$550,000 Active
5101 North Lake Boulevard #49
Carnelian Bay, CA 96140
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
2 Beds
·
2.0 Baths
·
1,332 Sq Ft

About This Property

Welcome to Carnelian Woods, one of North Lake Tahoe’s most sought-after condominium communities, ideally located just a short walk from Patton Beach, Gar Woods Grill & Pier, and the Old Post Office Café. Nestled among towering pines in a peaceful forest setting, this beautifully updated three-story townhome offers the perfect blend of mountain charm, modern comfort, and exceptional community amenities. Residents and guests enjoy access to an Olympic-size swimming pool during the summer months, two year-round hot tubs, a clubhouse/lodge featuring arcade games and a pool table, and convenient proximity to North Lake Tahoe’s world-class ski resorts, hiking trails, dining, and recreation. The thoughtfully designed floor plan features two bedrooms, a sleeping loft, and two full bathrooms, comfortably accommodating family and friends. The main living area is located on the second (middle) floor and showcases an open-concept layout with updated flooring, renovated kitchen and dining spaces, contemporary lighting, and a cozy electric fireplace that creates a warm mountain ambiance. Large windows bring in natural light while the spacious deck provides the perfect setting for outdoor dining and entertaining with a gas barbecue. The fully equipped kitchen features an electric range, breakfast bar seating, and ample space for preparing meals after a day on the lake or slopes. On the entry level, the primary suite offers a king bed, generous closet space, a private patio, and direct access to a Jack-and-Jill bathroom with an oversized tiled walk-in shower. A second bedroom includes a queen bed and smart TV. The third-floor loft provides additional sleeping accommodations with two twin beds and one full bed, making this an ideal retreat for larger groups. Additional conveniences include separate washer and dryer closets and multiple smart TVs throughout the home. Located just moments from the shoreline of Lake Tahoe, Carnelian Woods is renowned for its easy lake access and exceptional year-round recreational opportunities. Please note that guests must climb stairs, as the home spans three levels with the main living areas situated on the second floor. The living room fireplace is electric. The property is equipped with a 40-gallon water heater, and as with many mountain properties, wildlife such as bears, coyotes, raccoons, and other native animals may occasionally be seen in the area.

Listed by C. Kelly Smith — Centr-21 Tahoe North, Realtors

Listing Details

Status Active
MLS # 20261178
Price/Sq Ft $413

Property History

Jun 16, 2026
Listed for sale
$550,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,332
Stories 2
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116-130-009-000
Parking
Parking Features None
Exterior & Lot
Lot Features Gentle
View Wooded
HOA & Community
Community Amenities Pool,Tennis Courts,Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 5101 North Lake Boulevard #49, Carnelian Bay

Est. Annual Revenue
$43,109
Avg Nightly Rate
$295
Projected Occupancy
39.7%
Cap Rate
3.1%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may vary.

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($110,000)
Home price
$550,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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