$10,600,000 Active
3852 North Lake Boulevard
Carnelian Bay, CA 96140

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
4 Beds
·
4.5 Baths
·
3,386 Sq Ft
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Our data on this home

About This Property

Lakefront Living on Lake Tahoe's North Shore Experience the best of Lake Tahoe lakefront living from this beautifully maintained Carnelian Bay retreat, featuring approximately 100 feet of shoreline and sweeping 180-degree panoramic lake views. The property's exceptional waterfront amenities include a brand-new private pier, boat lift, registered buoy, and direct lake access—offering an increasingly rare opportunity to enjoy Tahoe right from your own shoreline. This lakefront residence features four bedrooms, four bathrooms, and guest quarters, providing a comfortable and flexible layout for gathering with family and friends. Expansive windows capture the lake views throughout the home, while three fireplaces create inviting spaces to relax and unwind. The primary suite offers a private sitting room and jetted tub, and the well-appointed kitchen features stainless steel appliances and a GE Monogram 48-inch dual-fuel range. Outdoor living is equally appealing, with a spacious lakeview deck, waterfront fire pit, and easy access to the water for boating, swimming, and enjoying Tahoe's spectacular surroundings. Additional features include an integrated home and deck sound system, whole-house vacuum system, and oversized two-car garage with extensive cabinetry. Combining breathtaking views, sought-after waterfront amenities, and a prime North Shore location, this property offers an exceptional opportunity to experience the Lake Tahoe lifestyle.

Listed by Breck Overall — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20262121
Price/Sq Ft $3,131

Property History

Oct 14, 2026
Listed for sale
$10,600,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2023 $3,500,000 Breck OverallSierra Sotheby's Int - Rock —

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 4
Baths 4.5
Sq. Ft. 3,386
Lot Size 0.29 acres
Year Built 1979
Property Type Single Family Residence
Style Modern
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092100030000
Parking
Garage Spaces 2
Parking Features Two, Detached
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped, Rental History
View Lake, Panoramic-Lake, Panoramic, Trees/Woods, Mountain(s)
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Cooling Air Conditioning
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
79
PROJECTED GROSS ANNUAL REVENUE
$80K – $115K typically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
0.4%

STR Investment Summary — 3852 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$80K – $115K
typically ~$95,000
Avg Nightly Rate
$813
Projected Occupancy
32.0%
Cap Rate
0.4%
Structural Score: 79 / 100 (Luxury) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (149 comparable 4-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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,899 sq ft covered of 177 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
17,775 sq ft
Allowed Coverage
177 sq ft · 1%
Existing Coverage
2,899 sq ft · 16%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 1b

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 ↗ How the Basin compares

Home Insurance Estimate

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

$7,100 – $8,300/yr
about $642/mo
Est. Rebuild Cost (Coverage A)
$1,862,300
FAIR Plan (fire)
$5,900/yr
DIC wrap (theft, water, liability)
$1,200 – $2,400/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

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

$63,656 per month
Principal & interest
$53,599/mo
Property taxes
$9,415/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$642/mo
CA FAIR Plan + DIC estimate, ~$7,100–$8,300/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($2,120,000)
Home price
$10,600,000
Loan details
30-yr fixed, 6.5%
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