Sold $550,000 $555,000 Closed
5101 North Lake Boulevard #59
Carnelian Bay, CA 96140
SOLD 2026-08-19
Sold for $550,000 (listed at $555,000)
2 Beds
·
1.5 Baths
·
961 Sq Ft

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About This Property

This beautifully updated 2-bedroom, 1.5-bath townhouse with a spacious loft is located in the highly sought-after Carnelian Woods community on the north shore of Lake Tahoe. As a desirable end unit, it offers abundant natural light, added privacy, and convenient access. The upstairs loft serves as a generous and inviting primary suite, complete with a full bathroom. Downstairs, you’ll find a comfortable guest bedroom and a convenient half bath. The home features a thoughtfully updated kitchen and bathrooms, along with new paneling, fresh paint, and modern lighting throughout. Additional upgrades include newer kitchen appliances and an in-unit washer and dryer. This townhouse also is eligible for Placer County short-term rental permit. Carnelian Woods offers an exceptional array of amenities, including a pool, spa, clubhouse, tennis courts, par course, bocce ball, volleyball, and more. Ideally situated, the property is just a short walk to the beach, as well as popular dining spots like Gar Woods Grill & Pier and Old Post Office Café. With world-class ski resorts such as Northstar, Palisades Tahoe, and Alpine Meadows just a short drive away, this home provides year-round recreation. Experience the perfect blend of tranquility, natural beauty, and community living in this special Lake Tahoe retreat.

Listed by Ethan Pontz — eXp Realty of California, Inc

Listing Details

Status Closed
MLS # 20260613
Sold Date 2026-08-19
Sold Price $550,000
Price/Sq Ft $578

Property History

Apr 23, 2026
Listed for sale
$590,000
Jul 01, 2026
Price changed
$555,000
Aug 04, 2026
Pending
$555,000
Aug 26, 2026
Sold
$550,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 961
Year Built 1973
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116120021
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Rental History
View Mountain(s)
Roof Metal
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $3,569 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s)

STR Investment Summary — 5101 North Lake Boulevard #59, Carnelian Bay

Est. Gross Annual Revenue
$30K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
3.2%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (97 comparable 2-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.

Home Insurance Estimate

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

$1,100 – $1,300/yr
about $100/mo
Est. Rebuild Cost (Coverage A)
$288,300
FAIR Plan (fire)
$900/yr
DIC wrap (theft, water, liability)
$200 – $400/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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