$5,450,000 $5,950,000 ↓ $500,000 reduced Active
1000 Carnelian Bay Avenue
Carnelian Bay, CA 96140
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
4.5 Baths
·
3,700 Sq Ft
Virtual Tour

About This Property

A truly one-of-a-kind Tahoe retreat offering an extraordinary combination of breathtaking lake and mountain views, complete privacy, and unmatched natural beauty. Situated on three acres with a pond and bordered by National Forest lands with direct access to miles of trails, this exceptional property provides a rare opportunity to own a private sanctuary in one of Lake Tahoe's most coveted settings. Inside, a comprehensive remodel completed in 2022 transformed the home with timeless design, exceptional craftsmanship, and modern comfort. Nothing was left untouched. The stunning kitchen and bathrooms were thoughtfully reimagined, while wide-plank white oak hardwood floors bring warmth and a modern feel throughout. Hydronic in-floor heating provides year-round comfort, complemented by new windows, new siding, and expansive new decks designed to embrace the surrounding views and natural beauty. Every finish, fixture, and detail reflects a commitment to quality that is both seen and felt the moment you walk through the door. Properties that combine incredible lake and mountain views, a private pond, National Forest boundaries, extensive modern renovations, and this level of privacy are exceptionally rare. More than a home, this is a legacy Tahoe estate—a place where luxury, nature, and peacefulness come together in perfect harmony.

Listed by Lindsay Buchanan — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20261147
Days on Market 93
Price/Sq Ft $1,473

Property History

Jun 12, 2026
Listed for sale
$5,950,000
Jul 24, 2026
Price reduced
$5,450,000 $5,950,000 ↓ $500,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2021 · via MLS history $2,400,000

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 4.5
Sq. Ft. 3,700
Lot Size 3.00 acres
Year Built 1979
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116010005
Parking
Garage Spaces 3
Parking Features Three, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Landscaped, Zoned for Horses
View Lake, Trees/Woods, Mountain(s)
Construction Frame
Roof Composition, Other
Foundation Slab
Utilities & Systems
Heating Hydronic, In Floor
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
59
PROJECTED GROSS ANNUAL REVENUE
$45K – $70K typically ~$60,000
~$5,000 per month
Avg Nightly
$514
Occupancy
32%
Cap Rate
0.4%

STR Investment Summary — 1000 Carnelian Bay Avenue, Carnelian Bay

Est. Gross Annual Revenue
$45K – $70K
typically ~$60,000
Avg Nightly Rate
$514
Projected Occupancy
32.0%
Cap Rate
0.4%
Structural Score: 59 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (202 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
25,115 sq ft covered of 1,469 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
146,860 sq ft
Allowed Coverage
1,469 sq ft · 1%
Existing Coverage
25,115 sq ft · 17%
Addable Coverage
0 sq ft

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 ↗

Building Permit History

Placer County permit records for this parcel

RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-07-03
Construction Complete
Bergman Propane Conversation to Natural Gas
Permit #BLD24-03662
Building/Residential/Full Review/NA
DONE
Permit #TCON 84727
Building/Residential/Full Review/NA
DONE
Permit #TCON 98858
Building/Residential/Full Review/NA
DONE
Permit #TCON 19994

Public permit records from the Placer County permit portal, last checked 2026-09-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($1,090,000)
Home price
$5,450,000
Loan details
30-yr fixed, 6.5%
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