$2,750,000 Active
8518 Meeks Bay Avenue
Tahoma, 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
·
3.5 Baths
·
2,874 Sq Ft

About This Property

Set on the lakeside of Highway 89 along Tahoe's quiet southwest shore, this brand-new mountain-modern residence occupies a rare position between Rubicon and Meeks Bay, where limited development, dramatic shoreline and crystal-clear water define one of the lake's most distinctive settings. Directly across from the lake's edge, the home enjoys excellent water views and is just a short walk from the sandy beaches of Meeks Bay, with Homewood Mountain Resort only minutes north. Designed and built by one of the area's most accomplished builders, the 3-story home pairs cedar siding and stucco with Andersen windows, clean lines and expansive decks that draw the outdoors into nearly every level. The top-floor great room captures the home's strongest outlook with vaulted ceilings, wide-plank flooring and a dramatic fireplace. A bifold door opens to the lake-view deck, while the adjoining kitchen features custom cabinetry, contrasting stone surfaces and a waterfall-edge island. The middle level offers a second living space and 3 bedrooms, including a spacious primary suite with a walk-in closet and spa-inspired bath. Downstairs, an additional ensuite bedroom, wet bar and flexible living area create an ideal guest retreat or extended-family space. In a shoreline enclave where inventory is already limited, brand-new construction on the lakeside of Highway 89 is a true rarity. This is a property defined as much by where it sits as by what was built.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 143475
Days on Market 3
Sold Date 1800-01-01
Price/Sq Ft $957

Property History

Sep 10, 2026
Listed for sale
$2,750,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,874
Lot Size 0.14 acres
Year Built 2026
Property Type Single Family Residence
Style Contemporary
Subdivision Meeks Bay Vista
County Placer
STR Jurisdiction El Dorado County
APN 016101067000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
View Mountains, Lake, Filtered, Forest
Construction Wood Frame, Stucco, Wood Siding
Roof Pitched, Asphalt, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Propane
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
63
PROJECTED GROSS ANNUAL REVENUE
$80K – $140K typically ~$110,000
~$9,167 per month
Avg Nightly
$670
Occupancy
45%
Cap Rate
1.6%

STR Investment Summary — 8518 Meeks Bay Avenue, Tahoma

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$80K – $140K
typically ~$110,000
Avg Nightly Rate
$670
Projected Occupancy
45.0%
Cap Rate
1.6%
Structural Score: 63 / 100 (Premium) · STR Zone: Red

Nightly rates and occupancy from West Shore market data (111 comparable 4-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates 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
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% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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