Sold $1,100,000 $1,200,000 Closed
555 Virginia Drive
Tahoe City, CA 96145

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SOLD 2026-05-06
Sold for $1,100,000 (listed at $1,200,000)
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
3 Beds
·
2.0 Baths
·
1,593 Sq Ft
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It sold for $1,100,000 on 2026-05-06, 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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Our data on this home

About This Property

**A Tahoe City Jewel, Beautifully Reimagined** Located along the sun-drenched corridors of one of Lake Tahoe's most coveted neighborhoods, this recently remodeled three-bedroom, two-bathroom residence is an invitation to live where alpine grandeur meets effortless sophistication. Spanning nearly sixteen hundred square feet of thoughtfully curated interior space, every detail has been elevated to harmonize with the extraordinary natural canvas that surrounds it. Enter and discover luminous living areas bathed in abundant Sierra sunshine — a rare commodity that this home delivers in extraordinary measure. The remodel breathes contemporary elegance into mountain living, offering a refined retreat that feels both indulgent and intimately connected to the landscape beyond its walls. Outside, a privately fenced yard unfolds as your personal sanctuary — ideal for al fresco entertaining beneath towering pines or simply savoring the crystalline mountain air in blissful seclusion. Generous parking accommodations ensure convenience for both residents and guests alike. The location is nothing short of extraordinary. Tahoe House and New Moon Grocery Store sit right in the neighborhood, delivering everyday convenience with mountain-town charm. Access to the Truckee River and the celebrated Tahoe Rim Trail places world-class recreation at your doorstep, while William B. Layton Park offers waterfront leisure along Lake Tahoe's legendary shoreline. The nearby Tahoe City Transit Center provides seamless connectivity to premier ski resorts and vibrant dining destinations. Residents may also explore membership with Granlibakken, unlocking resort-caliber amenities including pool, tennis, and year-round activities. This is more than a home — it is a place where every morning greets you with mountain light and every evening whispers promises of alpine serenity. Your Tahoe chapter awaits.

Listed by Ricki Manahan — Allison James Estates & Homes

Listing Details

Status Closed
MLS # 20260177
Sold Date 2026-05-06
Sold Price $1,100,000
Price/Sq Ft $753

Property History

Feb 11, 2026
Listed for sale
$1,290,000
Current
Sold
$1,100,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2020 · via MLS history $820,000 — —
May 2026 · this listing $1,100,000 (+34%) Ricki ManahanAllison James Estates & Homes Michael FrickeLPT Realty, Inc

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. 1,593
Lot Size 0.23 acres
Year Built 1975
Property Type Single Family Residence
Style Ranch
Subdivision Tahoe City
County Placer
STR Jurisdiction Placer County
APN 094223003000
Parking
Parking Features None
Exterior & Lot
Lot Features Street
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Other/See Remarks

STR Investment Summary — 555 Virginia Drive, Tahoe City

Est. Gross Annual Revenue
$35K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
1.6%
Structural Score: 53 / 100 (Standard) · 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

Over coverage limit
2,532 sq ft covered of 2,467 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,869 sq ft
Allowed Coverage
2,467 sq ft · 25%
Existing Coverage
2,532 sq ft · 26%
Addable Coverage
0 sq ft

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 compares

Home Insurance Estimate

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

$2,800 – $3,200/yr
about $250/mo
Est. Rebuild Cost (Coverage A)
$669,060
FAIR Plan (fire)
$2,300/yr
DIC wrap (theft, water, liability)
$500 – $900/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
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