$4,350,000 Active
385 Lakeview Drive
Meeks Bay, CA 96142
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
7 Beds
·
4.5 Baths
·
4,524 Sq Ft
Virtual Tour

About This Property

Welcome to Lakeview Lodge, a 4,500± sq ft West Shore retreat with panoramic Lake Tahoe views and a coveted Meeks Bay location near the shoreline. The home blends classic mountain architecture with generous living spaces, refined finishes, and a strong indoor-outdoor connection. The main level features a dramatic great room with vaulted wood ceilings, exposed log detailing, distressed walnut flooring, cedar wainscoting, a granite fireplace, and expansive lakeview windows. The adjoining kitchen offers granite countertops, a large center island, gourmet appliances, a generous pantry, and custom knotty alder cabinetry. The spacious primary suite includes vaulted cedar ceilings, hardwood flooring, lake views, and a two-sided marble fireplace connecting the bedroom and spa-like bath. The lower level provides a lakeview family room, multiple guest bedrooms, two adjoining bunk rooms, three bathrooms, laundry, and a finished game room with pool table. A private hot tub deck offers a quiet place to relax after a day outdoors. Two expansive decks overlook Lake Tahoe and provide space for dining, lounging, and entertaining. Additional features include mature trees, usable outdoor areas, a paver driveway, and a two-car garage. Located near Meeks Bay Resort, the property offers convenient access to beaches, boating, hiking, Homewood, Tahoe City, Emerald Bay, and skiing throughout the Tahoe region. The seller currently uses valet in-and-out boat service through a nearby Homewood marina, with the possibility for the buyer to assume that service. 385 Lakeview Drive offers panoramic views, substantial square footage, timeless mountain design, and a premier West Shore setting. Offered turnkey for convenience.

Listed by David Westall — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20261620
Price/Sq Ft $962

Property History

Aug 03, 2026
Listed for sale
$4,350,000
Property Overview
Beds 7
Baths 4.5
Sq. Ft. 4,524
Lot Size 0.55 acres
Year Built 2008
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County El Dorado
STR Jurisdiction El Dorado County
APN 016324006000
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street, Rental History
View Lake, Panoramic-Lake, Panoramic, Mountain(s)
Construction Frame, Masonry, Log, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Propane, CFAH
📊

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 — 385 Lakeview Drive, Meeks Bay

Est. Annual Revenue
$176,715
Avg Nightly Rate
$1785
Projected Occupancy
27.0%
Cap Rate
1.6%
Structural Score: 77 / 100 (Luxury) · STR Zone: Red

Based on comparable vacation rental performance data for Meeks Bay. 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
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% ($870,000)
Home price
$4,350,000
Loan details
30-yr fixed, 6.5%
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