Sold $965,000 $995,000 Closed
125 Lassen Drive #4
Tahoe City, CA 96145

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SOLD 2026-02-02
Sold for $965,000 (listed at $995,000)
3 Beds
·
2.0 Baths
·
1,538 Sq Ft
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Our data on this home

About This Property

Lake Tahoe Living with Premier Amenities. 125 Lassen Drive #4 offers a rare opportunity to enjoy one of Tahoe City’s most exclusive amenity packages. Nestled between Skylandia and Dollar Point, this property provides effortless access to a private pool, tennis courts, a sandy beach with umbrellas and chairs, kayak storage, and a buoy field that makes lake access simple and convenient. The community’s privacy is unmatched, accessible only to owners and their guests, creating an intimate and relaxed atmosphere. With HOA dues at just $3260 per quarter, these exceptional amenities are an incredible value. The residence itself offers an open and inviting layout, perfect for year-round living or a mountain retreat. Outdoor spaces let you take in the fresh Tahoe air, while the home’s location keeps you close to Tahoe City dining, trails, and endless recreation.

Listed by Jamison Blair — COMPASS

Listing Details

Status Closed
MLS # 20251705
Sold Date 2026-02-02
Sold Price $965,000
Price/Sq Ft $647

Property History

Jul 25, 2025
Listed for sale
$1,125,000
Current
Sold
$965,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,538
Lot Size 0.02 acres
Year Built 1973
Property Type Residential
Style Other
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 093550008
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
View Peek, Trees/Woods
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $3,260 / Quarterly
HOA & Community
Community Amenities Beach Access, Pool, Tennis Court(s)

STR Investment Summary — 125 Lassen Drive #4, Tahoe City

Est. Gross Annual Revenue
$35K – $60K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 44 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Tahoe City market data (162 comparable 3-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,900 – $2,200/yr
about $171/mo
Est. Rebuild Cost (Coverage A)
$461,400
FAIR Plan (fire)
$1,600/yr
DIC wrap (theft, water, liability)
$300 – $600/yr

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
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