$1,295,000
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

3120 Polaris Rd | Tahoe City Now offered at $1,295,000, 3120 Polaris Rd represents one of the most compelling opportunities in Tahoe City’s highly sought-after Highlands neighborhood — currently the only 5-bedroom single-family home available on the North Shore at this price point. Located within one of Tahoe City’s most desirable neighborhoods, this longtime primary residence of professional freeskier Michelle Parker offers a true Tahoe 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. County records reflect the home as 3 bedrooms and 2.5 baths, but it lives as a highly functional 5-bedroom layout — a rare level of flexibility in this price range. Thoughtfully updated throughout, the home features a remodeled kitchen, open living space, 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. The property offers a fenced yard and filtered lake views, adding to its livability and connection to the Tahoe setting. A two-car garage and key system upgrades — including a newer roof, furnace, and recently added AC — provide a strong foundation for immediate enjoyment with the opportunity to personalize over time. The Seller has identified her next home and is motivated to move forward. A licensed appraisal completed in February 2026 valued the property at $1,620,000, providing strong support for the current offering. For buyers seeking space, flexibility, and direct access to Tahoe’s best outdoor amenities, 3120 Polaris stands apart as one of the best value opportunities in today’s North Lake Tahoe market.

Listed by Ming Poon — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260585
Days on Market 3
Price/Sq Ft $609

Property History

Apr 15, 2026
Listed for sale
$1,295,000
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 20260236
Parking
Parking Features Two
Exterior & Lot
Lot Features Downslope
View Filtered,Wooded
Construction Wooded
Roof Composition
Utilities & Systems
Heating Natural Gas,CFAH
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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 — 3120 Polaris Road, Tahoe City

Est. Annual Revenue
$103,459
Avg Nightly Rate
$1068
Projected Occupancy
26.9%
Cap Rate
3.2%
Structural Score: 73 / 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% ($259,000)
Home price
$1,295,000
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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