$1,395,000 Active
7435 North Lake Boulevard
Tahoe Vista, CA 96148
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.

About This Property

The former Driftwood Lodge in Tahoe Vista was part of the classic era of Lake Tahoe roadside lodges that helped shape the North Shore’s identity during the rise of postwar tourism in the 1940s, 50s, and 60s. Positioned along North Lake Boulevard near the shoreline, the property welcomed generations of travelers who came to Tahoe for summers at the lake and winters in the mountains. Like many of Tahoe’s historic motor lodges, the Driftwood Lodge reflected a simpler time in Tahoe history — when families arrived by station wagon, boaters spent afternoons on the water, and visitors gathered around the beaches and mountain recreation that made the North Shore famous. Today, the original structures have been removed, creating a blank canvas for a new chapter while preserving the spirit of the site’s long-standing connection to Tahoe hospitality and recreation. The property now offers a rare redevelopment opportunity with existing approvals for 2 PRUU, 3 TCU, 1 RUU, 3 TAU, and 1 single-family residence allocation, allowing flexibility for a thoughtfully designed mixed-use mountain project in one of North Lake Tahoe’s most desirable locations. Situated directly across from Moon Dunes Beach and Lake Tahoe, the setting captures the essence of the Tahoe lifestyle. Residents and guests can enjoy immediate access to the shoreline, nearby boat ramps, golf courses, hiking and biking trails, world-class ski resorts, and the entertainment and dining of the North Shore and nearby Nevada casinos. The approved concept includes three nightly rental units along with a small commercial office component, creating an ideal blend of investment potential, recreation, and modern mountain living. Opportunities to redevelop historic Tahoe sites with existing entitlements in such a premier location are increasingly rare. The former Driftwood Lodge property offers an opportunity to honor Tahoe’s past while creating a legacy property for the future.

Listed by Tyler O Neal — O Neal Brokers

Listing Details

Status Active
MLS # 20260853
Days on Market 20

Property History

May 16, 2026
Listed for sale
$1,395,000
Property Overview
Lot Size 0.68 acres
Property Type Land
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 117-130-014-000
Exterior & Lot
Lot Features Level
View Peek
📊

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%

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% ($279,000)
Home price
$1,395,000
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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