$2,995,000 Active
468 Bay View 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.
5 Beds
·
3.5 Baths
·
3,722 Sq Ft

About This Property

Perched on a spectacular ridge above Meeks Bay, this panoramic lake view home showcases the breathtaking beauty of Lake Tahoe’s surrounding mountains and peaks. Blending sought after privacy with protected Conservancy land, the home also offers easy recreational access to one of the best white sand beaches at the lake just below. Nearly every room is thoughtfully oriented to frame those incredible views. This property truly has it all. With hiking trails right outside the door, you’ll never need a car to immerse yourself in the natural beauty of Old Lake Tahoe’s western shore. One can easily enjoy a day of adventure on the trails and transition to a relaxing evening on either deck with a lovely sunset over Lake Tahoe. With a beach blanket and umbrella in hand, a short stroll down the hill brings you to the historic Meeks Bay Beach, where generations of families have made wonderful memories. Or if you prefer to drive there’s a convenient parking lot at the base of the hill. For a small fee, you can unload your BBQ supplies, grab a picnic table, and enjoy a perfect beachside cookout. The home provides ample space for extended family and friends, featuring 5 bedrooms- including 2 Master Suites, 2 oversized family rooms a cozy den, two expansive view decks, and an open kitchen and dining area perfect for entertaining. The result is a home that feels exceptionally well suited to its surroundings. Originally built by a quality craftsman/builder, the residence reflects a thoughtful approach to both construction and design. The home’s orientation, window placement, and floor plan were carefully designed to take full advantage of this rare ridgeline setting. The goal was to maximize lake views while creating both intimate retreats and spacious areas for family gatherings. The result exceeded expectations with its Cathedral ceilings and expansive picture windows that frame views of Meeks Bay, the lake, and the mountains while flooding the main living spaces with natural light. Come see this masterpiece for yourself!

Listed by Darin Vicknair — Berkshire Hathaway HomeService

Listing Details

Status Active
MLS # 20261278
Days on Market 1
Price/Sq Ft $805

Property History

Jun 25, 2026
Listed for sale
$2,995,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,722
Lot Size 0.28 acres
Stories 2
Year Built 2008
Property Type Single Family Residence
Style Mountain
Subdivision Westshore LK TH
County Placer
STR Jurisdiction El Dorado County
APN 016-542-011
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Heated Drive,High Speed Internet,Hot Tub,Generator
Lot Features Downslope
View Lake,Mountain
Construction Framed,Wooded
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH
Water Source Other
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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 — 468 Bay View Drive, Tahoma

Est. Annual Revenue
$116,051
Avg Nightly Rate
$1211
Projected Occupancy
26.0%
Cap Rate
1.5%
Structural Score: 64 / 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
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% ($599,000)
Home price
$2,995,000
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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