Sold $1,675,000 $1,750,000 Closed
4325 Jeffrey Way
Carnelian Bay, CA 96140

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SOLD 2025-11-26
Sold for $1,675,000 (listed at $1,750,000)
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
4 Beds
·
3.5 Baths
·
2,987 Sq Ft

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Our data on this home

About This Property

Situated at the end of a quiet street in the storybook Cedar Flat neighborhood, Serenity Chateau is a rare legacy property where Lake Tahoe’s rich history and natural beauty come together in a timeless retreat. Originally built in the 1930s and lovingly expanded over the decades, this spacious home offers boastful vintage Hollywood charm, handcrafted European stonework, and private HOA beach access. The interior offers a blend of old-world craftsmanship and classic mountain lodge comfort. Vaulted wood ceilings soar above a great room anchored by a grand stone fireplace, built by hand from stones gathered on the property. Historic chandeliers from Oakland’s Elks Lodge cast a warm glow, while original Hollywood tilework from film set days brings character to the main bath. The open-concept kitchen, spacious library, and generous loft/game room create inviting spaces for gatherings of all sizes, from special holidays to cozy weekends by the fire. Outside, over 2,000 square feet of wraparound decking overlooks a seasonal creek and waterfall that flows beneath the home. Enjoy ultimate privacy and nature immersion on a .53-acre lot with direct trail access and plenty of parking. The property is located in the historic Cedar Flat HOA, offering two private beaches, pier, swim area, picnic grounds, and lottery buoy field. Whether it’s summer days spent boating to Tahoe City or winter evenings by the hearth, Serenity Chateau has been the cherished heart of one family for nearly 60 years.

Listed by Patricia Williams — Sierra Sotheby's Int Realty TC

Listing Details

Status Closed
MLS # 20251107
Sold Date 2025-11-26
Sold Price $1,675,000
Price/Sq Ft $586

Property History

May 27, 2025
Listed for sale
$2,350,000
Current
Sold
$1,675,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,987
Lot Size 0.53 acres
Year Built 1951
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092180050
Parking
Parking Features None, RV Access/Parking, Oversized, Parking Pad
Exterior & Lot
View Filtered
Roof Composition
Utilities & Systems
Heating Natural Gas, Hydronic
Financial
HOA Fee $590 / Quarterly

STR Investment Summary — 4325 Jeffrey Way, Carnelian Bay

Est. Gross Annual Revenue
$60K – $95K
typically ~$80,000
Avg Nightly Rate
$487
Projected Occupancy
45.0%
Cap Rate
1.9%
Structural Score: 54 / 100 (Standard) · 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
6,213 sq ft covered of 973 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
23,230 sq ft
Allowed Coverage
973 sq ft · 4%
Existing Coverage
6,213 sq ft · 27%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 1c

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

$4,800 – $5,600/yr
about $433/mo
Est. Rebuild Cost (Coverage A)
$1,254,540
FAIR Plan (fire)
$4,000/yr
DIC wrap (theft, water, liability)
$800 – $1,600/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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