$685,000 Active
1460 Matheson Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
3 Beds
·
2.0 Baths
·
1,451 Sq Ft

About This Property

Classic Tahoe character meets everyday convenience at 1460 Matheson Drive. This inviting, fully furnished A-frame/chalet-style home offers the mountain feel you will love, complemented by tasteful updates throughout the kitchen and bathrooms. A newer redwood front deck creates a welcoming spot to relax and enjoy the Tahoe setting, while the backyard shed and generous one-car garage provide valuable space for storage, vehicles, bikes, skis, and all the gear that comes with mountain living. Centrally located with easy access to Bijou Community Park and the Powerline Trail, outdoor recreation is right at your fingertips, while the lake, Heavenly, dining, shopping, and town amenities are all just minutes away. A charming mountain home in an ideal location for enjoying South Lake Tahoe in every season.

Listed by Ashley Petticrew — eXp Realty of California

Listing Details

Status Active
MLS # 143431
Days on Market 7
Sold Date 1800-01-01
Price/Sq Ft $472

Property History

Sep 06, 2026
Listed for sale
$685,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2018 · county record $424,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,451
Lot Size 0.16 acres
Year Built 1971
Property Type Single Family Residence
Subdivision Pioneer Village Homes 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025767002000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
64
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$236
Occupancy
52%
Cap Rate
2.6%

STR Investment Summary — 1460 Matheson Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$236
Projected Occupancy
52.3%
Cap Rate
2.6%
Structural Score: 64 / 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

Over coverage limit
2,442 sq ft covered of 2,069 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,898 sq ft
Allowed Coverage
2,069 sq ft · 30%
Existing Coverage
2,442 sq ft · 35%
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% ($137,000)
Home price
$685,000
Loan details
30-yr fixed, 6.5%
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