$3,700,000
1865 Tahoe Park Heights 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.
3 Beds
·
4.5 Baths
·
3,549 Sq Ft
Virtual Tour

About This Property

Set against the stunning Sierra Nevada mountains, "Fairest Picture" is an architectural gem with unobstructed panoramic views of Lake Tahoe. This uniquely designed, multi-level home features rustic-chic interiors and a layout that artfully blends open communal areas with private retreats. The main level is the home’s centerpiece, featuring an open living, dining, and kitchen space with warm wood finishes, a wood-burning fireplace, floor-to-ceiling windows, and a chef’s kitchen with stainless steel appliances, granite countertops, and a built-in espresso machine. Downstairs, three ensuite bedrooms offer serene lake views, including a luxurious primary suite with a fireplace, private balcony, and spa-style bath. Upstairs, there is an additional bunk room and full bathroom with a steam shower offering an extra sleeping area for guests. Located on Tahoe’s sought-after West Shore and part of the Tahoe Park HOA, residents enjoy access to a private pier, beach, playground, bocce and volleyball courts, and more. Just minutes from Palisades Tahoe and Homewood Mountain Resort, this home offers year-round adventure wrapped in comfort, style, and breathtaking scenery.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 20251077
Days on Market 328
Price/Sq Ft $1,043

Property History

May 23, 2025
Listed for sale
$3,700,000
Property Overview
Beds 3
Baths 4.5
Sq. Ft. 3,549
Lot Size 1.00 acres
Stories 3
Year Built 1970
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 083-033-006
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Rental History,Sauna
Lot Features Downslope,Steep
View Lake,Panoramic-Lake,Panoramic,Mountain
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH,In Floor
Water Source Buoy Limited,Shared Pier
Financial
HOA Fee $490
HOA & Community
Community Amenities Beach Access
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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 — 1865 Tahoe Park Heights Drive, Tahoe City

Est. Annual Revenue
$192,465
Avg Nightly Rate
$1645
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 63 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Tahoe City. 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($740,000)
Home price
$3,700,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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