$599,000 Active
265 Old County Road
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.
2 Beds
·
1.0 Baths
·
632 Sq Ft
Virtual Tour

About This Property

Step into this classic Tahoe cabin and enjoy the best of both lake and forest living. This quaint 2-bedroom retreat, with an additional sleeping loft, comes with existing furniture to enjoy immediate use. While not fancy, the unpretentious cabin is warm, welcoming, and full of classic Tahoe charm. Ownership includes optional membership in the highly sought-after Lake Forest #3 Property Owners Association, offering incredible lake access with a large buoy field (a rare and valuable amenity in North Lake Tahoe), a well-maintained pier, beach chairs, watercraft storage, and tennis/bocce courts. Whether you’re boating, kayaking, or paddleboarding, the Property Owners’ Beach and Pier area offers exceptionally convenient storage/access for all your watercraft, making summertime lake adventures effortless. The cabin sits on a wonderful lot that backs directly to forest open space and a year-round creek. Trails right out the back door connect you to the Tahoe City Nordic Center, the Tahoe City bike path, Dollar Reservoir, and endless miles of hiking and biking. With this mix of lakefront perks and direct trail access, the location is unmatched. Once you spend time here, you’ll understand why the same owners cherished this sweet little cabin for many years.

Listed by Monica Smith — Mountain Luxury Properties Tah

Listing Details

Status Active
MLS # 20260968
Price/Sq Ft $948

Property History

May 22, 2026
Listed for sale
$599,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 632
Lot Size 0.21 acres
Stories 2
Year Built 1957
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-120-008
Parking
Parking Features None
Exterior & Lot
Lot Features Level
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
Water Source Buoy,Buoy Limited,Shared Pier
Financial
HOA Fee $350
HOA & Community
Community Amenities Beach Access,Tennis Courts,Other/See Remarks
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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 — 265 Old County Road, Carnelian Bay

Est. Annual Revenue
$60,197
Avg Nightly Rate
$370
Projected Occupancy
43.8%
Cap Rate
4.0%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. 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% ($119,800)
Home price
$599,000
Loan details
30-yr fixed, 6.5%
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