Sold $930,000 $975,000 Closed
515 Virginia Drive
Tahoe City, CA 96145

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SOLD 2026-09-28
Sold for $930,000 (listed at $975,000)
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 Closed
MLS # 20261548
Sold Date 2026-09-28
Sold Price $930,000
Price/Sq Ft $725

Property History

Jul 25, 2026
Listed for sale
$995,000
Aug 21, 2026
Price reduced
$975,000 $995,000 ↓ $20,000
Sep 08, 2026
Pending
$975,000
Sep 30, 2026
Sold
$930,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2014 · county record $242,500 Deed record — brokerage sides not reported
Sep 2026 · this listing $930,000 (+284%) James DonahueCOMPASS Sami BassSierra Sotheby's Int Realty TC

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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

STR Investment Summary — 515 Virginia Drive, Tahoe City

Est. Gross Annual Revenue
$35K – $60K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 56 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Tahoe City market data (162 comparable 3-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

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 · est.
2,557 sq ft · 25%
Existing Coverage · est.
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. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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 compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,400 – $2,800/yr
about $217/mo
Est. Rebuild Cost (Coverage A)
$564,480
FAIR Plan (fire)
$2,000/yr
DIC wrap (theft, water, liability)
$400 – $800/yr

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
This home sold

It sold for $930,000 on 2026-09-28, so it can't be toured.

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