$1,600,000 Pending
4429 Muletail Drive
Carnelian Bay, CA 96140
✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
3 Beds
·
2.5 Baths
·
2,223 Sq Ft

Get homes like this by email

When a home like this lists in Carnelian Bay at a similar price and size, we email you the same day. No account needed.

About This Property

Beautifully situated in Carnelian Bay, this home is a captivating mountain-lake retreat that blends classic Tahoe charm with thoughtful updates and effortless indoor-outdoor living. Set on an elevated, private half acre lot with mature pines and wooded forest views, this home offers a serene escape just minutes from sandy beaches, year-round recreation, and the vibrant shops and dining of Kings Beach and Tahoe City. This is a classic Tahoe home with warm, open living spaces anchored by a stone fireplace and rich wood finishes that create an inviting, lodge-like atmosphere. Expansive decking, multiple outdoor seating areas and hot tub on lower deck captures the fresh mountain air and wooded views — ideal for morning coffee or evening gatherings under the stars. Meticulously maintained, this home boasts a brand new upper deck, new roof with new heat tape to melt snow build up, brand new dishwasher, new paint job for the whole exterior and ECV Juicebox charger...and top it off with full furnishing throughout and kitchen ware. With a turn of a key, this home is ready for you to enjoy with little effort. A true Tahoe offering!

Listed by Shaye Blazer — COMPASS

Listing Details

Status Pending
MLS # 20262000
Days on Market 19
Price/Sq Ft $720

Property History

Sep 22, 2026
Listed for sale
$1,600,000
Sep 25, 2026
Pending
$1,600,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2021 · via MLS history $1,450,000 — —

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,223
Lot Size 0.58 acres
Year Built 1998
Property Type Single Family Residence
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091186005
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Wood Siding
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
65
PROJECTED GROSS ANNUAL REVENUE
$50K – $75K typically ~$65,000
~$5,417 per month
Avg Nightly
$396
Occupancy
45%
Cap Rate
1.6%

STR Investment Summary — 4429 Muletail Drive, Carnelian Bay

Est. Gross Annual Revenue
$50K – $75K
typically ~$65,000
Avg Nightly Rate
$396
Projected Occupancy
45.0%
Cap Rate
1.6%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (202 comparable 3-bedroom rentals, 2026-08); 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

Room to build
2,154 sq ft covered of 7,681 sq ft allowed
5,527 sq ft of coverage still available to add.
Parcel Size
25,604 sq ft
Allowed Coverage
7,681 sq ft · 30%
Existing Coverage
2,154 sq ft · 8%
Addable Coverage
5,527 sq ft
IPES Score
746.0
Land Capability · TRPA-verified
1b, IPES

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

Building Permit History

Placer County permit records for this parcel

1 open permit
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2026-07-08
Issued
TRPA Exempt Decking boards replacement from wood to TimberTech advanced PVC (Vintage Collection) in weathered teak color.
Permit #BLD26-04715
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2026-02-25
Construction Complete
TRPA Exempt Tear off current roofing on dwelling, & replace with new Owens Corning Duration shingles in the color Teak. 100% ice & water. 100% Synthetic Felt. See attached forms for Class A documentation. 2400sqft STRUCTURE: Dwelling MATERIAL / ASSEMBLY: Composition shingles CURRENT ROOF: Composition shingles OVERLAYING EXISTING: No # OF EXISTING LAYERS: 1
Permit #BLD26-01139
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2023-10-26
Construction Complete
Install (1) Juice Box Pro 48 in garage area.
Permit #BLD23-06596
RESIDENTIAL: Limited Review (Electrical, Mechanical, Plumbing, Roof Solar, etc) · 2019-10-02
Construction Complete
Install (1) New 75 gallon power vent water heater, to replace 50 gallon standard water heater. 1800 sq ft GAS TYPE: Natural Gas WORK LOCATION: Exterior Only TYPE / FEET / SIZE OF PIPE: 2 EQUIPMENT SERVICED: water heater EQUIPMENT DEMAND: 36000 Per conversation with Monte and Maureen both CF1 and CF2 to be provided on site for inspection. sm
Permit #BLD19-04600
Building-Non-SFD · 2013-04-17
DONE
REMOVE PORTION OF DRIVEWAY PAVING INSTALL DRAIN / CUT SLAB INSIDE AND REPATCH. REPLACING JOIST AND BLOCKING AT GARAGE CAR DOOR OPENING. 66 SQ FT GARAGE REMODEL/REPAIR TO FLOOR REPLACE LIKE FOR LIKE SEE PICTURES ATTACHED TO FIELD PLANS TRPA EXEMPT
Permit #0740 49974.13
Building/Residential/Full Review/NA
DONE
Permit #TCON B96586

Public permit records from the Placer County permit portal, last checked 2026-09-23. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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

$9,836 per month
Principal & interest
$8,090/mo
Property taxes
$1,421/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$325/mo
CA FAIR Plan + DIC estimate, ~$3,600–$4,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($320,000)
Home price
$1,600,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message