$26,000,000 Active
5020 West Lake Boulevard
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.
6 Beds
·
6.5 Baths
·
6,295 Sq Ft

About This Property

Set along 133 feet of coveted West Shore frontage in Homewood, this Olson Architects–designed lakefront estate offers a rare convergence of legacy craftsmanship, environmental purity, and lifestyle-driven longevity. Positioned at Lake Tahoe’s ideal elevation, the home benefits from a setting known to support cardiovascular performance, restorative sleep, and year-round vitality. Here, clean alpine air, crystalline water, and a natural rhythm of movement create an environment where well-being is not curated—it is inherent. Behind a private gated entry, level grounds unfold into a serene lakeside landscape framed by towering cedar trees and an expansive lawn—an increasingly rare combination on Tahoe’s shoreline. Two private buoys and shared pier offer seamless connection to the lake, inviting daily immersion, both recreational and restorative. Designed in the spirit of classic Old Tahoe architecture and receiving the 2012 Tahoe Quarterly Mountain Home Award, the residence reflects a level of craftsmanship seldom seen today. Rich woodwork, hand-finished cabinetry, and precision stone detailing create a timeless interior that prioritizes both beauty and comfort. The home’s six-bedroom suite configuration, including a private in-law residence, allows for extended stays and multi-generational living—an essential component of today’s legacy properties. Thoughtfully integrated spaces for restoration and connection include a sauna, library, wine room, and expansive media and game room, supporting both recovery and gathering. Located within walking distance to Homewood Mountain Resort, a local market, and gracious dining, the property offers a rare balance of privacy and accessibility along one of Tahoe’s most sought-after stretches of shoreline. More than a lakefront home, this is a generational asset—an environment designed to support how you live, how you restore, and how you extend the quality of your time at Tahoe.

Listed by Katrine Watson — Chase International - TC

Listing Details

Status Active
MLS # 20260510
Days on Market 19
Price/Sq Ft $4,130

Property History

Apr 07, 2026
Listed for sale
$26,000,000
Property Overview
Beds 6
Baths 6.5
Sq. Ft. 6,295
Stories 3
Year Built 2009
Property Type Single Family Residence
Style Old Tahoe
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 097-122-028
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Landscaping,Phone,High Speed Internet,Sauna,Wine Room
Lot Features Level,Downslope,Gentle
View Lake,Panoramic-Lake,Mountain
Construction Framed,Masonry,Wooded
Roof Shake/Shingle
Utilities & Systems
Heating Natural Gas,Hydronic,In Floor
Water Source Buoy,Shared Pier
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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 — 5020 West Lake Boulevard, Homewood

Est. Annual Revenue
$730,296
Avg Nightly Rate
$6762
Projected Occupancy
29.5%
Cap Rate
1.1%
Structural Score: 60 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Homewood. 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% ($5,200,000)
Home price
$26,000,000
Loan details
30-yr fixed, 6.5%
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