$899,000 $1,125,000 ↓ $226,000 reduced Active
8861 Glen Drive
Tahoma, CA 96141
✗ 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.
3 Beds
·
2.0 Baths
·
1,224 Sq Ft
Virtual Tour

About This Property

Adorable cabin with year round level access and a huge one car garage. Includes membership to the coveted Rubicon Tahoe Owners Assoc. with two piers, beaches, and a buoy fields. Sold fully furnished move-in ready. Lovely homesite backs to Lonely Gulch Creek plus it is surrounded by National forest land. Overall excellent upgraded and well maintained condition. The floor plan is functional with abundant natural ambient light. The large outdoor deck to the rear and the side of house enhances both indoor and outdoor living. The design lends itself to easy maintenance and upkeep. Having affordable access to a buoy on Lake Tahoe for your boat has become a very coveted affordable amenity.

Listed by Rick Raduziner — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20260693
Days on Market 109
Price/Sq Ft $734

Property History

May 02, 2026
Listed for sale
$1,125,000
Jul 21, 2026
Price reduced
$899,000 $950,000 ↓ $51,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2003 · county record $477,000 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. 1,224
Year Built 1965
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction El Dorado County
APN 16462003
Parking
Garage Spaces 1
Parking Features One, Attached, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods, Mountain(s), Water
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, Wood Stove
Financial
HOA Fee $425 / Annually
HOA & Community
Community Amenities Beach Access, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$24K – $46K typically ~$34,774
~$2,898 per month
Avg Nightly
$212
Occupancy
45%
Cap Rate
1.5%

STR Investment Summary — 8861 Glen Drive, Tahoma

No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$24K – $46K
typically ~$34,774
Avg Nightly Rate
$212
Projected Occupancy
45.0%
Cap Rate
1.5%
Structural Score: 62 / 100 (Premium) · STR Zone: Red

Nightly rates and occupancy from West Shore market data (170 comparable 3-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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,409 sq ft covered of 136 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
13,587 sq ft
Allowed Coverage
136 sq ft · 1%
Existing Coverage
2,409 sq ft · 18%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗

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% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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