$1,295,000 Active
4121 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.
4 Beds
·
3.0 Baths
·
2,506 Sq Ft
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About This Property

This centrally located and meticulously maintained 4-bed, 3-bath North Lake Tahoe Cedar Sided Cabin is situated on a sunny, mostly level lot with a large backyard and convenient year-round access. This turnkey home comes furnished and features a spacious second-story front deck, perfect for summer gatherings. The kitchen boasts granite counters and stainless-steel appliances, the living area showcases beautifully vaulted knotty pine ceilings, ample natural light from floor-to-ceiling windows, and a perfectly placed gas stove for those chilly winter evenings. The uppermost level includes a light and bright primary suite with a beautifully appointed bathroom and an adjoining loft area is a welcomed space for a multitude of different uses. The lowest level features an oversized bedroom with its own ensuite bathroom and a secondary gas fireplace. With two additional guest bedrooms and a guest bath on the main level, there is more than enough room for the whole family to live comfortably. The two-car garage is ideal for keeping vehicles dry in the winter and storing toys in the summer, along with an additional storage area for seasonal gear. Public beach access across from Lardin Way is just a brief 2-minute walk away, and there is an option to join the Lake Forest Pier owner’s Association at the same beach for private pier access and buoy rental opportunities.

Listed by Chuck Day — Max Day Real Estate

Listing Details

Status Active
MLS # 20260773
Price/Sq Ft $517

Property History

May 09, 2026
Listed for sale
$1,295,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,506
Lot Size 0.17 acres
Stories 3
Year Built 2005
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-154-033
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Phone,Cable TV,High Speed Internet
Lot Features Level,Upslope,Gentle
View Lake,Filtered,Wooded,Mountain
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Water Source Other
HOA & Community
Community Amenities 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 — 4121 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$89,708
Avg Nightly Rate
$801
Projected Occupancy
30.4%
Cap Rate
2.8%
Structural Score: 74 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($259,000)
Home price
$1,295,000
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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