$4,000,000 Active
2885 West Lake Boulevard
Homewood, CA 96141
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
3.0 Baths
·
1,984 Sq Ft
Virtual Tour

About This Property

Discover lakeside living at it's finest with this extraordinary split-lakefront home featuring 91' of lake frontage and two buoys. Located in Hurricane Bay, one of the most coveted enclaves on Lake Tahoe's prestigious West Shore - because as the locals say, "West Shore is the Best Shore." Set on an expansive 21,168 sq. ft. lot, this property offers an unmatched connection to Tahoe's crystal water. Whether arriving by boat or enjoying the shoreline, this setting is nothing short of iconic. National Forest is your neighbor on the mountain side. The rustic cabin has been in this family since 1960 and has created so many cherished memories. The time has come for a new legacy for this exceptional property and presents a unique opportunity for those wishing to design and build their dream Lake Tahoe estate. Unparalleled access to world-class recreation surrounds you with Homewood Mountain Resort less than 3 miles away, Palisades Tahoe just 11 miles and all the excitement and culture of Tahoe City is only 4 miles to the north. The west shore bike trail is newly paved and right out the door. From snow-capped Winters to sunsoaked Summers, every Tahoe season is at your doorstep. This is more than a property - it's an invitation to live the Tahoe dream, where mountain luxury meets lakeside tranquility.

Listed by Jan Chamberlain — Chase International - TC

Listing Details

Status Active
MLS # 20252177
Days on Market 359
Price/Sq Ft $2,016

Property History

Sep 20, 2025
Listed for sale
$4,000,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2002 · county record $262,500 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 4
Baths 3.0
Sq. Ft. 1,984
Lot Size 0.49 acres
Year Built 1930
Property Type Single Family Residence
Style Chalet
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 085040027000
Parking
Parking Features None, RV Access/Parking, Parking Pad
Exterior & Lot
View Lake, Panoramic-Lake
Roof Composition
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$20K – $60K typically ~$40,000
~$3,333 per month
Avg Nightly
$342
Occupancy
32%
Cap Rate
0.4%

STR Investment Summary — 2885 West Lake Boulevard, Homewood

Est. Gross Annual Revenue
$20K – $60K
typically ~$40,000
Avg Nightly Rate
$342
Projected Occupancy
32.0%
Cap Rate
0.4%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from West Shore market data (111 comparable 4-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,166 sq ft covered of 3,937 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
21,186 sq ft
Allowed Coverage
3,937 sq ft · 19%
Existing Coverage
4,166 sq ft · 20%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
5

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 ↗

Building Permit History

Placer County permit records for this parcel

RESIDENTIAL: Limited Review (Electrical, Mechanical, Plumbing, Roof Solar, etc) · 2019-06-17
Construction Complete
Tear off Wood shingle roof and install a composition shingle roof. Color to be "Moire Black" STRUCTURE: House MATERIAL / ASSEMBLY: Composition Shingles CURRENT ROOF: Wood shingles OVERLAYING EXISTING: No # OF EXISTING LAYERS: 1
Permit #BLD19-02468
Building/Residential/Full Review/NA
DONE
Permit #TCON 6931
Building/Residential/Full Review/NA
DONE
Permit #TCON 1463

Public permit records from the Placer County permit portal, last checked 2026-09-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($800,000)
Home price
$4,000,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message