$1,450,000
3120 Polaris Road
Tahoe City, CA 96145
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
5 Beds
·
2.5 Baths
·
2,128 Sq Ft
·
13895 Lot
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About This Property

Now offered at $1,450,000, 3120 Polaris Rd presents one of the most compelling opportunities in Tahoe City’s desirable Highlands neighborhood — a versatile mountain home with flexible living spaces, immediate trail access, and easy proximity to Lake Tahoe, downtown Tahoe City, and Palisades Tahoe. Tucked into one of Tahoe City’s most sought-after neighborhoods, this longtime primary residence of professional freeskier Michelle Parker offers a true basecamp for year-round adventure and everyday comfort. The home features 3 bedrooms and 2.5 baths per county records (lives like a 5-bedroom layout) with thoughtfully updated spaces throughout. A remodeled kitchen and open living area create a welcoming gathering space, while most of the upstairs and two full bathrooms have been tastefully renovated. A fourth bedroom is currently used as a home office and music room, while a fifth bedroom functions as a spacious storage room — offering flexibility for guests, creativity, fitness, or gear storage that complements Tahoe’s active lifestyle. Step outside to immediate access to Tahoe Cross Country trails, miles of hiking and biking routes, and a paved bike path connecting directly to Tahoe City and the lake beyond. Whether skiing at nearby Palisades Tahoe, riding from your front door, or enjoying a quiet evening among the pines, the location captures the essence of Tahoe living. The home offers a solid foundation with key improvements already completed, including a new roof (2010), new furnace (2014), and AC added in 2024, while still leaving room for future owners to personalize exterior and lower-level spaces over time. With a two-car garage, flexible floor plan, and exceptional proximity to Tahoe’s best recreation, 3120 Polaris represents a rare chance to establish a Tahoe basecamp in one of the area’s most desirable neighborhoods.

Listed by Ming Poon — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20260236
Days on Market 37
Price/Sq Ft $681

Property History

Feb 10, 2026
Listed for sale
$1,450,000
Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,128
Lot Size 0.32 acres
Stories 2
Year Built 1978
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
APN 093-171-005-000
Parking
Parking Features Two
Exterior & Lot
Lot Features Downslope
View Filtered,Wooded
Construction Wooded
Roof Composition
Utilities & Systems
Heating Natural Gas,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%

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% ($290,000)
Home price
$1,450,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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