$7,600,000 Active
8781 Lakeside 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.
4 Beds
·
4.5 Baths
·
2,128 Sq Ft
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About This Property

Experience the best of Tahoe lakefront living at Heavenly Waters, a beautifully renovated retreat along the shores of Rubicon Bay. Offering approximately 80 ft of lake frontage with a sandy beach, this exceptional property captures sweeping panoramic views from nearly every room. Vaulted ceilings, floor-to-ceiling windows and sliding glass doors flood the home with natural light while framing breathtaking lake views. The main level features an open-concept great room with a modern kitchen, dining area, and living space centered around a wood-burning fireplace. A spacious deck perfect for entertaining above the water. Each bedroom enjoys access to an outdoor deck, while the primary suite offers its own private lakeview deck. The main level also includes a king suite with a private bath, and the lower level offers an ensuite guest bedroom and bunk room. A stairway leads to a private lakefront deck and sandy beach. The property includes two buoys, plus shared HOA beach and pier amenities.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 1018868
Days on Market 35
Price/Sq Ft $3,571

Property History

May 15, 2026
Listed for sale
$7,600,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 2,128
Lot Size 0.43 acres
Stories 3
Year Built 1959
Property Type Single Family Residence
County Placer
STR Jurisdiction El Dorado County
APN 016-211-006
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
View Lake,Panoramic
Construction Frame
Roof Composition
Utilities & Systems
Heating Forced Air,Propane
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $37,867
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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 — 8781 Lakeside Drive, Tahoma

Est. Annual Revenue
$350,415
Avg Nightly Rate
$2995
Projected Occupancy
32.0%
Cap Rate
1.8%
Structural Score: 63 / 100 (Premium) · 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% ($1,520,000)
Home price
$7,600,000
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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