$1,995,000 $2,250,000 ↓ $255,000 reduced Active
3880 Forest 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.
6 Beds
·
5.0 Baths
·
3,900 Sq Ft

About This Property

Are you planning to spend more time at Tahoe? This home is perfect for large groups and family escapes, and now is the season to buy at Tahoe’s North Shore. Just in time for fall and winter fun, our Forest Getaway—a fully remodeled modern mountain compound at 3880 Forest Road in Carnelian Bay—is ready for you and your guests to enjoy. This one-of-a-kind property features two main structures that blend refined Tahoe style with exceptional flexibility. The beautifully remodeled main residence offers 4 bedrooms and 3 bathrooms, while a large en-suite apartment sits privately beneath it. This lower apartment includes its own entrance off a covered deck, a sitting room, a spacious main room, an oversized closet, and a full bathroom—ideal for guests, extended family, or a separate lounge/game room space. The main home showcases fresh, modern finishes throughout: • **All-new gourmet kitchen and great room • **2 easy-access entry-level bedrooms • **New hot water, heating, and air conditioning systems • **New lighting, paint, and exterior upgrades • **New composite decking for seamless indoor/outdoor living Across the covered breezeway, the detached two-car garage "complex" adds even more versatility. The level driveway parks 2 vehicles and allows level access into the insulated and heated 2-car garage. Above the garage is a bright, spacious in-law bedroom with a full bath and wet bar setup. In addition, below the garage is a professionally finished heated bonus flex room -- perfect for a fitness studio, private office, yoga space, or art studio. Both the main home and garage complex feature updated electrical and new heating/air conditioning—an uncommon level of comfort and peace of mind in Tahoe. In total, the property includes 6 bedrooms and 5 full bathrooms across approximately 3,900 square feet (estimated per the owner’s measurements; buyer to verify), offering remarkable value at $511 per square foot. The home is centrally located between Tahoe City and Kings Beach, providing great access from both main highways into the north shore of Tahoe. Positioned within 3/10ths of a mile from the lake, you are so close you can hear boats motor by. Just think of waking up in the morning only a few minutes from the sparkling waters of Lake Tahoe. Not only is this property part of the North Tahoe PUD recreation amenities package, which includes pickleball, tennis, sandy beaches, and boat launching, it also offers effortless access to other year-round recreation, premium golf courses, miles of hiking and biking trails, and world-class downhill and cross-country ski resorts. In winter, Northstar at Tahoe and Palisades Tahoe ski areas sponsor shuttles, accessible nearby with park-and-ride services. Shopping and great restaurants are located throughout the North Shore. Convenient and fun for everyone!

Listed by Sue Daniels — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20260832
Days on Market 136
Price/Sq Ft $512

Property History

May 15, 2026
Listed for sale
$2,250,000
Aug 29, 2026
Price reduced
$1,995,000 $2,250,000 ↓ $255,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2021 · via MLS history $740,000 — —

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 6
Baths 5.0
Sq. Ft. 3,900
Lot Size 0.27 acres
Year Built 1983
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092083007000
Parking
Garage Spaces 2
Parking Features Two, Detached, Heated Garage, Insulated, Plumbing, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Peek, Filtered, Trees/Woods
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Electric, CFAH, Heat Pump, Wall Furnace
Cooling Air Conditioning
HOA & Community
Community Amenities Beach Access, Tennis Court(s), Cross Country Skiing, Exercise Equipment, Boat Ramp, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
77
PROJECTED GROSS ANNUAL REVENUE
$125K – $195K typically ~$160,000
~$13,333 per month
Avg Nightly
$1370
Occupancy
32%
Cap Rate
3.2%

STR Investment Summary — 3880 Forest Road, Carnelian Bay

Est. Gross Annual Revenue
$125K – $195K
typically ~$160,000
Avg Nightly Rate
$1370
Projected Occupancy
32.0%
Cap Rate
3.2%
Structural Score: 77 / 100 (Luxury) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (37 comparable 5-bedroom rentals, 2026-08); 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
4,491 sq ft covered of 2,926 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,703 sq ft
Allowed Coverage
2,926 sq ft · 25%
Existing Coverage
4,491 sq ft · 38%
Addable Coverage
0 sq ft

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

Building Permit History

Placer County permit records for this parcel

1 open permit
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2025-08-14
Construction Complete
Install Forced air unit with A/C system NEW / REPLACEMENT: New Installation # OF SYSTEMS: null DUCT AFFECTED: 15 SYSTEM TYPE: Split System
Permit #BLD25-05351
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-11-16
Construction Complete
1. Upgrade 200 AMP from 100 AMP main panel over head with new riser - upgrade 2. Demo existing 100 amp sub panel in the kitchen and replace with a new one like to like 3. Demo existing subpanel and Install new 100 AMP in the basement like to like CURRENT PANEL AMPERAGE: 100 PROPOSED PANEL AMPERAGE: 200 CHANGE OUT / NEW: Change Out - Upgrade
Permit #BLD24-06753
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-11-13
Construction Complete
Replacing all counter tops, electrical panel upgrade, replace water heater, and lighting fixtures.
Permit #BLD24-06681
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-11-13
Issued
Furnace & A/C equipment install NEW / REPLACEMENT: New Installation # OF SYSTEMS: 1 DUCT AFFECTED: 20 SYSTEM TYPE: Split System
Permit #BLD24-06703
Building/Residential/Full Review/NA
DONE
Permit #TCON 34569
Building/Residential/Full Review/NA
DONE
Permit #TCON 68230
Building/Residential/Full Review/NA
DONE
Permit #TCON 56272

Public permit records from the Placer County permit portal, last checked 2026-09-20. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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

$13,448 per month
Principal & interest
$10,088/mo
Property taxes
$1,772/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
$1,588/mo
CA FAIR Plan + DIC estimate, ~$16,000–$22,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($399,000)
Home price
$1,995,000
Loan details
30-yr fixed, 6.5%
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