$1,882,800 Active
4515 Ridgewood 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.
4 Beds
·
2.5 Baths
·
2,600 Sq Ft
Virtual Tour

About This Property

Nestled in the heart of Carnelian Bay, 4515 Ridgewood Drive captures the essence of Lake Tahoe living with timeless mountain architecture, refined finishes, and filtered lake views. This beautifully designed 4-bedroom, 2.5-bath residence spans three thoughtfully planned levels, offering exceptional space for gathering, entertaining, and everyday living. The upper level serves as the heart of the home, where a light-filled great room welcomes you with soaring vaulted ceilings, rich wood flooring, and a striking floor-to-ceiling stone fireplace with a gas insert. Expansive windows and glass doors frame glimpses of Lake Tahoe and open to a spacious deck, creating a seamless connection between indoor comfort and outdoor beauty. The open-concept layout flows effortlessly into the dining area and well-appointed kitchen, making it ideal for hosting family and friends. Just beyond, the private primary suite offers a tranquil retreat with lake views and a beautifully updated ensuite bath. A convenient powder room, generous pantry, and stacked washer and dryer complete the main living level. The middle floor provides three spacious guest bedrooms, a full hall bath, and an oversized bonus room that easily adapts to your needs—whether as a media room, game room, playroom, home office, or second living area. High ceilings and cohesive natural finishes continue throughout, creating a warm and inviting atmosphere. On the entry level, an oversized two-car garage provides abundant space for vehicles, outdoor gear, and seasonal storage, perfectly suited for Tahoe's year-round adventures. Thoughtful craftsmanship is evident throughout the home, from quality finishes and upgraded hardware to carefully curated design elements that reflect an elevated mountain aesthetic. Surrounded by peaceful forested land in the backyard and enjoying filtered lake views from the front deck, the property offers both privacy and a true connection to nature. Ideally located just minutes from Lake Tahoe's beaches, world-class ski resorts, hiking and biking trails, dining, and year-round recreation, 4515 Ridgewood Drive offers the perfect balance of mountain charm, modern comfort, and everyday livability—an exceptional opportunity to experience Tahoe at its best.

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

Listing Details

Status Active
MLS # 20261317
Price/Sq Ft $724

Property History

Jun 30, 2026
Listed for sale
$1,882,800
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,600
Lot Size 0.21 acres
Stories 3
Year Built 2007
Property Type Single Family Residence
Style Chalet
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091-163-010-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features Rental History
Lot Features Upslope
View Filtered,Wooded,Mountain
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
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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 — 4515 Ridgewood Drive, Carnelian Bay

Est. Annual Revenue
$105,237
Avg Nightly Rate
$950
Projected Occupancy
31.3%
Cap Rate
2.2%
Structural Score: 76 / 100 (Luxury) · STR Zone: Yellow

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

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% ($376,560)
Home price
$1,882,800
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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