
$1,488,000
Loan details
30-yr fixed, 6.5%
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