$989,000 Active
465 Sierra Drive
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.
3 Beds
·
2.0 Baths
·
1,440 Sq Ft
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About This Property

The Ultimate Rubicon Bay Retreat: Classic Tahoe Soul Meets Modern Comfort. Located on the lakeside of one of Tahoe’s most coveted neighborhoods, this charming 3-bedroom, 2-bath cabin captures the essence of classic West Shore living. Inside, soaring vaulted ceilings with exposed beams create a space that feels both airy and inviting, while skylights fill the great room with natural light and views of the surrounding pines. The open-concept living, dining, and kitchen area creates a comfortable flow for gathering and entertaining, while rich wood interiors add timeless Tahoe character throughout. A wood-burning fireplace insert brings warmth and ambiance during the winter months. The layout is comfortable and functional, featuring two bedrooms and a full bath on the main level, along with a private upstairs en-suite bedroom that offers an ideal retreat for guests or quiet relaxation. The kitchen includes updated appliances, abundant cabinetry, and a spacious peninsula with bar seating, perfect for casual dining, gathering, and additional prep space. Bordering U.S. Forest Service land to the east, the property enjoys an added sense of privacy and connection to the surrounding natural landscape. Step outside to the expansive deck, where a hot tub awaits after a day on the lake, the slopes, or the trails. Whether hosting summer barbecues or relaxing beneath the stars, this outdoor space quickly becomes the heart of the home. Located within the Tahoe Park Estates Improvement Association, owners enjoy access to a private sandy beach and parking area, shared pier, buoy field, kayak and paddle board storage, and a lakeside picnic area, everything that makes West Shore summers unforgettable. Outdoor recreation is just minutes away, with D.L. Bliss State Park to the south and Sugar Pine Point State Park to the north, offering scenic hiking and biking trails, lakefront beaches, and year-round adventure. Homewood Mountain Resort is just a 10-minute drive away for skiing and snowboarding, while endless opportunities for boating, paddling, and exploring Lake Tahoe’s shoreline are all within easy reach. Rare Rubicon Bay access. Classic Tahoe soul. Ready when you are.

Listed by Miranda Miller — Chase International - TC

Listing Details

Status Active
MLS # 20260867
Days on Market 1
Price/Sq Ft $687

Property History

May 19, 2026
Listed for sale
$989,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,440
Lot Size 0.23 acres
Stories 2
Year Built 1961
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction Placer County
APN 016-281-007
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Hot Tub
Lot Features Upslope
View Wooded
Roof Composition
Utilities & Systems
Heating Propane,Wood,CFAH
Water Source Buoy Limited,Shared Pier
Financial
HOA Fee $550
HOA / Community n/a
HOA & Community
Community Amenities Beach Access
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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 — 465 Sierra Drive, Tahoma

Est. Annual Revenue
$52,226
Avg Nightly Rate
$363
Projected Occupancy
39.6%
Cap Rate
2.1%
Structural Score: 55 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for Tahoma. 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% ($197,800)
Home price
$989,000
Loan details
30-yr fixed, 6.5%
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