Own this home or one nearby?
What's this home worth today?
It sold for $810,000 on 2025-11-03, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
Looking to buy instead? See similar homes for sale nearby ↓
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
Welcome to 4540 Muletail Drive, a classic Tahoe home offering five bedrooms, two bathrooms, and over 2,400 square feet of thoughtfully designed living space on a peaceful 0.28-acre lot in the desirable Ridgewood Highlands neighborhood of Carnelian Bay. Surrounded by tall pines and mountain serenity, this inviting home is ready to welcome you. You’ll appreciate the quiet setting, the ease of access, and the semi-circular driveway with ample parking for guests. A new back deck invites you to enjoy long summer afternoons outdoors, grilling, relaxing, and soaking in the fresh alpine air. Inside, you’ll find a warm and spacious layout that blends comfort and function. The main level features an open-concept living and dining area anchored by a beautiful brick wood-burning fireplace, perfect for cozy gatherings on snowy winter days. Natural light streams through three floor-to-ceiling windows, and a large sliding glass door opens directly onto the deck, creating seamless indoor-outdoor flow. Five well-sized bedrooms—two downstairs and three upstairs—offer space and flexibility for any lifestyle. Whether hosting multiple families, accommodating guests, or creating dedicated home offices or hobby spaces, this layout provides room for everyone. The two full bathrooms are well-appointed and easily accessible from each wing of the home. A laundry and utility room behind the garage includes a washer, dryer, and additional storage—plus space that is plumbed to be converted into another bath or expanded utility area. Outdoors, the property offers forested privacy and plenty of room to play, relax, or explore. It is just a short walk to nearby National Forest lands and hiking trails. From the front door, you’re just minutes to Lake Tahoe, with quick access to Carnelian Bay Beach, Kings Beach, and Tahoe City. In winter, you’ll love the convenience to Northstar, Palisades Tahoe, Homewood, Diamond Peak, and other world-class ski resorts. Whether you’re hitting the slopes, snowshoeing out your back door, or enjoying a fire after a day of adventure, this is your year-round base for everything Tahoe.
Listing Details
Property History
STR Investment Summary — 4540 Muletail Drive, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (37 comparable 5-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
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
