$775,000 Active
4411 Muletail Drive
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
·
1.0 Baths
·
1,320 Sq Ft
Virtual Tour

About This Property

Welcome to 4411 Muletail Drive, a delightful mountain retreat nestled in the quiet and highly sought-after Ridgewood Highlands neighborhood of Carnelian Bay. Optional membership in the Ridgewood Pier Owners Association (RPOA), subject to availability, provides access to a private pier and weekly buoy rentals, further enhancing your North Lake Tahoe lifestyle! Impeccably maintained and filled with natural light, this inviting 3-bedroom, one bath home offers the perfect blend of classic mountain charm, everyday comfort, and an exceptional location just minutes from the shores of Lake Tahoe. Designed for effortless living, the floor plan features soaring ceiling, loft/third bedroom, cozy gas stove and easy connection with the great room, kitchen and dining areas. The vibe is a relaxed and comfortable setting for family and friends. The kitchen offers thoughtful counter space and plenty of storage; the sun-filled dining area and expansive front windows invite the outdoors in, framing peaceful forest views. A brand-new front deck, completed in July, 2026, extends the living space outdoors and provides the perfect place to relax among the surrounding pines for outdoor entertaining and lounging. The upper level is dedicated to a spacious primary loft – your own retreat! offering a comfortable bedroom space with a flexible lounge area, this area is ideal for reading, working remotely or simply unwinding after a day of adventures. Two additional bedrooms and a bathroom on the lower level provide comfortable accommodations for family and guests. Situated in one of Carnelian Bay's most coveted neighborhoods, this special classic cabin nestled on a 0.277-acre parcel offers a peaceful setting so close to beaches, hiking and biking trails, dining, and year-round recreation.If you’re searching for an easy living, mountain escape to create lasting mountain memories, 4411 Muletail Drive captures the warm character and timeless appeal of Tahoe lifestyle!

Listed by Alison Elder — Chase International - TK2

Listing Details

Status Active
MLS # 20261463
Price/Sq Ft $587

Property History

Jul 14, 2026
Listed for sale
$775,000
Property Overview
Beds 3
Baths 1.0
Sq. Ft. 1,320
Lot Size 0.28 acres
Year Built 1975
Property Type Single Family Residence
Style Chalet
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091186009000
Parking
Parking Features None, Other
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s)
Construction Frame, Wood Siding
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
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 — 4411 Muletail Drive, Carnelian Bay

Est. Annual Revenue
$43,445
Avg Nightly Rate
$222
Projected Occupancy
53.7%
Cap Rate
2.2%
Structural Score: 53 / 100 (Standard) · 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
1,443 sq ft covered of 3,627 sq ft allowed
2,184 sq ft of coverage still available to add.
Parcel Size
12,090 sq ft
Allowed Coverage
3,627 sq ft · 30%
Existing Coverage
1,443 sq ft · 12%
Addable Coverage
2,184 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% ($155,000)
Home price
$775,000
Loan details
30-yr fixed, 6.5%
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