$989,000 Active
2847 Springwood 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
·
3.0 Baths
·
3,352 Sq Ft

About This Property

Price Improved For Quick Sale.Welcome to Springwood Drive in Highland Woods. One of South Lake Tahoe's most distinctive neighborhoods with miles of forest just beyond the backyard.Rarely do you find this combination of space, privacy, and location in the heart of town. Step out of your backyard into the forest, with trails leading toward the Truckee River, the lake, and miles of Tahoe scenery to explore. In summer, hop on your bike and connect with the area's extensive trail system, including the main bike path through town. Restaurants, shopping, beaches and Stateline entertainment are all close at hand, while winter brings easy access to Heavenly Mountain Resort.Lovingly cared for over the past 14 years, this substantial home offers more than 3,000 square feet of living space, plus approximately 455 square feet of finished, heated lower-level basement space not included in the stated living area. A termite inspection was completed on the 10th of September. Please contact listing agent for report.Inside, the scale of the home immediately sets it apart. Three generously sized bedrooms and three bathrooms are complemented by a chef's kitchen with butler's pantry, dedicated office, inviting reading nook and expansive living spaces designed for both everyday comfort and entertaining. Outside, a massive deck creates the perfect transition from the home to its remarkable forest backdrop.And then there's the basement. The approximately 455-square-foot finished lower level is currently used as an artist's studio, but its possibilities extend far beyond that creative space. This is a great space for a workshop, hobby room, storage, recreation area or whatever best suits the next owner. With an approximately 6'2 ceiling height down there, this space is not included in the home's reported living square footage, yet adds a significant amount of usable finished area.Additional highlights include a heated oversized garage and the kind of storage and flexibility that can be difficult to find in a Tahoe home.For buyers seeking room to spread out without giving up the convenience of being in the middle of South Lake Tahoe, Springwood Drive offers an uncommon combination: a large residence, a forest at your back door, trails and recreation all around you, and the best of Tahoe just minutes away.

Listed by Ryan Bryan — Ryan Bryan, Broker

Listing Details

Status Active
MLS # 143463
Days on Market 7
Sold Date 1800-01-01
Price/Sq Ft $295

Property History

Sep 06, 2026
Listed for sale
$989,000
Sep 13, 2026
Price reduced
$989,000 $1,049,000 ↓ $60,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2012 · county record $350,000 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 3.0
Sq. Ft. 3,352
Lot Size 0.17 acres
Year Built 1971
Property Type Single Family Residence
Style Gambrel
Subdivision Highland Woods (Res) 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031331016000
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Adjacent to Forest, Adjacent to Meadow
View Mountains, Meadow, Filtered, Forest
Construction Wood Frame, Wood Siding
Roof Composition
Foundation Basement/Finished, Basement/Unfinished
Utilities & Systems
Heating Forced Air, Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
69
PROJECTED GROSS ANNUAL REVENUE
$40K – $90K typically ~$60,000
~$5,000 per month
Avg Nightly
$317
Occupancy
52%
Cap Rate
2.4%

STR Investment Summary — 2847 Springwood 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
$40K – $90K
typically ~$60,000
Avg Nightly Rate
$317
Projected Occupancy
51.9%
Cap Rate
2.4%
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

Over coverage limit
2,265 sq ft covered of 377 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,580 sq ft
Allowed Coverage
377 sq ft · 5%
Existing Coverage
2,265 sq ft · 30%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 4, 7
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% ($197,800)
Home price
$989,000
Loan details
30-yr fixed, 6.5%
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