$1,088,000 Active
2902 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
·
2.0 Baths
·
2,093 Sq Ft

About This Property

Welcome to this updated mountain-style home in desirable Highland Woods, ideally located across from the meadow with a peek-a-boo view of Lake Tahoe. The sellers created a fun and inviting home designed for entertaining, with three bedrooms, two baths, and three separate living areas that offer plenty of room to gather, relax, or accommodate additional sleeping space. A full English bar and lounge adds a one-of-a-kind gathering space, while inviting indoor and outdoor spaces make entertaining easy.~ Recent updates include a new garage plus approximately 430 square feet of additional living space, full bar and lounge with hardwood flooring, LVP flooring in the kitchen and family room, stainless steel appliances, solid wood doors, vinyl dual-pane windows, new furnace, new roof, and fiber cement siding.~ Do you love the extra open space and view out back? You can also buy the vacant lot behind the property(2903 Lakewood Circle); the sellers are offering the home buyers first right to buy the land.

Listed by Jill Teakell — Compass

Listing Details

Status Active
MLS # 143481
Days on Market 3
Sold Date 1800-01-01
Price/Sq Ft $520

Property History

Sep 17, 2026
Listed for sale
$1,088,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2013 · county record $141,364 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. 2,093
Lot Size 0.14 acres
Year Built 1973
Property Type Single Family Residence
Subdivision Highland Woods (Res) 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031333029000
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Bear-Proof Trash Can
View Lake, Filtered
Construction Wood Frame, Other/See Remarks
Roof Pitched, 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
63
PROJECTED GROSS ANNUAL REVENUE
$25K – $70K typically ~$45,000
~$3,750 per month
Avg Nightly
$247
Occupancy
50%
Cap Rate
1.6%

STR Investment Summary — 2902 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
$25K – $70K
typically ~$45,000
Avg Nightly Rate
$247
Projected Occupancy
49.9%
Cap Rate
1.6%
Structural Score: 63 / 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

Room to build
1,202 sq ft covered of 1,801 sq ft allowed
599 sq ft of coverage still available to add.
Parcel Size
6,004 sq ft
Allowed Coverage
1,801 sq ft · 30%
Existing Coverage
1,202 sq ft · 20%
Addable Coverage
599 sq ft
Land Capability · TRPA-verified
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% ($217,600)
Home price
$1,088,000
Loan details
30-yr fixed, 6.5%
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