$979,000 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
1200 West Lake Boulevard #5
Tahoe City, CA 96145
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
3.0 Baths
·
2,276 Sq Ft
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About This Property

Offered is a rare 50% shared ownership interest in Unit #5 at Cedar Point, an intimate lakefront community on Tahoe’s North Shore comprised of just 18 residences across 6 wooded acres and a quick 1 mile walk or bike to Tahoe City downtown. With just 18 residences in the community, ownership opportunities at Cedar Point are limited and highly sought after. Tucked beneath towering pines, the residence offers the warmth and character of a classic Tahoe retreat, with soaring ceilings, exposed wood details, a dramatic stone fireplace, spacious gathering areas, and multiple outdoor decks that invite you to slow down and enjoy the surrounding forest setting. The generous floor plan provides plenty of room for hosting family and friends, with 3 ensuite bedrooms and two flex spaces that act as a fourth and fifth bedroom on the third floor. The primary suite is a retreat in its own with large walk in closet, private deck and dedicated office with lake views. What truly sets Cedar Point apart is the lifestyle. Owners enjoy access to an exceptional collection of lakefront amenities, including a private lakeside pool with hot tub, private pier, buoy access, and seasonal buoy attendant providing convenient access to and from your boat. Expansive grounds and ample resident and guest parking further add to the ease of ownership. Whether spending summer days on the water, gathering around the fireplace after a day in the mountains, or relaxing on the deck surrounded by Tahoe’s natural beauty, this 50% ownership opportunity offers an approachable way to enjoy a coveted North Lake Tahoe setting.

Listed by Monica Smith — Mountain Luxury Properties Tah

Listing Details

Status Active
MLS # 20261840
Days on Market 4
Price/Sq Ft $430

Property History

Sep 02, 2026
Listed for sale
$979,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 1995 · county record $105,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,276
Lot Size 0.32 acres
Year Built 1981
Property Type Timeshare
Style Contemporary
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 083500007000
Parking
Parking Features None, Parking Pad
Exterior & Lot
View Lake, Peek, Trees/Woods
Construction Frame
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $3,473 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s)
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
363 sq ft covered of 348 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,391 sq ft
Allowed Coverage
348 sq ft · 25%
Existing Coverage
363 sq ft · 26%
Addable Coverage
0 sq ft

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

1 expired permit
Residential Limited Plan Review · 2016-06-17
Construction Complete
Residential Bathroom Remodel Total Bathrooms (1) Remodel----------------140sf Note, no other work on this permit
Permit #BLD16-02603
Commercial - Full Review · 2008-10-06
Expired
reroof units 5&6 with comp
Permit #0300 31461.08
Building/Residential/Full Review/NA
DONE
Permit #TCON 24466

Public permit records from the Placer County permit portal, last checked 2026-09-02. 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% ($195,800)
Home price
$979,000
Loan details
30-yr fixed, 6.5%
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