$1,520,000 Active
280 Elizabeth Drive
Homewood, CA 96141
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
2.0 Baths
·
1,234 Sq Ft
Virtual Tour

About This Property

Skyland Chalet – West Shore Lake Tahoe Views with Private Pier & Buoy Access Here, lake views aren’t just something you step outside to see—they carry through the main living spaces and extend to the front deck. You’ll find yourself starting the day with coffee, watching the lake, and ending it in the same spot with family and friends. Just down the street, the private pier and buoy field make it easy to get out on the water—by boat, paddleboard, or kayak—without much planning. Inside, the home is set up for weekends and extended stays, with a main-level primary bedroom, an upstairs loft and bunk room, and two full bathrooms—comfortably accommodating a full house. Offered furnished, the home includes an updated kitchen and baths, stainless steel appliances, an instant-on water heater, bear wire installation, and a new roof. Set on a sunny corner lot with ample parking for boats, RVs, and Tahoe gear, the property is ideally located between Tahoe City and Homewood Mountain Resort. From here, you have quick access to skiing, hiking and biking trails, and the everyday conveniences that make the West Shore so easy to enjoy year-round. Nearby, you’ll find a mix of options for dining—long-standing favorites and newer local spots—from the lakeside setting for a signature cocktail at Chambers Landing, to the Old Tahoe feel of Swiss Lakewood, and south to the foodie favorite Dog and Bear Tavern. For a more casual stop, Where We Met offers coffee, gelato, and another reason to linger by the lake. A great place for your Tahoe lake life. A great place for your Tahoe lake life.

Listed by Kerry McNew-Fenton — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20260727
Days on Market 2
Price/Sq Ft $1,232

Property History

May 06, 2026
Listed for sale
$1,520,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,234
Lot Size 0.25 acres
Stories 2
Year Built 1960
Property Type Single Family Residence
Style Chalet
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 085-290-022-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,High Speed Internet
Lot Features Gentle
View Lake
Construction Framed,Wooded
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Water Source Buoy Limited,Shared Pier
HOA & Community
Community Amenities Beach Access
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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 — 280 Elizabeth Drive, Homewood

Est. Annual Revenue
$63,845
Avg Nightly Rate
$454
Projected Occupancy
39.6%
Cap Rate
1.7%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Homewood. 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($304,000)
Home price
$1,520,000
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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