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About This Property
YOUR TAHOE BASECAMP Tucked among the pines in Carnelian Woods, this beautifully remodeled two bedroom, two bathroom condo offers an easy way to enjoy North Lake Tahoe in every season. Ideally positioned within the community, Patton Beach, Waterman’s Landing, and Gar Woods are all less than a ten minute walk away, while nearby hiking and biking trails are right outside your front door. Inside, vaulted ceilings make the living area feel open and inviting. Gather around the gas fireplace after a day on the lake or the slopes, or enjoy a meal together in the remodeled kitchen, which opens to the dining and living spaces. The loft offers flexible space for guests, remote work, or a quiet place to unwind. Step onto the private deck and enjoy the peaceful forest setting. Carnelian Woods offers an impressive collection of amenities, including a pool, year-round hot tubs, sauna, tennis and pickleball courts, bocce ball, clubhouse, and game room. With Lake Tahoe just down the road, trails at your doorstep, and Northstar and Palisades Tahoe within easy reach, making the most of every season comes naturally. Already established as a successful short-term rental with rental history, the property offers the added appeal of a proven investment opportunity alongside its use as a personal Tahoe retreat. Offered turnkey, it provides the flexibility to arrive and enjoy from day one, continue its use as a vacation rental, or create a combination of both. More than a home, it’s where your Lake Tahoe story begins.
Listing Details
Property History
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 5101 North Lake Boulevard #54, Carnelian Bay
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.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗ How the Basin comparesBuilding Permit History
Placer County permit records for this parcel
Public permit records from the Placer County permit portal, last checked 2026-10-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
