$4,200,000 Active
4470 Huckleberry Drive
Carnelian Bay, CA 96140

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✓ 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.
The remarks mention an ADU or guest unit: in Truckee, much of Placer and Washoe’s Tahoe area, and parts of Nevada County an ADU can’t be a short-term rental, so count on the main house only.
5 Beds
·
5.0 Baths
·
3,391 Sq Ft
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Our data on this home

About This Property

Huckleberry Overlook Lodge is a remarkable 5-bedroom, 5-bathroom luxury home in Carnelian Bay with panoramic views of Lake Tahoe. Rebuilt and expanded in 2019, this one-of-a-kind mountain retreat blends timeless materials, thoughtful design, and exceptional comfort. Adding to its appeal, the property includes membership in the Ridgewood Pier Owners Association, which offers private lake access and the potential to obtain a buoy. Reclaimed wood is showcased throughout the home in the ceilings, beams, custom doors, vanities, and trim, creating a warm and refined mountain aesthetic that honors Tahoe’s rich heritage. Hand-scraped hardwood floors run throughout the residence, while the designer bathrooms feature heated floors, reclaimed wood vanities, and custom shower enclosures. The gourmet kitchen is understated and elegant, offering lake views, custom cabinetry, a large island, a paneled Sub-Zero refrigerator, a 6-burner Wolf range, dual Wolf ovens, and a Cove dishwasher. The lower level offers a private family room with lake views and a full bathroom, ideal as a media room, fitness studio, playroom, or overflow guest space. The primary suite is a true retreat, with a wall of windows framing Lake Tahoe and the East Shore mountains, vaulted reclaimed-wood ceilings, and direct access to the upper deck, where a lakeview hot tub awaits. The detached garage is heated and includes epoxy floors, built-in storage, and a laundry area. Above the garage is a private 459± SF guest or in-law quarters with an open sleeping area, living space, full bathroom, and a balcony with lake views. The reported 3,391± SF total living area includes the 2,932± SF, 4-bedroom, 4-bath main residence plus the 459± SF, 1-bedroom, 1-bath guest quarters, for a combined 5 bedrooms and 5 bathrooms. Additional features include forced air heating, central air conditioning, and a Generac backup generator system. The beautifully landscaped grounds offer an irrigated lawn, flowering bushes, and a new paver patio with a gas fire pit. With panoramic lake views, private lake access, and exceptional craftsmanship throughout, Huckleberry Overlook Lodge is a rare Tahoe offering that captures the very best of mountain living. Offered turnkey with designer furnishings for a move-in-ready experience.

Listed by David Westall — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20260563
Days on Market 196
Price/Sq Ft $1,239

Property History

Apr 15, 2026
Listed for sale
$4,200,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2021 · via MLS history $3,900,000 — —

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 5
Baths 5.0
Sq. Ft. 3,391
Lot Size 0.31 acres
Year Built 1983
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091163001000
Parking
Garage Spaces 2
Parking Features Two, Detached, Heated Garage, Insulated, Plumbing, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped
View Lake, Panoramic-Lake, Panoramic, Mountain(s)
Construction Frame, Masonry
Roof Composition, Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH, Radiant
Cooling Air Conditioning
Financial
HOA Fee $350 / Annually
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
79
PROJECTED GROSS ANNUAL REVENUE
$145K – $215K typically ~$175,000
~$14,583 per month
Avg Nightly
$1498
Occupancy
32%
Cap Rate
1.7%

STR Investment Summary — 4470 Huckleberry Drive, Carnelian Bay

Est. Gross Annual Revenue
$145K – $215K
typically ~$175,000
Avg Nightly Rate
$1498
Projected Occupancy
32.0%
Cap Rate
1.7%
Structural Score: 79 / 100 (Luxury) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (36 comparable 5-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

Room to build
2,429 sq ft covered of 3,027 sq ft allowed
598 sq ft of coverage still available to add.
Parcel Size
13,595 sq ft
Allowed Coverage
3,027 sq ft · 22%
Existing Coverage
2,429 sq ft · 18%
Addable Coverage
598 sq ft
Land Capability · TRPA-verified
1c, 4, 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

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$7,100 – $8,300/yr
about $642/mo
Est. Rebuild Cost (Coverage A)
$1,865,050
FAIR Plan (fire)
$5,900/yr
DIC wrap (theft, water, liability)
$1,200 – $2,400/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

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

$25,639 per month
Principal & interest
$21,237/mo
Property taxes
$3,731/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
$29/mo
From MLS listing data.
Home insurance
$642/mo
CA FAIR Plan + DIC estimate, ~$7,100–$8,300/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($840,000)
Home price
$4,200,000
Loan details
30-yr fixed, 6.5%
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