$525,000 Active
5101 North Lake Boulevard #61
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.
1 Beds
·
1.5 Baths
·
1,106 Sq Ft
Virtual Tour

About This Property

Escape to the Woods! Carnelian Woods #61 is an inviting mountain retreat with one bedroom plus a loft, one and a half bathrooms. Located in the heart of North Lake Tahoe allowing for amazing access to the lake, trails, resorts and more... All with worry-free condo living. The interior features an open concept layout with a fully functional first floor and thoughtful updates throughout. The kitchen features quartzite countertops and custom cabinets, perfect for everyday living and casual meals. The inviting living area features soaring vaulted wood beamed ceilings that gives a spacious yet cozy feel. Unwind on the covered deck with peaceful views of the surrounding woods and a year-round creek. The first-floor primary suite is light and bright with access to the full bathroom offering comfort and privacy, while upstairs the loft provides flexible space featuring a bunk setup, couch, and desk plus an additional half bathroom. Stacking washer and dryer in the hall along with a coat closet. 2 large storage closets are located in the exterior entry for keeping all of your toys and gear ready to go. Residents can enjoy exceptional community amenities, including a clubhouse, recreation center, swimming pool, hot tubs, saunas, tennis/pickleball courts, bocce, basketball, and a par course for outdoor workouts. Carnelian Woods is adjacent to the stunning Tahoe National Forest, providing access to scenic hiking trails and exhilarating back-country adventures. Whether you're an outdoor enthusiast or seeking relaxation, this location offers endless opportunities. Just a short stroll or drive away, Lake Tahoe's crystal-clear waters await, offering swimming, boating, kayaking, and beach lounging perfect for lasting memories. Nearby winter resorts include Northstar at Tahoe, Palisades Tahoe, Alpine Meadows, and others all within a 30 minutes drive.

Listed by Elizabeth Edmunds — Chase International - TC

Listing Details

Status Active
MLS # 20261572
Days on Market 1
Price/Sq Ft $475

Property History

Jul 29, 2026
Listed for sale
$525,000
Property Overview
Beds 1
Baths 1.5
Sq. Ft. 1,106
Year Built 1973
Property Type Residential
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116120003
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Condo/PUD Project, Tennis Court
View Trees/Woods, Water
Construction Frame, Masonite
Roof Metal
Foundation Pillar/Post/Pier
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $3,569 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s), 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 #61, Carnelian Bay

Est. Annual Revenue
$36,153
Avg Nightly Rate
$181
Projected Occupancy
54.7%
Cap Rate
2.8%
Structural Score: 54 / 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% ($105,000)
Home price
$525,000
Loan details
30-yr fixed, 6.5%
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