$2,750,000 Active
8518 Meeks Bay Avenue
South Lake Tahoe, CA 96150
✗ 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.
4 Beds
·
3.5 Baths
·
2,874 Sq Ft

About This Property

Set on the lakeside of Highway 89 along Tahoe's quiet southwest shore, this brand-new mountain-modern residence occupies a rare position between Rubicon and Meeks Bay, where limited development, dramatic shoreline and crystal-clear water define one of the lake's most distinctive settings. Directly across from the lake's edge, the home enjoys excellent water views and is just a short distance from the sandy beaches of Meeks Bay, with Homewood Mountain Resort only minutes north. Designed and built by one of the area's most accomplished builders, the 3-story home pairs cedar siding and stucco with Andersen windows, clean lines and expansive decks that draw the outdoors into nearly every level. The top-floor great room captures the home's strongest outlook with vaulted ceilings, wide-plank flooring and a dramatic fireplace. A bifold door opens to the lake-view deck, while the adjoining kitchen features custom cabinetry, contrasting stone surfaces and a waterfall-edge island. The middle level offers a second living space and 3 bedrooms, including a spacious primary suite with a walk-in closet and spa-inspired bath. Downstairs, an additional ensuite bedroom, wet bar and flexible living area create an ideal guest retreat or extended-family space. In a shoreline enclave where inventory is already limited, brand-new construction on the lakeside of Highway 89 is a true rarity. This is a property defined as much by where it sits as by what was built.

Listed by Mark Salmon — COMPASS

Listing Details

Status Active
MLS # 20261967
Days on Market 3
Price/Sq Ft $957

Property History

Sep 17, 2026
Listed for sale
$2,750,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,874
Lot Size 0.14 acres
Year Built 2026
Property Type Single Family Residence
Style Contemporary
Subdivision Westshore LK TH
County El Dorado
STR Jurisdiction El Dorado County
APN 016101067
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Lake, Filtered, Trees/Woods, Mountain(s)
Construction Frame, Wood Siding, Stucco
Roof Composition
Foundation Slab
Utilities & Systems
Heating Propane, Heat Pump
Cooling Air Conditioning
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
63
PROJECTED GROSS ANNUAL REVENUE
$50K – $90K typically ~$70,000
~$5,833 per month
Avg Nightly
$400
Occupancy
48%
Cap Rate
1.0%

STR Investment Summary — 8518 Meeks Bay Avenue, South Lake Tahoe

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 – $90K
typically ~$70,000
Avg Nightly Rate
$400
Projected Occupancy
47.9%
Cap Rate
1.0%
Structural Score: 63 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. 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% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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