$7,600,000 Active
8781 Lakeside Drive
Rubicon Bay, 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
Virtual Tour

About This Property

Experience the best of Tahoe lakefront living at Heavenly Waters, a beautifully renovated modern retreat set along the coveted shores of Rubicon Bay. Offering approximately 80 feet of lake frontage with a sandy beach, this exceptional property captures sweeping panoramic views of the azure waters of Rubicon Bay from nearly every room. Combining modern comfort, privacy, and extraordinary lakefront scenery, this home offers a front-row seat to Tahoe’s natural beauty. Vaulted ceilings, floor-to-ceiling windows and sliding glass doors flood the home with natural light while framing the breathtaking alpine lake views. The main level offers an open-concept great room with a modern kitchen, dining area, and inviting living space centered around a wood-burning fireplace. Outside, the spacious deck is perfect for entertaining or relaxing above the water. Designed to maximize indoor-outdoor living, each bedroom enjoys access to an outdoor deck. For additional privacy, the primary suite is situated upstairs and features its own private lakeview deck. On the main level, an additional king suite includes a private bath. The lower level offers an ensuite guest bedroom and a bunk room ideal for children or guests, both opening directly to another outdoor deck. A stairway leads directly down to a private lakefront deck and sandy beach area, creating an intimate setting to enjoy Tahoe’s crystal-clear waters. The property also includes two buoys, along with nearby shared HOA beach and pier amenities.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 20260815
Price/Sq Ft $3,571

Property History

May 14, 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
Style Mountain
Subdivision Westshore LK TH
County El Dorado
STR Jurisdiction El Dorado County
APN 016-211-006
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Rental History,Air Conditioning
Lot Features Downslope,Cul-de-sac
View Lake,Panoramic-Lake,Panoramic
Construction Framed,Wooded
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Propane,CFAH
Water Source Buoy,Buoy Permitted,Shared Pier
HOA & Community
Community Amenities Beach Access,Other/See Remarks
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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, Rubicon Bay

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 Rubicon Bay. 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% ($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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