$2,750,000 Active
39 Observation 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.
5 Beds
·
3.0 Baths
·
2,344 Sq Ft

About This Property

Nestled in the prestigious Dollar Point community in Tahoe City, this architecturally distinctive mountain home by Jim Morton is a rare opportunity to own in one of North Lake Tahoe's most sought-after neighborhoods. Lake views, an open beam ceiling, rich redwood detailing, and a classic stone fireplace define the interior, while a bright, flexible floor plan including a family room or optional 5th bedroom and ample toy storage make this home as functional as it is beautiful. Dollar Point's private amenities are second to none: enjoy exclusive beach access with a pier and buoys, a community swimming pool, tennis, and pickleball, all just steps away. Whether you're carving runs at a world-class resort, exploring miles of hiking and biking trails, or gliding along Nordic tracks, adventure is always close. This is Tahoe living at its finest, a cherished family retreat for generations to come.

Listed by Amie Quirarte — Serhant California, Inc.

Listing Details

Status Active
MLS # 20261308
Days on Market 1
Price/Sq Ft $1,173

Property History

Jun 27, 2026
Listed for sale
$2,750,000
Property Overview
Beds 5
Baths 3.0
Sq. Ft. 2,344
Lot Size 0.27 acres
Stories 2
Year Built 1963
Property Type Single Family Residence
Style Mountain
Subdivision Tahoe City
County Placer
STR Jurisdiction Placer County
APN 093-071-004-000
Parking
Parking Features Two
Exterior & Lot
Lot Features Downslope
View Peek,Wooded
Construction Framed
Roof Composition
Utilities & Systems
Heating Natural Gas
Water Source Buoy Limited,Shared Pier
Financial
HOA / Community https://www.dollarpoint.org/
HOA & Community
Community Amenities Beach Access,Pool,Tennis Courts
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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 — 39 Observation Drive, Tahoe City

Est. Annual Revenue
$85,973
Avg Nightly Rate
$970
Projected Occupancy
24.7%
Cap Rate
1.3%
Structural Score: 56 / 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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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