$849,000 Closed
505 Granite Road
Carnelian Bay, CA 96140
SOLD 2023-07-31
Sold for $885,000 (listed at $849,000)
Real Estate Tahoe represented the buyer
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this address. Permits don't transfer automatically with a sale — verify current status with the county.
3 Beds
·
2.0 Baths
·
1,360 Sq Ft

About This Property

This beautifully remodeled home in Carnelian Bay is now available for those looking for their dream home on the North Shore of Lake Tahoe. The newly renovated kitchen features beautiful granite countertops, gas cooktop, and range. With enough space for entertaining and plenty of room your loved ones, this home is perfect for anyone wanting to experience the stunning landscape of Tahoe. The large lot is ideal for those looking to make the most of the great outdoors, with plenty of space for barbecues, gardening, and outdoor activities. Whether you're looking for a vacation home or a permanent residence, this property is sure to be the perfect spot for making everlasting memories with your loved ones.

Listed by Randy Miller — Intero Real Estate Services

Listing Details

Status Closed
MLS # 20231074
Sold Date 2023-07-31
Sold Price $885,000
Price/Sq Ft $624

Property History

Jul 01, 2023
Listed for sale
$849,000
Current
Sold
$885,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,360
Year Built 1969
Property Type Single Family Residence
Style A-Frame
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116030033000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s)
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Tennis Court(s)

STR Investment Summary — 505 Granite Road, Carnelian Bay

Est. Gross Annual Revenue
$35K – $60K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
2.1%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (202 comparable 3-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

Over coverage limit
2,599 sq ft covered of 115 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,487 sq ft
Allowed Coverage
115 sq ft · 1%
Existing Coverage
2,599 sq ft · 23%
Addable Coverage
0 sq ft

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 ↗
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