$599,000 Active
5101 North Lake Boulevard #35
Carnelian Bay, CA 96140

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
2 Beds
·
2.0 Baths
·
1,468 Sq Ft

Our data on this home

About This Property

Discover the best of North Lake Tahoe living in this beautifully remodeled Carnelian Woods townhome, ideally situated in the heart of Carnelian Bay. Offering 2 bedrooms, 2 bathrooms, and 2 versatile loft spaces, this thoughtfully upgraded mountain retreat combines modern comfort, functional living, and an unbeatable location just moments from Lake Tahoe. The inviting interior features a beautifully renovated kitchen, updated bathrooms, and numerous improvements throughout. A thoughtfully added second loft provides additional flexible living space, ideal for a home office, guest accommodations, or recreation area, while a separate laundry room adds everyday convenience. Whether you're seeking a year-round residence or a relaxing Tahoe getaway, this home offers the perfect blend of comfort and mountain charm. Residents of Carnelian Woods enjoy an impressive collection of resort-style amenities, including a spacious clubhouse with kitchen, heated swimming pool, hot tubs, saunas, tennis courts, bocce ball, arcade, and access to scenic walking and hiking trails. Enjoy the convenience of being just a short stroll from Lake Tahoe's beautiful beaches, Waterman's Landing for kayaking and paddleboarding, and popular local dining destinations including Gar Woods and CB's Pizza. With nearby miniature golf, shopping, and endless opportunities for year-round outdoor recreation, this exceptional Carnelian Bay location puts the very best of the North Shore lifestyle right at your doorstep. Experience the perfect combination of updated mountain living, resort-style amenities, and easy access to everything Lake Tahoe has to offer.

Listed by Kristina Mattson — Real Estate Tahoe

Listing Details

Status Active
MLS # 20262178
Days on Market 1
Price/Sq Ft $408

Property History

Oct 28, 2026
Listed for sale
$599,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2019 · county record $459,000 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. 1,468
Year Built 1973
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116190016000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Tennis Court
View Trees/Woods
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Natural Gas, CFAH
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
51
PROJECTED GROSS ANNUAL REVENUE
$45K – $65K typically ~$55,000
~$4,583 per month
Avg Nightly
$335
Occupancy
45%
Cap Rate
3.7%

STR Investment Summary — 5101 North Lake Boulevard #35, Carnelian Bay

Est. Gross Annual Revenue
$45K – $65K
typically ~$55,000
Avg Nightly Rate
$335
Projected Occupancy
45.0%
Cap Rate
3.7%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (95 comparable 2-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,700 – $2,000/yr
about $154/mo
Est. Rebuild Cost (Coverage A)
$440,400
FAIR Plan (fire)
$1,400/yr
DIC wrap (theft, water, liability)
$300 – $600/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$3,715 per month
Principal & interest
$3,029/mo
Property taxes
$532/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$154/mo
CA FAIR Plan + DIC estimate, ~$1,700–$2,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($119,800)
Home price
$599,000
Loan details
30-yr fixed, 6.5%
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