Sold $3,600,000 $3,700,000 Closed
1865 Tahoe Park Heights Drive
Tahoe City, CA 96145

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SOLD 2026-05-15
Sold for $3,600,000 (listed at $3,700,000)
3 Beds
·
4.5 Baths
·
3,549 Sq Ft
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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 Closed
MLS # 20251077
Sold Date 2026-05-15
Sold Price $3,600,000
Price/Sq Ft $1,043

Property History

May 24, 2025
Listed for sale
$3,950,000
Current
Sold
$3,600,000
Property Overview
Beds 3
Baths 4.5
Sq. Ft. 3,549
Lot Size 1.00 acres
Year Built 1970
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 083033006
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Rental History
View Lake, Panoramic-Lake, Panoramic, Mountain(s)
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH, In Floor
Financial
HOA Fee $490 / Annually
HOA & Community
Community Amenities Beach Access

STR Investment Summary — 1865 Tahoe Park Heights Drive, Tahoe City

Est. Gross Annual Revenue
$55K – $80K
typically ~$65,000
Avg Nightly Rate
$557
Projected Occupancy
32.0%
Cap Rate
0.7%
Structural Score: 72 / 100 (Premium) · 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,564 sq ft covered of 408 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
40,832 sq ft
Allowed Coverage
408 sq ft · 1%
Existing Coverage
3,564 sq ft · 9%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a

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 ↗ How the Basin compares

Home Insurance Estimate

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

$8,200 – $9,500/yr
about $738/mo
Est. Rebuild Cost (Coverage A)
$1,951,950
FAIR Plan (fire)
$6,800/yr
DIC wrap (theft, water, liability)
$1,400 – $2,700/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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