$2,600,000 Active
130 Observation Drive
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
·
3,294 Sq Ft
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About This Property

If you have been looking for a home in Dollar Point, one of the most sought after communities on the north shore of beautiful Lake Tahoe, then here is your opportunity. Dollar Point has wonderful amenities for its members to enhance the Lake Tahoe experience. This well maintained, spacious lakeview Dollar Point home is well laid out for entertaining family and friends. it is a short walk to the association's swimming pool, upper tennis/pickleball and bocce ball courts and other amentities. The proximity to bike trails, Tahoe City and world class ski areas allows year-round enjoyment of all that Lake Tahoe has to offer. The upper floor layout features a large lakeview great room with a vaulted ceiling and a real woodburning fireplace, a master suite with steam shower, plus an additional bedroom and bathroom. The sunny front deck runs the full width of the great room. Downstairs on the entry level there is a family room, two additional bedrooms and a bathroom. The two-car garage offers additional value with space equivalent to a full third parking bay which could be used for storage of all your Tahoe toys or possibly the addition of further living space. The home is being sold furnished with a few exceptions so it is available to enjoy immediately.

Listed by Bard Wilmar — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261678
Days on Market 4
Price/Sq Ft $789

Property History

Aug 11, 2026
Listed for sale
$2,600,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 1990 · county record $435,000 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.

Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,294
Year Built 1990
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 093112014
Parking
Garage Spaces 2
Parking Features Two, Attached, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Filtered, Mountain(s)
Roof Composition
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $1,420 / Annually
HOA & Community
Community Amenities Beach Access, Pool, Tennis Court(s), Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

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

STR Investment Summary — 130 Observation Drive, Tahoe City

Est. Annual Revenue
$69,841
Avg Nightly Rate
$399
Projected Occupancy
47.8%
Cap Rate
1.1%
Structural Score: 71 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Tahoe City. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,737 sq ft covered of 2,382 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,005 sq ft
Allowed Coverage
2,382 sq ft · 22%
Existing Coverage
2,737 sq ft · 25%
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 ↗

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% ($520,000)
Home price
$2,600,000
Loan details
30-yr fixed, 6.5%
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