$649,000 Active
2936 Pinewood Drive
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.5 Baths
·
1,134 Sq Ft

About This Property

Welcome to the desirable Highland Woods neighborhood! This beautifully updated 2 bedroom, office/den/bonus room, 1.5-bath home with a 2-car garage is situated on a sunny lot, and showcases quality craftsmanship and thoughtful upgrades throughout.The inviting living and dining areas feature vaulted ceilings, a ceiling fan, Armstrong engineered wood flooring, custom pine crown molding, quality Doug Fir interior doors throughout, and a stunning stone fireplace with a gas insert and handcrafted pine mantle. Just off the living room, a private office with double divided-light glass pocket doors offers the perfect space for working from home or a quiet retreat. Vinyl AMSCO windows with pine window sills bring in natural light while enhancing the home's warm character.The updated kitchen is designed for both style and functionality with upgraded cabinetry, Absolute Black granite countertops, a marble backsplash, and abundant storage. Home comes complete with a tankless water heater.The spacious primary bedroom features double mirrored closets and a ceiling fan. The primary bath offers tile flooring, upgraded cabinetry, and composite countertops. The second bedroom includes a ceiling fan, mirrored closet doors, and a sliding glass door that opens to a Trex landing and steps down to a large paver stone patio ideal for outdoor entertaining or relaxing.Additional highlights include an updated half bath with newer cabinetry, wainscoting, and composite countertops. A well-appointed laundry room with extensive cabinetry for storage.The attached 2-car garage features a new insulated garage door, work bench and cabinets and convenient access to the backyard.This exceptional Highland Woods home combines timeless craftsmanship, premium finishes, and modern upgrades in a highly sought-after neighborhood. Located near bike trails and the beaches. Don't miss the opportunity to make it yours!

Listed by Barbara Gerland — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 143281
Sold Date 1800-01-01
Price/Sq Ft $572

Property History

Aug 07, 2026
Listed for sale
$649,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2013 · county record $285,000 Deed record — brokerage sides not reported

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 2
Baths 1.5
Sq. Ft. 1,134
Lot Size 0.15 acres
Year Built 1972
Property Type Single Family Residence
Style Ranch
Subdivision Highland Woods (Res) 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031341006000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Construction Wood Frame, Wood Siding
Roof 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 — 2936 Pinewood Drive, South Lake Tahoe

Est. Annual Revenue
$36,958
Avg Nightly Rate
$189
Projected Occupancy
53.6%
Cap Rate
2.3%
Structural Score: 76 / 100 (Luxury) · STR Zone: Yellow

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
2,406 sq ft covered of 1,902 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,339 sq ft
Allowed Coverage
1,902 sq ft · 30%
Existing Coverage
2,406 sq ft · 38%
Addable Coverage
0 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 ↗

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% ($129,800)
Home price
$649,000
Loan details
30-yr fixed, 6.5%
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