Sold $670,000 $700,000 Closed
470 Park Avenue
Homewood, CA 96141

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SOLD 2025-11-01
Sold for $670,000 (listed at $700,000)
2 Beds
·
1.0 Baths
·
1,072 Sq Ft
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About This Property

This sunny flat Tahoe Pines corner lot with an older cabin and easy access is a great opportunity to get into one of Lake Tahoe's most cherished neighborhoods, Tahoe Pines. Savor easy access to both the property and the house with convenient parking close to the front door. The southern sun exposure warms the cabin and provides a good melt to the off-street parking in the wintertime. Its traditional floor plan has the main living area, a bedroom, and a bathroom at street level. The second bedroom is a large loft, big enough for a king-size bed. The open floor plan creates a fun space for gatherings with a flexible dining area great for dinner parties. Tons of fun is to be had without touching your car. This is an exceptional location from which to pull a kayak from the house to the water's edge. The sandy beach has a secluded feel and an optional HOA deep-water pier. The neighborhood backs to Blackwood Canyon, offering beaver ponds, Aspen groves, meandering creeks, meadows of wildflowers and fall color, and a lifetime's worth of adventure. Two blocks to the Westshore bike path, now stretching all the way from Tahoe City to Meeks Bay. Just one mile to Homewood Ski Area.

Listed by Yvette Shipman — Sierra Sotheby's Int Realty TC

Listing Details

Status Closed
MLS # 20251742
Sold Date 2025-11-01
Sold Price $670,000
Price/Sq Ft $653

Property History

Aug 01, 2025
Listed for sale
$700,000
Current
Sold
$670,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,072
Lot Size 0.17 acres
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 085154004000
Parking
Parking Features None, Other
Exterior & Lot
Lot Features Street, Corner Lot
View Trees/Woods
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, Wood
Financial
HOA Fee $200 / Annually
HOA & Community
Community Amenities Beach Access

STR Investment Summary — 470 Park Avenue, Homewood

Est. Gross Annual Revenue
$30K – $55K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
2.3%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from West Shore market data (70 comparable 2-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,000 – $2,400/yr
about $183/mo
Est. Rebuild Cost (Coverage A)
$589,600
FAIR Plan (fire)
$1,700/yr
DIC wrap (theft, water, liability)
$300 – $700/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
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