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It sold for $1,250,000 on 2026-05-21, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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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.
Listing Details
Property History
STR Investment Summary — 3120 Polaris Road, Tahoe City
Nightly rates and occupancy from Tahoe City market data (136 comparable 4-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
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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
