$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 Rare New Lakefront Estate on Tahoe’s West Shore with an upper undeveloped lot well-suited for a future five bedroom guest house or sport court. This breathtaking brand new 4,095 sq. ft. lakefront residence sits on a one-acre estate parcel with rare southern exposure, offering some of the most stunning mountain and lake vistas in all of Lake Tahoe. With 100 feet of frontage, private buoys, adjoining pier privileges, white sand during low water, a deep water pier, plus a private detached 295 sq. ft. shoreline cabana with a spacious deck on the crystal clear turquoise waters, this property is designed for both elegance and comfortable lakeside living. The high end estate offers two points of entry—one via private Drum Road and the other through a gated entry on Highway 89—leading to an upper portion well-suited for a future five bedroom guest house or sport court. Additional amenities include a detached two-car garage with a potential for an expanded indoor parking on the upper portion of the property. Enter through the foyer to the primary suite on one side and three additional lakeview guest suites along a light-filled gallery. A sun deck provides the perfect setting for morning coffee, afternoon relaxation, or evening cocktails. There is a chase in place for future elevator. The lower level is designed for gathering and entertaining. Stairs lead to a well-appointed kitchen with a large pantry and fireplace, opening to a central patio with its own fireplace. A windowed hallway with a wine room connects to the living room, while a secondary staircase links to the guest wing overlooking Mt. Tallac—an inviting retreat for quiet reading. The central patio is ideal for summer celebrations, with steps leading down to the water’s edge. From here, stroll along the stone pathway to the adjoining pier where your boat awaits. Along the shoreline, the modern and stylish lakeside cabana—complete with a full bath—offers a unique setting for meditation, summer lunch “cook outs” on the deck and an occasional overnight “camp out,” a serene escape by the lake. Natural boulders line the peaceful shoreline of white sand and turquoise waters, located just south of Sugar Pine Point State Park, walking distance to hiking for all levels, and enjoying the best crystal clear water that Tahoe has to offer. This property is conveniently located on a very desirable private road, between Tahoe City and Emerald Bay which are only 15 min away. Nearby charming, Homewood —renowned for skiing with lake views—is minutes away, with fine dining and water sports options. Welcome to the heart of the West shore of Lake Tahoe. The upcoming Discovery Land Company development of Homewood Mountain Resort will include a new village at Homewood. Ideal for both winter and summer vacations, combining modern amenities with iconic Old Tahoe timeless elegance. Visit www.DrumHavenLakefront.com

Listed by Katrine Watson — Chase International - TC

Listing Details

Status Active
MLS # 20251936
Days on Market 290
Price/Sq Ft $5,372

Property History

Aug 22, 2025
Listed for sale
$22,000,000
Property Overview
Beds 4
Baths 5.5
Sq. Ft. 4,095
Lot Size 1.07 acres
Stories 2
Year Built 2026
Property Type Single Family Residence
Style Modern
Subdivision Westshore LK TH
County Placer
STR Jurisdiction El Dorado County
APN 016-300-620-00
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Heated Drive,Wine Room
Lot Features Downslope,Varies
View Lake,Panoramic-Lake,Mountain
Construction Framed
Roof Other
Foundation Perim Block
Utilities & Systems
Heating Hydronic
Water Source Buoy Permitted,Shared Pier
📊

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
$756,756
Avg Nightly Rate
$6468
Projected Occupancy
32.0%
Cap Rate
1.4%
Structural Score: 80 / 100 (Luxury) · STR Zone: Red

Based on comparable vacation rental performance data for Tahoma. 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% ($4,400,000)
Home price
$22,000,000
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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