$13,500,000 Active
9898 Lake Street
Brockway, CA 96143
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
7 Beds
·
5.0 Baths
·
5,168 Sq Ft

About This Property

Fairwinds is a one-of-a-kind legacy property embodying the elegance, history, and glamour of Lake Tahoe's storied past. Originally built as a summer retreat for one of the most prominent families of the early 1900s, this is a rare opportunity to acquire a remarkable piece of Tahoe history and restore it to its former glory. Property addresses include 9898 Lake Street, 9892 Lake Street, and 9888 Pilot Lane. Rich in Old Tahoe architectural character, the estate captures an era when Lake Tahoe was an exclusive escape for high society. The home is being sold as-is and will require substantial renovation before it can be occupied — making this an ideal project for a visionary buyer, preservationist, or developer with the passion and resources to honor its heritage. For those with a different vision, the property also presents a compelling opportunity to start fresh — razing the existing structure and building a modern estate on one of the most coveted lakefront parcels in all of Tahoe. Either path leads to something extraordinary.The heart of the home is a great room with soaring ceilings, expansive lake-view windows, and a grand stone fireplace. A separate music room — backdrop for the estate's famed gatherings — adds unique character, along with lake-view sleeping quarters. Set along approximately 300 feet of pristine lake frontage, the property features a rare marina-style private pier with two boat slips — a foundation few Tahoe properties can offer regardless of condition. Fairwinds is a once-in-a-generation chance to steward a true piece of Tahoe history.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 20260953
Price/Sq Ft $2,612

Property History

May 22, 2026
Listed for sale
$13,500,000
Property Overview
Beds 7
Baths 5.0
Sq. Ft. 5,168
Lot Size 1.70 acres
Stories 2
Year Built 1934
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090-321-006
Parking
Parking Features One
Exterior & Lot
Exterior Features High Ceilings
Lot Features Level,Downslope,Gentle
View Lake,Panoramic-Lake,Panoramic
Construction Framed,Wooded
Roof Shake/Shingle
Utilities & Systems
Water Source Pier,Pier/Permitted
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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 — 9898 Lake Street, Brockway

Est. Annual Revenue
$467,082
Avg Nightly Rate
$4718
Projected Occupancy
27.0%
Cap Rate
1.4%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Brockway. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($2,700,000)
Home price
$13,500,000
Loan details
30-yr fixed, 6.5%
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