Sold $1,395,000 Closed
400 Terrace Drive
Carnelian Bay, CA 96140

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SOLD 2026-04-10
Sold for $1,395,000
2 Beds
·
2.0 Baths
·
1,582 Sq Ft

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It sold for $1,395,000 on 2026-04-10, 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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Our data on this home

About This Property

Affectionately known throughout the community as the “Rock House,” this quaint cottage dates back to the pre–Great Depression era and showcases its timeless charm and historic character. Tastefully updated throughout while preserving the original features that make it so special, this exceptional home is truly one of a kind. Located in the coveted neighborhood of Cedar Flat, private beach amenities include a double-deck pier, buoy field and approximately 1,200 feet of lakefront with lovely sandy beaches. Stunning details abound throughout the home, from hand-hewn beams and two grand stone fireplaces to vaulted open-beam ceilings and a show-stopping chandelier designed by Julia Morgan, the architect of Hearst Castle. Upgrades include copper plumbing, a tankless water heater, the HVAC, the kitchen and baths and so much more. The exterior of the home is equally as impressive with two water fountains, a heated garage with a bunk room/office, extra off street parking, a fenced back yard, stone patios - all within the oversized, corner lot. This home is as unique as it is stunning - definitely a must see!

Listed by Chris Hernandez — COMPASS

Listing Details

Status Closed
MLS # 20260197
Sold Date 2026-04-10
Sold Price $1,395,000
Price/Sq Ft $882

Property History

Feb 14, 2026
Listed for sale
$1,395,000
Current
Sold
$1,395,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,582
Lot Size 0.29 acres
Year Built 1950
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 09219003900
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped
View Trees/Woods
Construction Masonry
Roof Shake/Shingle
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $601 / Quarterly
HOA & Community
Community Amenities Beach Access, Other/See Remarks

STR Investment Summary — 400 Terrace Drive, Carnelian Bay

Est. Gross Annual Revenue
$55K – $75K
typically ~$65,000
Avg Nightly Rate
$396
Projected Occupancy
45.0%
Cap Rate
1.9%
Structural Score: 64 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (95 comparable 2-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
3,959 sq ft covered of 3,100 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
15,498 sq ft
Allowed Coverage
3,100 sq ft · 20%
Existing Coverage
3,959 sq ft · 26%
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

Home Insurance Estimate

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

$2,500 – $2,900/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$664,440
FAIR Plan (fire)
$2,100/yr
DIC wrap (theft, water, liability)
$400 – $800/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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