$999,000 $1,659,000 ↓ $660,000 reduced Active
385 Grouse 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
·
1,661 Sq Ft
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About This Property

Experience refined mountain living in this beautifully updated modern 3 bedroom, 2 bath home, perfectly positioned in Tahoe's coveted West Shore. Located in the desirable Chamberlands community, the property sits on a .23 acre lot with direct access to 50 acres of protected open space—offering privacy, nature, and room to breathe. This extensively renovated home combines contemporary design with high finished and the highest quality craftsmanship. Every detail has been thoughtfully designed and upgraded, including premium finishes, modern systems, and an open modern floor plan with lots of natural light and views of nature. The result is a bright, open, and welcoming interior that captures the essence of a luxurious mountain getaway. After a day of skiing, hiking, or lake adventures, relax in the forest-facing hot tub or enjoy the seamless flow of the open layout—ideal for entertaining or quiet nights in. The kitchen is a showstopper, featuring striking cobalt blue tile, top-of-the-line appliances, Carrera Marble countertops, and a waterfall kitchen island perfect for social gatherings. The main-level bedroom is framed by floor-to-ceiling windows with serene views of nature, while upstairs you'll find vaulted ceilings that create a cozy, elevated retreat—perfect for restful stays. As a Chamberlands resident, you'll enjoy access to exceptional private amenities including a sandy beach, swim platform, and lifeguard services. A complimentary shuttle makes it easy to get to the lake, nearby Chambers Landing restaurant and the iconic over-the-lake bar. Additional perks include winter driveway snow removal and a convenient EV charger—making this home as practical as it is beautiful. Whether you're seeking adventure or relaxation, this property delivers the ultimate Tahoe lifestyle. The home produced gross income between $80,000 to $110,000 annually as a short term rental prior to the remodel with nightly rates between $800-$1000 per night in the peaks seasons.

Listed by Milton Boyd — Compass

Listing Details

Status Active
MLS # 20261361
Days on Market 25
Price/Sq Ft $601

Property History

Jul 02, 2026
Listed for sale
$999,000
Jul 17, 2026
Price changed
$999,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2008 · county record $657,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,661
Lot Size 0.23 acres
Year Built 1963
Property Type Single Family Residence
Style Contemporary
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 098105008000
Parking
Parking Features None
Exterior & Lot
Lot Features Greenbelt
View Panoramic, Trees/Woods, Mountain(s), Meadow
Construction Frame
Roof Metal
Foundation Pillar/Post/Pier, Concrete Perimeter, Perim Block
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Beach Access
📊

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 — 385 Grouse Drive, Homewood

Est. Annual Revenue
$48,382
Avg Nightly Rate
$251
Projected Occupancy
52.9%
Cap Rate
1.9%
Structural Score: 59 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Homewood. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,207 sq ft covered of 2,606 sq ft allowed
1,400 sq ft of coverage still available to add.
Parcel Size
10,426 sq ft
Allowed Coverage
2,606 sq ft · 25%
Existing Coverage
1,207 sq ft · 12%
Addable Coverage
1,400 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($199,800)
Home price
$999,000
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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