$22,000,000 Active
255 Drum Road
Tahoma, CA 96142
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4 Beds
·
5.5 Baths
·
4,095 Sq Ft

About This Property

A 2026 build 4,095 sq. ft. lakefront residence sitting on a one-acre estate parcel with southern exposure and breathtaking panoramic lake and mountain views. Plus an additional 295 sq. ft. shoreline detached cabana with full bath and spacious deck right on the turquoise waters of Lake Tahoe's West Shore. With 100 feet of lake frontage, private buoy (with second buoy to be applied and approved) and adjoining deep-water pier privileges. Expansion privilages with 3,500 sq. ft. of approved Entitlement for a future large guest house, expanded garage, or sport court in the upper lot. The property has two points of access— one via private Drum Road to access the main house, and the other through a gated entry on Highway 89 leading to an upper portion perfectly suited for your future guest house, sport court or a 4 car garage. Seller will offer a discount if he is allowed to retain the upper portion and its entitlements. In the new build Main house, Enter through the foyer to the principal en-suite bedroom with magnificent lakeviews. Four steps lead to three additional lake view guest en-suites, two sharing a large and sunny deck. Take the elevator to the lower level designed for gathering and entertaining with a well-appointed kitchen, a large pantry and fireplace, opening to a central patio with stunning lake views, grass, and its own fireplace. A windowed hallway with access to the lakeside patio, connects to the spacious Living room with spectacular lake and Mountain Views, while a secondary staircase leads again to the three en-suites. Outside, the lakeside central patio is ideal for summer celebrations, with steps leading down to a landscaped lawn enhanced by flower bushes. Then stroll along a rock garden and stone pathway to the water’s edge or to the pier for access to loading onto your boat. Otherwise relax at your stylish lakeside cabana, offering a unique setting for meditation, summer cookouts, or an occasional overnight "camp out" right on the water's edge. Natural boulders line the peaceful shoreline, located just south of Sugar Pine Point State Park. You are walking distance to great hikes for all levels, and you get to enjoy the amazing turquoise water that the West Shore of Lake Tahoe has to offer. Conveniently located off highway 89 on a highly desirable quiet Drum road, between Tahoe City and Emerald Bay (both only 15 minutes away). The charming nearby Homewood—renowned for its skiing with lake views—is just minutes away for fine dining, winter and summer sports. With the upcoming approved development of Discovery Land Company bringing an attractive new village to Homewood Mountain Resort, this spot, minutes away from the property, will be the ultimate year-round destination combining modern amenities with iconic Old Tahoe timeless elegance. Visit www.DrumHavenLakefront.com for more information and a video tour.

Listed by Katrine Watson — Chase International - TC

Listing Details

Status Active
MLS # 20251936
Days on Market 354
Price/Sq Ft $5,372

Property History

Aug 23, 2025
Listed for sale
$22,000,000
Property Overview
Beds 4
Baths 5.5
Sq. Ft. 4,095
Lot Size 1.07 acres
Year Built 2026
Property Type Single Family Residence
Style Modern
Subdivision Westshore LK TH
County Placer
STR Jurisdiction El Dorado County
APN 01630062000
Parking
Garage Spaces 2
Parking Features Two, Heated Drive, Detached
Attached Garage Yes
Exterior & Lot
View Lake, Peek, Filtered, Panoramic-Lake, Panoramic, Trees/Woods, Mountain(s)
Construction Frame
Roof Other
Foundation Perim Block
Utilities & Systems
Heating Hydronic
📊

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 — 255 Drum Road, Tahoma

Est. Annual Revenue
$757,458
Avg Nightly Rate
$6474
Projected Occupancy
32.0%
Cap Rate
1.4%
Structural Score: 81 / 100 (Luxury) · STR Zone: Red

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
5,138 sq ft covered of 784 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
47,345 sq ft
Allowed Coverage
784 sq ft · 2%
Existing Coverage
5,138 sq ft · 11%
Addable Coverage
0 sq ft
IPES Score
821.0
Land Capability · TRPA-verified
1b, 4, IPES

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 ↗

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% ($4,400,000)
Home price
$22,000,000
Loan details
30-yr fixed, 6.5%
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