$18,500,000
1639 Sherman Way
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
17 Beds
·
17.5 Baths
·
16,500 Sq Ft
·
668210 Lot
Virtual Tour

About This Property

An Icon at Altitude - Gunbarrel Lodge - - A true titan among Tahoe's most exclusive estates, this iconic alpine retreat sprawls across 15 private acres directly adjacent to Heavenly Ski Resort. As the only ski-in/ski-out residence on the California side of the mountain, its position is unmatched---and so are the panoramic lake and mountain views that stretch endlessly from every vantage point. - - A winding, gated approach leads to a striking porte-cochere and a six-car garage, topped by a four-bedroom guest residence complete with gourmet kitchen, expansive great room, covered outdoor dining, and a rooftop lounge with hot tub, fireplace, and unfiltered vistas of the basin. The compound itself delivers nearly 17,000 square feet of refined mountain living across two structures, offering 17 bedrooms and 18 baths, each appointed with sophisticated comfort and style. - - Inside, rustic grandeur meets modern craftsmanship. Soaring ceilings of reclaimed timber, circular-sawn hardwood floors with radiant heat, and hand-laid stonework create a richly textured ambiance throughout. The great room stuns with a glass wall that perfectly frames the lake, flooding the space with light and alpine energy. - - Culinary ambitions are met with a professional-grade kitchen featuring a 60-inch range, dual islands with natural-edge quartzite, a fully equipped butler's pantry, and generous custom cabinetry. Outdoor living is equally prioritized---multiple expansive decks offer built-in grills, fire features, and lounge areas that invite unforgettable gatherings under open skies. - - Entertainment options span from a fully-loaded game lounge with multiple TVs, billiards, shuffleboard, and poker tables, to a tiered home theater and a 500-square-foot indoor pool suite, complete with steam room, sauna, and fireplace. - - This rare legacy compound includes 12 fireplaces, air conditioning, forced-air heat, backup generator, three laundry areas, and comes turnkey furnished. With a proven rental track record and a pedigree that includes appearances on global television, it offers not only an extraordinary place to live---but a brand of its own.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 141900
Days on Market 258
Sold Date 1800-01-01
Price/Sq Ft $1,121

Property History

Jul 01, 2025
Listed for sale
$18,500,000
Property Overview
Beds 17
Baths 17.5
Sq. Ft. 16,500
Lot Size 15.34 acres
Year Built 2017
Property Type Single Family Residence
Style Contemporary
Subdivision Heavenly Valley Village
APN 030421002000
Parking
Garage Spaces 6
Parking Features RV Access/Parking, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub
Lot Features Adjacent to Forest
View Mountains, Meadow, Lake, Forest, Ski Resort
Construction Wood Frame, Wood Siding, Rock
Roof Pitched, Asphalt, Composition
Foundation Concrete/Crawl Space, Slab
Pool & Spa
Pool Indoor Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Radiant Heat-Floor
Cooling Central Refrig. A/C
📊

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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($3,700,000)
Home price
$18,500,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444