Sold $805,000 $878,000 Closed
300 N Ridge Drive
Carnelian Bay, CA 96140

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SOLD 2025-11-19
Sold for $805,000 (listed at $878,000)
4 Beds
·
1.5 Baths
·
1,272 Sq Ft

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It sold for $805,000 on 2025-11-19, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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About This Property

Discover the quintessential Old Tahoe charm cabin, situated on over half an acre backing up to the year-round Watson Creek, offering peek lake views. Centrally situated in a family friend neighborhood between Kings Beach and Tahoe City, this cabin offers a short drive to top restaurants like Garwoods and Watermans Landing. The nearby Tahoe National Forest provides easy access to hiking, mountain biking, and snowmobiling trails. This 1,272 sq ft dwelling features a spacious living area with vaulted wood-beamed ceilings, a gas insert fireplace, and floor-to-ceiling glass windows that showcase the stunning forest and peek lake views. The charming kitchen is equipped with all the amenities you need, including a dishwasher, electric range/oven, and refrigerator. The layout includes 2 bedrooms and 1 bathroom downstairs, along with a laundry area, and an additional 2 bedrooms with a half bathroom upstairs. The exterior boasts plenty of parking on the U-shaped driveway in the front yard and a delightful backyard deck surrounded by a serene forest setting. This home is located within the Ridgewood Property Owners Association boundaries in Carnelian Bay, homeowners have the opportunity to join when memberships become available, granting access to a private pier and buoy field. Don't miss the chance to own this charming Tahoe retreat in an idyllic location.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Closed
MLS # 141580
Sold Date 2025-11-19
Sold Price $805,000
Price/Sq Ft $690

Property History

May 09, 2025
Listed for sale
$878,000
Current
Sold
$805,000
Property Overview
Beds 4
Baths 1.5
Sq. Ft. 1,272
Lot Size 0.51 acres
Year Built 1950
Property Type Single Family Residence
Style Cabin
Subdivision Out of Area-CA
County Placer
STR Jurisdiction Placer County
APN 09115200800
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Pitched, Metal
Foundation Post & Pier
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Seller's Annual Tax $1,570

STR Investment Summary — 300 N Ridge Drive, Carnelian Bay

Est. Gross Annual Revenue
$40K – $65K
typically ~$55,000
Avg Nightly Rate
$335
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (203 comparable 3-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,000 – $2,400/yr
about $183/mo
Est. Rebuild Cost (Coverage A)
$534,240
FAIR Plan (fire)
$1,700/yr
DIC wrap (theft, water, liability)
$300 – $700/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
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