$5,950,000 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
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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 38
Price/Sq Ft $1,608

Property History

Jun 12, 2026
Listed for sale
$5,950,000
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
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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 — 1000 Carnelian Bay Avenue, Carnelian Bay

Est. Annual Revenue
$258,336
Avg Nightly Rate
$2208
Projected Occupancy
32.0%
Cap Rate
1.7%
Structural Score: 59 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may 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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($1,190,000)
Home price
$5,950,000
Loan details
30-yr fixed, 6.5%
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