$30,000,000 Active
8901 Rubicon Drive
Meeks Bay, CA 96142
✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — no new permits are being issued.
7 Beds
·
8.0 Baths
·
5,210 Sq Ft
Virtual Tour

About This Property

A rare offering of 4.29 almost-all-level acres along over 600 feet of Rubicon shoreline, with sweeping views of iconic Big Blue—Lake Tahoe. This expansive lakefront estate captures the essence of “Old Tahoe” with its serene, private setting and timeless charm. Whether you're enjoying lawn games under the pines, relaxing on the viewing bench, or soaking in the sun on the spacious pier, the landscape invites peaceful moments and unforgettable gatherings. A protected boat house and two buoys provide ideal mooring for your watercraft. The multiple dwellings—including a main residence, guest house, and bunk house—complement the land without overpowering it, allowing the natural beauty of this extraordinary property to take center stage. Its connection to water sports, hiking and biking offer additional wellness attributes for extending your health span!

Listed by Katrine Watson — Chase International - TC

Listing Details

Status Active
MLS # 20250553
Days on Market 535
Price/Sq Ft $5,758

Property History

Apr 11, 2025
Listed for sale
$30,000,000
Property Overview
Beds 7
Baths 8.0
Sq. Ft. 5,210
Lot Size 4.29 acres
Year Built 1949
Property Type Single Family Residence
Style Modern
Subdivision Westshore LK TH
County El Dorado
STR Jurisdiction El Dorado County
APN 016251002,001
Parking
Parking Features None, Detached, Plumbing
Exterior & Lot
View Lake, Panoramic-Lake, Panoramic, Mountain(s)
Construction Frame
Roof Composition
Foundation Concrete Perimeter, Slab
Utilities & Systems
Heating Propane, Electric, Wall Furnace, In Floor
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
57
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.

STR Investment Summary — 8901 Rubicon 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.
Structural Score: 57 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
10,304 sq ft covered of 21,885 sq ft allowed
11,581 sq ft of coverage still available to add.
Parcel Size
127,595 sq ft
Allowed Coverage
21,885 sq ft · 17%
Existing Coverage
10,304 sq ft · 8%
Addable Coverage
11,581 sq ft
Land Capability · TRPA-verified
1a, 1b, 4
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 ↗ How the Basin compares

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

$181,003 per month
Principal & interest
$151,696/mo
Property taxes
$26,532/mo
1.0613% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$2,775/mo
CA FAIR Plan + DIC estimate, ~$27,900–$38,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($6,000,000)
Home price
$30,000,000
Loan details
30-yr fixed, 6.5%
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