$875,000 Active
5101 North Lake Boulevard #126
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
·
1,381 Sq Ft
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About This Property

Perched on a quiet hillside in the coveted Carnelian Woods community, this beautifully remodeled end-unit townhome offers filtered views of Lake Tahoe and the surrounding forest, creating the perfect blend of mountain serenity and modern comfort. Surrounded by towering pines and adjacent to miles of forest, the setting feels wonderfully private while remaining close to everything the North Shore has to offer. Designed to maximize light and views, the condo features vaulted ceilings, expansive windows, and an open-concept great room anchored by a cozy gas fireplace. The remodeled kitchen flows effortlessly into the living and dining areas, making it ideal for entertaining or relaxing after a day on the slopes or the lake. With two spacious bedrooms, two updated bathrooms, and a generous loft that comfortably serves as a third sleeping area or flexible bonus space, the home easily accommodates family and guests. The tranquil primary suite opens to its own private deck , while a second deck off the great room provides the perfect setting of forest and filtered lake views to enjoy morning coffee, evening drinks or grilling up some food. Previous owners' upgrades, including remodeled kitchen and baths, new wood flooring, and plush carpeting, making this mountain retreat truly move-in ready. Owners of Carnelian Woods enjoy an exceptional array of resort-style amenities, including a swimming pool, hot tub, sauna, clubhouse, tennis and pickleball courts, bocce ball, volleyball, Parcourse and beautifully maintained grounds. Ideally situated on Lake Tahoe's desirable North Shore, the condo is a short drive from Northstar, Palisades Tahoe, and Alpine Meadows, with Patton Beach, Waterman's Landing, Gar Woods Grill & Pier, CB's Bistro, and the Old Post Office Café all within easy walking distance. Hiking and biking trails that begin just beyond your doorstep, offering year-round recreation in every season. If you are searching for a move-in mountain getaway, this remarkable Carnelian Woods townhome offers the quintessential Lake Tahoe lifestyle, where the timeless mountain feel and endless outdoor adventure come together in one unforgettable setting.

Listed by Tracy Voelker — Berkshire Hathaway HomeService

Listing Details

Status Active
MLS # 20261475
Days on Market 1
Price/Sq Ft $634

Property History

Jul 15, 2026
Listed for sale
$875,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,381
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116170072
Parking
Parking Features None
Exterior & Lot
Lot Features Greenbelt, Rental History
View Lake, Filtered
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $3,569 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment
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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 #126, Carnelian Bay

Est. Annual Revenue
$46,002
Avg Nightly Rate
$231
Projected Occupancy
54.6%
Cap Rate
2.1%
Structural Score: 58 / 100 (Premium) · 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% ($175,000)
Home price
$875,000
Loan details
30-yr fixed, 6.5%
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