Sold $540,000 $574,800 Closed
5101 North Lake Boulevard #68
Carnelian Bay, CA 96140

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SOLD 2026-03-30
Sold for $540,000 (listed at $574,800)
2 Beds
·
2.0 Baths
·
1,332 Sq Ft

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It sold for $540,000 on 2026-03-30, 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.

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Our data on this home

About This Property

Welcome to your mountain retreat in the heart of North Lake Tahoe! This tastefully updated 2-bedroom, 2-bath with loft is centrally located in the Carnelian Woods condo complex and offers the perfect blend of comfort, location, and amenities. The property has a secluded forested setting and is just a short walk (1/2 mile) from the shores of Lake Tahoe, and the shops and restaurants of Carnelian Bay, this townhome-style unit is ideal for full-time living, a vacation getaway, or a smart investment property.

Listed by Brett Williams — Agate Bay Realty, Inc.

Listing Details

Status Closed
MLS # 20260313
Sold Date 2026-03-30
Sold Price $540,000
Price/Sq Ft $432

Property History

Mar 12, 2026
Listed for sale
$574,800
Current
Sold
$540,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,332
Year Built 1973
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116120010000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods
Roof Metal
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $3,570 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s), Other/See Remarks

STR Investment Summary — 5101 North Lake Boulevard #68, Carnelian Bay

Est. Gross Annual Revenue
$35K – $60K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
3.5%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (95 comparable 2-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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,600 – $1,800/yr
about $142/mo
Est. Rebuild Cost (Coverage A)
$399,600
FAIR Plan (fire)
$1,300/yr
DIC wrap (theft, water, liability)
$300 – $500/yr

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
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