$530,000 $630,000 ↓ $100,000 reduced Active
5101 North Lake Boulevard #11
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
·
1.5 Baths
·
902 Sq Ft
Virtual Tour

About This Property

Find your sweet spot in Carnelian Woods where vacation rentals are welcome. Ideally positioned near the lake, a dog-friendly beach and the community’s resort-style amenities, this light-filled end unit pairs North Shore convenience with a level, short, paved path from the parking area and a wonderfully peaceful forest setting. The open living area features vaulted ceilings, expansive windows, a stone fireplace and access to a covered deck overlooking open space. The well-maintained interior includes an updated kitchen with generous cabinetry and breakfast-bar seating, two bedrooms, one-and-a-half baths and in-unit laundry. Close to popular dining, recreation and boating destinations, this inviting Tahoe retreat also offers an established rental history and is ready for weekend getaways, extended stays or year-round mountain living. Inspections and Disclosures available upon request. See Virtual Tour for Video and 3-D property walk-through.

Listed by Yvette Shipman — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261683
Days on Market 24
Price/Sq Ft $588

Property History

Aug 12, 2026
Listed for sale
$630,000
Sep 03, 2026
Price reduced
$530,000 $630,000 ↓ $100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2006 · county record $455,000 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 1.5
Sq. Ft. 902
Year Built 1972
Property Type Residential
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116200026000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Greenbelt, Rental History, Cul-De-Sac
View Trees/Woods
Construction Frame
Roof Metal
Foundation Pillar/Post/Pier
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $4,282 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s), Other/See Remarks
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$30K – $50K typically ~$40,000
~$3,333 per month
Avg Nightly
$244
Occupancy
45%
Cap Rate
3.0%

STR Investment Summary — 5101 North Lake Boulevard #11, Carnelian Bay

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
3.0%
Structural Score: 54 / 100 (Standard) · 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
878 sq ft covered of 312 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,040 sq ft
Allowed Coverage
312 sq ft · 30%
Existing Coverage
878 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

Building/Residential/Full Review/NA
DONE
Permit #TCON 3418-2
Building/Residential/Full Review/NA
DONE
Permit #TCON B-99110

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% ($106,000)
Home price
$530,000
Loan details
30-yr fixed, 6.5%
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