$1,610,000 Closed
4465 North Ridge Drive
Carnelian Bay, CA 96140
SOLD 2025-10-28
Sold for $1,555,000 (listed at $1,610,000)
📋 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
·
3.0 Baths
·
2,476 Sq Ft

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About This Property

Discover this remodeled mountain retreat on a rare double lot backing to the Tahoe National Forest in sought-after Ridgewood Highlands. Enjoy unparalleled privacy and direct access to miles of hiking, biking, skiing, and snowshoeing trails right from your backyard. This versatile property features 4 bedrooms, 3 bathrooms, a flexible office/den, including a fully equipped 1BD/1BA detached ADU—perfect for full-time living, vacationing, or rental income. Offered turn-key with a stylish new furniture collection, it's truly move-in ready. The main residence (1,726 sq. ft.) boasts soaring ceilings, tigerwood floors, and large bay windows that fill the space with natural light and forest views. The open floor plan connects living, dining, and kitchen areas, with multiple decks extending your living space outdoors. Downstairs includes a guest bedroom with a full bathroom and laundry for convenience. Upstairs, the primary en-suite offers a private balcony, while a guest bedroom with an attached den/office overlooking the forest provides flexible space. Unique architectural touches like an oval window framing a towering cedar add charm throughout. Built for Tahoe winters, the home includes reinforced roof beams and year-round accessible decks and balconies. The detached ADU (750 sq. ft.) above the two-car garage features a full kitchen, laundry, living area, bedroom, bath, and private balcony—ideal for guests or short-term rentals (Placer County approved). The 25-foot deep garage includes ample storage and a Tesla charger for modern convenience. Just a short walk away is a peaceful Lake Tahoe beach ideal for swimming and paddleboarding. Plus, you’re minutes from premier ski resorts like Northstar, Palisades Tahoe, and Alpine Meadows—without the hassle of Truckee traffic. Whether you're looking for a cozy year-round home, a family-friendly getaway, or a smart investment property, 4465 N Ridge Drive delivers a rare combination of location, livability, and lifestyle—all backed by the beauty of the National Forest in a peaceful North Shore community.

Listed by Jovanah McKinney — eXp Realty of California, Inc.

Listing Details

Status Closed
MLS # 20251775
Sold Date 2025-10-28
Sold Price $1,555,000
Price/Sq Ft $650

Property History

Aug 05, 2025
Listed for sale
$1,695,000
Current
Sold
$1,555,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2025 $1,500,000 Jovanah McKinneyeXp Realty of California, Inc. Jovanah McKinneyeXp Realty of California, Inc.
Oct 2025 · this listing $1,555,000 (+4%) Jovanah McKinneyeXp Realty of California, Inc. —

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 4
Baths 3.0
Sq. Ft. 2,476
Lot Size 0.26 acres
Year Built 1973
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091190002000
Parking
Garage Spaces 2
Parking Features Two, Heated Garage, Insulated, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Rental History
View Trees/Woods
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH

STR Investment Summary — 4465 North Ridge Drive, Carnelian Bay

Est. Gross Annual Revenue
$60K – $100K
typically ~$80,000
Avg Nightly Rate
$487
Projected Occupancy
45.0%
Cap Rate
2.0%
Structural Score: 71 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (151 comparable 4-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
3,132 sq ft covered of 3,456 sq ft allowed
324 sq ft of coverage still available to add.
Parcel Size
11,519 sq ft
Allowed Coverage
3,456 sq ft · 30%
Existing Coverage
3,132 sq ft · 27%
Addable Coverage
324 sq ft
Land Capability · TRPA-verified
6

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
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