$1,200,000 Active
4925 Flick Street
Carnelian Bay, CA 96140
✓ 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.
4 Beds
·
3.5 Baths
·
1,597 Sq Ft

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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.

Listed by Jake Lewis — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20262091
Price/Sq Ft $751

Property History

Oct 08, 2026
Listed for sale
$1,200,000

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.

Property Overview
Beds 4
Baths 3.5
Sq. Ft. 1,597
Year Built 1912
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 115040016000
Parking
Garage Spaces 1
Parking Features One, Attached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Filtered
Construction Frame, Masonry, Wood Siding
Roof Composition, Metal
Foundation Pillar/Post/Pier, Concrete Perimeter, Other
Utilities & Systems
Heating Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
65
PROJECTED GROSS ANNUAL REVENUE
$45K – $80K typically ~$65,000
~$5,417 per month
Avg Nightly
$396
Occupancy
45%
Cap Rate
2.1%

STR Investment Summary — 4925 Flick Street, Carnelian Bay

Est. Gross Annual Revenue
$45K – $80K
typically ~$65,000
Avg Nightly Rate
$396
Projected Occupancy
45.0%
Cap Rate
2.1%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

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

Room to build
2,630 sq ft covered of 2,980 sq ft allowed
350 sq ft of coverage still available to add.
Parcel Size
10,114 sq ft
Allowed Coverage
2,980 sq ft · 29%
Existing Coverage
2,630 sq ft · 26%
Addable Coverage
350 sq ft
Land Capability · TRPA-verified
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

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

$7,359 per month
Principal & interest
$6,068/mo
Property taxes
$1,066/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
$0/mo
From MLS listing data.
Home insurance
$225/mo
CA FAIR Plan + DIC estimate, ~$2,500–$2,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($240,000)
Home price
$1,200,000
Loan details
30-yr fixed, 6.5%
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