$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 28
Price/Sq Ft $561

Property History

Aug 08, 2026
Listed for sale
$625,000
Aug 08, 2026
Price reduced
$620,000 $625,000 ↓ $5,000

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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

Yellow Zone
STRUCTURAL SCORE Premium
56
PROJECTED GROSS ANNUAL REVENUE
$40K – $65K typically ~$50,000
~$4,167 per month
Avg Nightly
$304
Occupancy
45%
Cap Rate
3.2%

STR Investment Summary — 5101 North Lake Boulevard #54, Carnelian Bay

Est. Gross Annual Revenue
$40K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
3.2%
Structural Score: 56 / 100 (Premium) · STR Zone: Yellow

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

Over coverage limit
835 sq ft covered of 10 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,000 sq ft
Allowed Coverage
10 sq ft · 1%
Existing Coverage
835 sq ft · 84%
Addable Coverage
0 sq ft

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 ↗

Building Permit History

Placer County permit records for this parcel

2 expired permits
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-11-08
Construction Complete
Repair rim joist. Remove and reset hand rail as needed to implement repair. Unit 54
Permit #BLD24-06601
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2020-08-31
Construction Complete
Remodel bathroom and shower. Remodel = 35sf
Permit #BLD20-04345
RESIDENTIAL: Limited Review (Electrical, Mechanical, Plumbing, Roof Solar, etc) · 2019-04-25
Expired
GAS LINE TO BBQ - GAS LINE FROM MAIN METER TO DECK
Permit #BLD19-01609
Residential Limited Plan Review · 2007-06-11
EXPI
Kitchen/bath remodel: tile, tub, electrical Contract Price: $10,000-
Permit #TRAA 122123.07
Building/Residential/Full Review/NA
DONE
Permit #TCON 3570-7

Public permit records from the Placer County permit portal, last checked 2026-09-05. 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

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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