$995,000 Active
515 Virginia 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.
3 Beds
·
2.0 Baths
·
1,344 Sq Ft
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About This Property

Nestled in the heart of one of Tahoe City's most coveted West Shore neighborhoods, 515 Virginia Drive is the quintessential mountain retreat. This charming three-bedroom, two-bath Bavarian-style chalet offers timeless Tahoe character just minutes from downtown Tahoe City, the crystal-clear waters of Lake Tahoe, and the scenic Truckee River. Adventure begins right outside your door, with world-class skiing at Palisades Tahoe and the incredible trail network of Paige Meadows just moments away. Whether you're skiing, hiking, biking, or paddling, every season brings endless opportunities to enjoy the Sierra lifestyle. The bright and inviting kitchen opens seamlessly to a spacious dining area and great room, where soaring vaulted ceilings creates the perfect gathering space. The thoughtful floor plan features one bedroom and a full bathroom on the main level, while two additional bedrooms and a guest bathroom are tucked upstairs, providing comfortable accommodations for family and friends. Outside, the sun-drenched, level parcel offers plenty of space to relax, entertain, and enjoy the mountain air. A brand-new driveway provides ample parking, while two storage sheds offer the perfect place to keep all your Tahoe gear, from skis and snowboards to bikes, kayaks, and paddle boards. After a day of adventure, gather with family and friends in the inviting great room as snowflakes drift outside in the winter, or unwind on the spacious deck while taking in peaceful Sierra sunsets in the majestic summers. Full of warmth, character, and classic Tahoe charm, this inviting mountain chalet is ready for its next owners to create a lifetime of unforgettable memories.

Listed by James Donahue — COMPASS

Listing Details

Status Active
MLS # 20261548
Days on Market 1
Price/Sq Ft $740

Property History

Jul 25, 2026
Listed for sale
$995,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,344
Lot Size 0.23 acres
Year Built 1964
Property Type Single Family Residence
Style Bavarian
Subdivision Tahoe City
County Placer
STR Jurisdiction Placer County
APN 094223001000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
Construction Wood Siding
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Floor Furnace
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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 — 515 Virginia Drive, Tahoe City

Est. Annual Revenue
$38,987
Avg Nightly Rate
$202
Projected Occupancy
52.7%
Cap Rate
1.6%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Tahoe City. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,358 sq ft covered of 2,557 sq ft allowed
1,199 sq ft of coverage still available to add.
Parcel Size
10,226 sq ft
Allowed Coverage
2,557 sq ft · 25%
Existing Coverage
1,358 sq ft · 13%
Addable Coverage
1,199 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
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