$2,995,000 Active
468 Bay View Drive
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.
5 Beds
·
3.5 Baths
·
3,722 Sq Ft
Virtual Tour

About This Property

Perched on a spectacular ridge above Meeks Bay, this panoramic lake view home showcases the breathtaking beauty of Lake Tahoe’s surrounding mountains and peaks. Blending sought after privacy with protected Conservancy land, the home also offers easy recreational access to one of the best white sand beaches at the lake just below. Nearly every room is thoughtfully oriented to frame those incredible views. This property truly has it all. With hiking trails right outside the door, you’ll never need a car to immerse yourself in the natural beauty of Old Lake Tahoe’s western shore. One can easily enjoy a day of adventure on the trails and transition to a relaxing evening on either deck with a lovely sunset over Lake Tahoe. With a beach blanket and umbrella in hand, a short stroll down the hill brings you to the historic Meeks Bay Beach, where generations of families have made wonderful memories. Or if you prefer to drive there’s a convenient parking lot at the base of the hill. For a small fee, you can unload your BBQ supplies, grab a picnic table, and enjoy a perfect beachside cookout. The home provides ample space for extended family and friends, featuring 5 bedrooms- including 2 Master Suites, 2 oversized family rooms a cozy den, two expansive view decks, and an open kitchen and dining area perfect for entertaining. The result is a home that feels exceptionally well suited to its surroundings. Originally built by a quality craftsman/builder, the residence reflects a thoughtful approach to both construction and design. The home’s orientation, window placement, and floor plan were carefully designed to take full advantage of this rare ridgeline setting. The goal was to maximize lake views while creating both intimate retreats and spacious areas for family gatherings. The result exceeded expectations with its Cathedral ceilings and expansive picture windows that frame views of Meeks Bay, the lake, and the mountains while flooding the main living spaces with natural light. Come see this masterpiece for yourself!

Listed by Darin Vicknair — Berkshire Hathaway HomeService

Listing Details

Status Active
MLS # 20261278
Days on Market 57
Price/Sq Ft $805

Property History

Jun 25, 2026
Listed for sale
$2,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2017 · county record $1,800,000 Deed record — brokerage sides not reported

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.

Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,722
Lot Size 0.28 acres
Year Built 2008
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction El Dorado County
APN 016542011
Parking
Garage Spaces 2
Parking Features Two, Heated Drive, Attached, Insulated, Garage Door Opener, Oversized, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Lake, Mountain(s)
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Propane, CFAH
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
64
PROJECTED GROSS ANNUAL REVENUE
$64K – $132K typically ~$97,676
~$8,140 per month
Avg Nightly
$595
Occupancy
45%
Cap Rate
1.3%

STR Investment Summary — 468 Bay View Drive, Tahoma

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$64K – $132K
typically ~$97,676
Avg Nightly Rate
$595
Projected Occupancy
45.0%
Cap Rate
1.3%
Structural Score: 64 / 100 (Premium) · STR Zone: Red

Nightly rates and occupancy from West Shore market data (111 comparable 4-bedroom rentals, 2026-08); 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
3,272 sq ft covered of 123 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,340 sq ft
Allowed Coverage
123 sq ft · 1%
Existing Coverage
3,272 sq ft · 27%
Addable Coverage
0 sq ft
IPES Score
618.0
Land Capability · TRPA-verified
IPES
Existing Units
1

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% ($599,000)
Home price
$2,995,000
Loan details
30-yr fixed, 6.5%
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