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About This Property
A distinctive Carnelian Bay property with a detached second dwelling—and plenty of possibilities. Set on a generous Carnelian Bay parcel, the property pairs a main residence with a detached, self-contained cabin, creating a unique combination of flexibility and opportunity in North Lake Tahoe. A portion of the main residence dates to 1912 and features timeless Tahoe architecture, charming built-ins, a fireplace, and wood-burning stove. The home includes three bedrooms, including a primary with en-suite, two and a half baths, a comfortable living room, and an attached garage. A large front deck and inviting rear patio extend the living space outdoors, with abundant afternoon sunshine and filtered lake views from the front of the home. The cabin provides a second dwelling with its own driveway, separate utilities, kitchen, full bathroom, and upstairs loft. While requiring substantial renovation, the cabin presents an opportunity for rental income, multigenerational living, guests, or private use by family and friends. The home retains its original character while leaving plenty of room for improvements and personalization. Combined with the detached cabin, the property provides a flexible starting point for creating a Tahoe home that works for the next chapter. There is plenty here to appreciate today and imagine what it could become as you live the Tahoe life.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Nov 1980 · county record | $95,000 | Deed record — brokerage sides not reported | |
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.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 4925 Flick Street, Carnelian Bay
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
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 comparesCost Segregation Tax Savings
Estimated first-year bonus depreciation savings