$2,750,000 Active
8518 Meeks Bay Avenue
Tahoma, CA 96142
✗ STR Not Allowed — Cap Reached, New Applicants Waitlisted
El Dorado County's 900-permit Tahoe Basin cap is reached, so new applicants go on the county's waitlist — no new permits are being issued.
4 Beds
·
3.5 Baths
·
2,874 Sq Ft

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About This Property

Set on the lakeside of Highway 89 along Tahoe's quiet southwest shore, this brand-new mountain-modern residence occupies a rare position between Rubicon and Meeks Bay, where limited development, dramatic shoreline and crystal-clear water define one of the lake's most distinctive settings. Directly across from the lake's edge, the home enjoys excellent water views and is just a short distance from the sandy beaches of Meeks Bay, with Homewood Mountain Resort only minutes north. Designed and built by one of the area's most accomplished builders, the 3-story home pairs cedar siding and stucco with Andersen windows, clean lines and expansive decks that draw the outdoors into nearly every level. The top-floor great room captures the home's strongest outlook with vaulted ceilings, wide-plank flooring and a dramatic fireplace. A bifold door opens to the lake-view deck, while the adjoining kitchen features custom cabinetry, contrasting stone surfaces and a waterfall-edge island. The middle level offers a second living space and 3 bedrooms, including a spacious primary suite with a walk-in closet and spa-inspired bath. Downstairs, an additional ensuite bedroom, wet bar and flexible living area create an ideal guest retreat or extended-family space. In a shoreline enclave where inventory is already limited, brand-new construction on the lakeside of Highway 89 is a true rarity. This is a property defined as much by where it sits as by what was built.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 143475
Days on Market 34
Price/Sq Ft $957

Property History

Sep 10, 2026
Listed for sale
$2,750,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,874
Lot Size 0.14 acres
Year Built 2026
Property Type Single Family Residence
Style Contemporary
Subdivision Meeks Bay Vista
County El Dorado
STR Jurisdiction El Dorado County
APN 016101067000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains, Lake, Filtered, Forest
Construction Wood Frame, Stucco, Wood Siding
Roof Pitched, Asphalt, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Propane
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
72
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 8518 Meeks Bay Avenue, Tahoma

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 72 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

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

$4,800 – $5,600/yr
about $433/mo
Est. Rebuild Cost (Coverage A)
$1,580,700
FAIR Plan (fire)
$4,000/yr
DIC wrap (theft, water, liability)
$800 – $1,600/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

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

$16,770 per month
Principal & interest
$13,905/mo
Property taxes
$2,432/mo
1.0613% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$433/mo
CA FAIR Plan + DIC estimate, ~$4,800–$5,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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