$1,595,000 Active
4345 Jeffrey Way
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.
3 Beds
·
3.0 Baths
·
Virtual Tour

About This Property

THIS LISTING IS FOR A FULLY FURNISHED, NEWLY REMODELED, ALL-SEASON HOME: Perched atop a peaceful hillside in the highly coveted Cedar Flats community, this home offers the perfect blend of privacy, stunning lake/mountain views and easy lake access. Driving up you will appreciate the expansive newly paved driveway, perfect for guest parking and plenty of room for lake toys. Bordered by conservancy land on one side and distant neighbors on the other, this .57 acre lot provides exceptional privacy. This completely remodeled mountain retreat offers 3 bedrooms including a 4 bed bunkroom and 3 full baths. The main bedroom and bunkroom are located in the main home while a private third bedroom/bath with separate entrance offers the ideal guest suite . A detached studio provides flexibility for additional guests, remote work or creative pursuits. The large deck offers an expanded living space boasting incredible lake views and a hot tub. When dinner calls, head down to the BBQ patio complete with a stone natural gas fireplace. As part of this desirable lake-access neighborhood, owners can enjoy one of the North Shores most beautiful HOA’s with private beach, pier and newly expanded buoy field. Included in the purchase of this home is a 6k buoy membership. This home has everything you need included, just bring your clothes and start living the Tahoe lifestyle!

Listed by Linda Granger — Christie's Int'l R.E. Sereno

Listing Details

Status Active
MLS # 20261480
Days on Market 5

Property History

Jul 17, 2026
Listed for sale
$1,595,000
Property Overview
Beds 3
Baths 3.0
Lot Size 0.58 acres
Year Built 1939
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092180041
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street, Rental History
View Lake, Filtered, Trees/Woods, Mountain(s)
Construction Frame
Roof Shake/Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $620 / Quarterly
HOA & Community
Community Amenities Beach Access, 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 — 4345 Jeffrey Way, Carnelian Bay

Est. Annual Revenue
$57,584
Avg Nightly Rate
$295
Projected Occupancy
53.3%
Cap Rate
1.4%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,078 sq ft covered of 1,333 sq ft allowed
255 sq ft of coverage still available to add.
Parcel Size
25,211 sq ft
Allowed Coverage
1,333 sq ft · 5%
Existing Coverage
1,078 sq ft · 4%
Addable Coverage
255 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($319,000)
Home price
$1,595,000
Loan details
30-yr fixed, 6.5%
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