$2,000,000 Active
4215 Walnut Avenue
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
·
1,304 Sq Ft
Virtual Tour

About This Property

Tahoe, Just As You Imagined It. Hidden among towering cedars on a beautifully wooded 15,000 sq. ft. parcel in one of Tahoe Pines' most desirable locations, this classic log home offers the rare opportunity to enjoy both the serenity of the forest and the lake as part of your daily rhythm. Just six level blocks from the shoreline, you'll often find yourself reaching for a beach towel rather than your car keys. Originally built in 1961 and thoughtfully updated throughout the 1990s and early 2000s, the home blends timeless Tahoe character with modern comfort. Vaulted ceilings, exposed timber framing, warm log walls, clear Douglas fir hardwood floors, a striking stone fireplace, and numerous picture and casement windows create an inviting great room filled with natural light and mountain air. The beautifully updated kitchen features stone countertops, a brand-new cooktop, integrated paneled refrigeration, and quality wood cabinetry. A Presidential composition roof with six inches of insulation enhances year-round comfort. Offering three bedrooms, all with views of the lush surroundings, two baths, approx. 1,304 square feet, a four-car garage with a tandem third bay, a circular driveway, and abundant off-street parking, the home is beautifully furnished, including much of the Ralph Lauren furnishings and décor. Tahoe Pines is cherished for its low elevation, easy access, quiet beach, optional HOA pier, Blackwood Canyon trails, nearby bike path, and proximity to Homewood Mountain Resort, with a forthcoming gondola!

Listed by Yvette Shipman — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261395
Days on Market 20
Price/Sq Ft $1,534

Property History

Jul 06, 2026
Listed for sale
$2,000,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 1995 · county record $165,000 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. 1,304
Lot Size 0.34 acres
Year Built 1961
Property Type Single Family Residence
Style Log Cabin
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 085251001000
Parking
Parking Features Four +, Attached, Boat, Garage Door Opener, Oversized, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Corner Lot
View Trees/Woods
Construction Frame, Log
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $250 / Annually
HOA & Community
Community Amenities 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 — 4215 Walnut Avenue, Homewood

Est. Annual Revenue
$40,484
Avg Nightly Rate
$204
Projected Occupancy
54.4%
Cap Rate
0.8%
Structural Score: 71 / 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
3,417 sq ft covered of 3,753 sq ft allowed
337 sq ft of coverage still available to add.
Parcel Size
15,013 sq ft
Allowed Coverage
3,753 sq ft · 25%
Existing Coverage
3,417 sq ft · 23%
Addable Coverage
337 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% ($400,000)
Home price
$2,000,000
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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