$1,395,000 $1,495,000 ↓ $100,000 reduced Active
3925 North Lake Boulevard
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.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this address. Permits don't transfer automatically with a sale — verify current status with the county.
4 Beds
·
4.0 Baths
·
2,082 Sq Ft
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About This Property

Ideally located along North Lake Boulevard in Carnelian Bay, this thoughtfully updated mountain retreat offers the perfect blend of comfort, style, and convenience in the heart of North Lake Tahoe. Filtered views of Lake Tahoe add to the home's appeal, providing a visual connection to the lake and the lifestyle that makes the North Shore such a sought-after destination. The home has recently undergone renovations to the kitchen, living room, flooring, and bathrooms, creating a fresh and modern feel throughout. The redesigned kitchen features updated finishes and improved functionality, while the living area provides a warm and inviting space to gather, complete with abundant natural light and a seamless flow for everyday living or entertaining. The flexible floor plan includes two primary suites, offering privacy and comfort for owners and guests alike—an ideal feature for a Tahoe retreat or second-home lifestyle. Positioned minutes from Tahoe's sandy beaches, ski resorts, and year-round recreation, this property offers easy access to everything that makes the North Shore so desirable. Spend your days boating on Lake Tahoe, exploring miles of hiking and biking trails, skiing world-class resorts, or enjoying the area's restaurants and lakeside amenities—all within close reach. A fantastic opportunity to own a turnkey property in Carnelian Bay, whether as a primary residence, second home, or investment property. Combining modern updates, filtered lake views, a versatile floor plan with two primary suites, and an unbeatable North Shore location, this home offers an ideal basecamp for enjoying everything Tahoe has to offer year-round.

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

Listing Details

Status Active
MLS # 20261175
Days on Market 97
Price/Sq Ft $670

Property History

Jun 16, 2026
Listed for sale
$1,495,000
Aug 10, 2026
Pending
$1,495,000
Aug 13, 2026
Relisted
$1,495,000
Sep 01, 2026
Price reduced
$1,395,000 $1,495,000 ↓ $100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2016 · county record $425,000 Deed record — brokerage sides not reported

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 4.0
Sq. Ft. 2,082
Lot Size 0.19 acres
Year Built 1979
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092141016000
Parking
Garage Spaces 2
Parking Features Two, Attached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Lake, Trees/Woods
Roof Composition
Utilities & Systems
Heating CFAH
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$65K – $100K typically ~$85,000
~$7,083 per month
Avg Nightly
$518
Occupancy
45%
Cap Rate
2.5%

STR Investment Summary — 3925 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$65K – $100K
typically ~$85,000
Avg Nightly Rate
$518
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 62 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (151 comparable 4-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
1,630 sq ft covered of 87 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,652 sq ft
Allowed Coverage
87 sq ft · 1%
Existing Coverage
1,630 sq ft · 19%
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 ↗

Building Permit History

Placer County permit records for this parcel

1 expired permit
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2023-03-21
Construction Complete
GUTMAN - Replace broken gas line
Permit #BLD23-01414
Residential Limited Plan Review · 2016-10-21
Expired
TEAR OFF SHAKE, INSTALL COMPOSITION, 2100SF, COLOR J10 FROM TRPRA APPROVED COLOR CHART
Permit #BLD16-04774
Building/Residential/Full Review/NA
DONE
Permit #TCON 19815

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

$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% ($279,000)
Home price
$1,395,000
Loan details
30-yr fixed, 6.5%
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