$1,100,000 $1,395,000 ↓ $295,000 reduced Active
7435 N North Lake Boulevard
Tahoe Vista, CA 96148

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.

Our data on this home

About This Property

The former Driftwood Lodge in Tahoe Vista was part of the classic era of Lake Tahoe roadside lodges that helped shape the North Shore’s identity during the rise of postwar tourism in the 1940s, 50s, and 60s. Located along North Lake Boulevard near the shoreline, the property welcomed generations of travelers who came to Tahoe for summer lake days and winter mountain adventures. Like many of Tahoe’s historic motor lodges, the Driftwood Lodge reflected a simpler time in Tahoe history when families arrived by station wagon, boaters spent afternoons on the water, and visitors gathered at the beaches and mountain recreation that made the North Shore famous. Today, the original structures have been removed, creating a blank canvas for a new chapter while preserving the site’s long-standing connection to Tahoe hospitality and recreation. The property now offers a rare redevelopment opportunity with existing approvals for 2 PRUU, 1 TCU, 1 RUU, 3 TAU, and 1 single-family residence allocation, providing flexibility for a thoughtfully designed mixed-use mountain project in one of North Lake Tahoe’s most desirable locations. Situated directly across from Moon Dunes Beach and Lake Tahoe, the setting captures the essence of the Tahoe lifestyle. Residents and guests can enjoy immediate access to the shoreline, nearby boat ramps, golf courses, hiking and biking trails, world-class ski resorts, and the entertainment and dining of the North Shore and nearby Nevada casinos. The approved concept includes three nightly rental units along with a small commercial office component, creating an ideal blend of investment potential, recreation, and modern mountain living. Opportunities to redevelop historic Tahoe sites with existing entitlements in such a premier location are increasingly rare. The former Driftwood Lodge property offers an opportunity to honor Tahoe’s past while creating a legacy property for the future.

Listed by Tyler O Neal — O Neal Brokers

Listing Details

Status Active
MLS # 20260853
Days on Market 157

Property History

May 18, 2026
Listed for sale
$1,395,000
Aug 05, 2026
Price reduced
$1,100,000 $1,395,000 ↓ $295,000
Property Overview
Lot Size 0.68 acres
Property Type Land
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 117130014000
Exterior & Lot
Lot Features STREET
View Peek
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
6,121 sq ft covered of 2,262 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,047 sq ft
Allowed Coverage
2,262 sq ft · 25%
Existing Coverage
6,121 sq ft · 68%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
5

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 ↗ How the Basin compares

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

$6,539 per month
Principal & interest
$5,562/mo
Property taxes
$977/mo
1.0659% of the price, Placer 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
$0/mo
Commercial property — needs a commercial policy, so no home insurance estimate.
Down payment
20% ($220,000)
Home price
$1,100,000
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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