$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
Days on Market 49
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

Red Zone
STRUCTURAL SCORE Luxury
77
PROJECTED GROSS ANNUAL REVENUE
$50K – $85K typically ~$65,000
~$5,417 per month
Avg Nightly
$660
Occupancy
27%
Cap Rate
0.6%

STR Investment Summary — 385 Lakeview Drive, Meeks Bay

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$50K – $85K
typically ~$65,000
Avg Nightly Rate
$660
Projected Occupancy
27.0%
Cap Rate
0.6%
Structural Score: 77 / 100 (Luxury) · STR Zone: Red

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
4,159 sq ft covered of 238 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
23,828 sq ft
Allowed Coverage
238 sq ft · 1%
Existing Coverage
4,159 sq ft · 17%
Addable Coverage
0 sq ft
IPES Score
761.0
Land Capability · TRPA-verified
IPES
Existing Units
1

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

No building permits on file with Placer County for this parcel.

Public permit records from the Placer County permit portal, last checked 2026-09-20. 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% ($870,000)
Home price
$4,350,000
Loan details
30-yr fixed, 6.5%
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