$1,350,000
3120 Polaris Road
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.
5 Beds
·
2.5 Baths
·
2,128 Sq Ft
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About This Property

Now offered at $1,350,000, 3120 Polaris Rd represents a rare opportunity in Tahoe City’s desirable Highlands neighborhood—currently the only 5-bedroom single-family home available on the North Shore under $1.4M. Tucked into one of Tahoe City’s most sought-after streets, this longtime primary residence of professional freeskier Michelle Parker offers a true basecamp for year-round living and adventure. With immediate access to Tahoe Cross Country trails and a paved bike path connecting directly to Tahoe City, the lake, and beyond, the lifestyle here begins right out the front door. The home is configured as 3 bedrooms and 2.5 baths per county records, but lives as a functional 5-bedroom layout, offering a level of flexibility rarely found at this price point. Thoughtfully updated throughout, it features a remodeled kitchen, open living area, and renovated upstairs and bathrooms. Additional rooms currently serve as a home office, music room, and storage space—easily adaptable for guests, fitness, or gear to support Tahoe living. Set on a quiet, local-favorite street with strong sun exposure and privacy, the property combines location, usability, and value in a way that is increasingly difficult to find. A two-car garage and key system upgrades—including a newer roof, furnace, and recently added AC—provide a solid foundation for immediate enjoyment with room to personalize over time. For buyers seeking space, functionality, and direct access to Tahoe’s best outdoor amenities, 3120 Polaris stands apart in today’s market.

Listed by Ming Poon — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20260236
Days on Market 57
Price/Sq Ft $634

Property History

Feb 10, 2026
Listed for sale
$1,350,000
Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,128
Lot Size 0.32 acres
Stories 2
Year Built 1978
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 093-171-005-000
Parking
Parking Features Two
Exterior & Lot
Lot Features Downslope
View Filtered,Wooded
Construction Wooded
Roof Composition
Utilities & Systems
Heating Natural Gas,Other
📊

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 — 3120 Polaris Road, Tahoe City

Est. Annual Revenue
$81,623
Avg Nightly Rate
$842
Projected Occupancy
26.9%
Cap Rate
2.4%
Structural Score: 67 / 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% ($270,000)
Home price
$1,350,000
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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