$620,000 $625,000 ↓ $5,000 reduced Active
5101 North Lake Boulevard #54
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
·
1,106 Sq Ft
Virtual Tour

About This Property

YOUR TAHOE BASECAMP Some places are visited once. Others become the backdrop for years of unforgettable memories. Welcome to your Tahoe basecamp. Tucked among towering pines in the highly desirable Carnelian Woods community, this beautifully remodeled mountain retreat offers an effortless North Lake Tahoe lifestyle where every season brings a new adventure. Perfectly positioned just a short stroll from Patton Beach, Gar Woods Grill & Pier, Waterman's Landing, and the shoreline of Lake Tahoe, this is the kind of place where you can leave the car behind and simply enjoy everything the North Shore has to offer. Inside, soaring vaulted ceilings and abundant natural light create a warm and inviting atmosphere, anchored by a cozy gas fireplace that welcomes you home after a day on the lake or the slopes. The thoughtfully remodeled kitchen opens seamlessly to the living and dining areas, creating an ideal setting for gathering with family and friends. The flexible floor plan features two bedrooms and two beautifully updated bathrooms, including a spacious loft retreat that comfortably accommodates additional guests while offering space to work remotely or unwind after a day outdoors. Every detail has been designed with comfort, functionality, and easy mountain living in mind. Step onto your private deck and take in the peaceful forest setting, where mornings begin with coffee beneath the pines and evenings end under Tahoe's starlit sky. Beyond your front door, Carnelian Woods offers an exceptional collection of resort-style amenities, including a swimming pool, year-round hot tubs, sauna, tennis and pickleball courts, bocce ball, a clubhouse, game room, and beautifully maintained grounds. Whether you're paddleboarding at Patton Beach, enjoying dinner at Gar Woods, skiing Northstar or Palisades Tahoe, or exploring miles of nearby hiking and biking trails, adventure is always within easy reach. Whether you're searching for a full-time residence, an effortless second home, or a turnkey investment opportunity, this is more than a place to stay. It's where summer traditions begin, winter weekends become unforgettable, and lifelong Tahoe memories are made.

Listed by Jenna Belden — COMPASS

Listing Details

Status Active
MLS # 20261666
Days on Market 1
Price/Sq Ft $561

Property History

Aug 08, 2026
Listed for sale
$620,000
Aug 08, 2026
Price changed
$620,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2024 · county record $660,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,106
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116130014000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Greenbelt, Rental History, Tennis Court
View Trees/Woods, Water, Meadow
Construction Frame
Roof Metal
Foundation Concrete Perimeter
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), Exercise Equipment
📊

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 #54, Carnelian Bay

Est. Annual Revenue
$45,411
Avg Nightly Rate
$228
Projected Occupancy
54.6%
Cap Rate
2.9%
Structural Score: 56 / 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% ($124,000)
Home price
$620,000
Loan details
30-yr fixed, 6.5%
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