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About This Property
Remodeled Carnelian Bay Retreat with ADU Potential, 4-Car Garage & Prime Location offered fully turn key! Discover this fully remodeled mountain retreat nestled in the highly sought-after Carnelian Bay neighborhood. Thoughtfully upgraded in 2019, this turnkey Tahoe home blends modern luxury with outdoor adventure, making it an ideal full-time residence, vacation home, or income property. Step inside to enjoy new laminate wood flooring, a cozy gas fireplace, and a forced air furnace for year-round comfort. The updated kitchen features new appliances, while the tankless water heater and heated bathroom and stairway floors add energy efficiency and warmth throughout. Designed with convenience in mind, the home includes a central vacuum system, ceiling fans in all bedrooms, and skylights that fill the home with natural light. Outside, a gas line to the rear deck BBQ, front and rear irrigation, and a beautifully designed paver patio and walkway create the perfect outdoor entertaining space. A major highlight is the brand-new 4-car garage, complete with interior stair access to an additional 960 sq ft of living space, already plumbed for a bathroom — ideal for a future ADU, guest quarters, home office, or in-law suite. The garage and area above are equipped with a fire sprinkler system for added peace of mind, and attic storage above the primary bedroom closet adds even more functionality. Outdoor enthusiasts will love the direct access to an extensive trail system right outside the front door — perfect for mountain biking, hiking, motorsports, and year-round adventure in the pristine Tahoe National Forest. Location, location, location! This home is centrally located to world-class ski resorts including Palisades Tahoe, Alpine Meadows, and Northstar, and just minutes from Tahoe City, the vibrant hub of North Lake Tahoe, offering dining, shopping, paddle board rentals, a movie theater, and more. Kings Beach and the Nevada State Line are a short drive north, with even more entertainment, dining, and concert venues. Don’t miss this rare opportunity to own a fully upgraded Tahoe home with ADU potential, garage space galore, and unbeatable access to all that North Lake Tahoe has to offer.
Listing Details
Property History
STR Investment Summary — 4530 Muletail Drive, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (149 comparable 4-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
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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
