$1,995,000 $2,200,000 ↓ $205,000 reduced Active
3705 North Lake Boulevard
Carnelian Bay, 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.
4 Beds
·
2.0 Baths
·
3,450 Sq Ft
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About This Property

Lake views, access to private pier and buoy, and convenience are yours at 3705 North Lake Blvd. On the lower level, a spacious primary suite with ample closet space; upstairs find an impressive open floor plan with vaulted beam ceilings, hardwood floors, and a grand stone fireplace. Two decks bring the outdoors in, and cathedral-like windows provide an abundance of natural sunlight to maximize the lake views. The kitchen features granite slab counters, a charming hammered copper sink, and new stainless steel appliances. The adjacent dining room and living room offer great views of the lake, and the upstairs loft provides a spacious cozy hideaway with plenty of headroom. The private HOA pier and buoy field allows for optional membership and seasonal buoy rentals with a unique system to allow all members access to buoys (three new buoys were added in 2024). Close to Tahoe City's restaurants, shopping and outdoor beachside concerts, as well as world-class ski resorts. Short-term rental permits still available in Placer County. This is your chance to seize a remarkable opportunity and experience the ultimate in lakeview living!

Listed by Gretchen Sproehnle — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20241095
Days on Market 753
Price/Sq Ft $578

Property History

Jun 12, 2024
Listed for sale
$1,995,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 3,450
Lot Size 0.23 acres
Year Built 1979
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092110026000
Parking
Garage Spaces 2
Parking Features Two, Attached, Detached, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Lake, Filtered, Mountain(s)
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Baseboard, Wood Stove
HOA & Community
Community Amenities Beach Access, 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 — 3705 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$67,846
Avg Nightly Rate
$388
Projected Occupancy
47.9%
Cap Rate
1.4%
Structural Score: 62 / 100 (Premium) · 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
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% ($399,000)
Home price
$1,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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