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About This Property
Rare Riverfront Retreat in Christmas Valley on 3/4 Acre Lot with Detached Guest Quarters.Welcome to your private mountain sanctuary on the North Upper Truckee River, a truly rare and unique offering nestled in the peaceful Christmas Valley neighborhood of South Lake Tahoe. Step out your back door to enjoy direct beach access and trout fishing from your own private stretch of riverfront. Soak in the serenity from your spacious, newly constructed deck overlooking the backyard and tranquil pond with a water feature.The main residence features 5 bedrooms, 3 bathrooms, and charming custom architecture filled with energetic warmth and thoughtful design. With a flexible layout ideal for full-time living, vacation use, or rental income. The striking foyer welcomes you with a grand two-tiered staircase and custom alder woodwork throughout. The main level features a formal dining room, living room with backyard views, a bright kitchen with a breakfast nook, one out of the five bedrooms and an additional flex space which could be used as a music room, family room, or formal sitting area.Upstairs, the octagon-shaped primary suite is bathed in natural light, with dual closets (including a spacious walk-in) and a spa-like bathroom featuring a steam shower. Three additional bedrooms, including one with a cozy bay window seat, provide ample space for guests or family.A detached1-bed, 1-bath guest house sits right on the riverbank, a serene escape for guests or a proven income-generating hosted rental that has produced $30,000+ in annual gross revenue.Other features include: Wraparound covered deck Two-car garage + RV/boat parking Whole-house generator transfer switch High-pitched roof with enormous attic space potential for third-story living Walk-in pantry and separate laundry room And More! Located just 11 miles to Heavenly California Lodge, 12 miles to Sierra-at-Tahoe, and 23 miles to Kirkwood for world class skiing. Also, there are miles of mountain bike and hiking trails right from your doorstep. This is a true four-season basecamp for outdoor enthusiasts.Don't miss this once in a lifetime opportunity to own a riverfront estate with income potential, abundant space, and timeless mountain charm.
Listing Details
Property History
STR Investment Summary — 3397 Beaver Brae, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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
