$590,000 Active
5101 North Lake Boulevard #59
Carnelian Bay, CA 96161
✓ 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
·
961 Sq Ft

About This Property

This beautifully updated 2-bedroom, 1.5-bath townhouse with a spacious loft is located in the highly sought-after Carnelian Woods community on the north shore of Lake Tahoe. As a desirable end unit, it offers abundant natural light, added privacy, and convenient access. The upstairs loft serves as a generous and inviting primary suite, complete with a full bathroom. Downstairs, you’ll find a comfortable guest bedroom and a convenient half bath. The home features a thoughtfully updated kitchen and bathrooms, along with new paneling, fresh paint, and modern lighting throughout. Additional upgrades include newer kitchen appliances and an in-unit washer and dryer. This townhouse also is eligible for Placer County short-term rental permit. Carnelian Woods offers an exceptional array of amenities, including a pool, spa, clubhouse, tennis courts, par course, bocce ball, volleyball, and more. Ideally situated, the property is just a short walk to the beach, as well as popular dining spots like Gar Woods Grill & Pier and Old Post Office Café. With world-class ski resorts such as Northstar, Palisades Tahoe, and Alpine Meadows just a short drive away, this home provides year-round recreation. Experience the perfect blend of tranquility, natural beauty, and community living in this special Lake Tahoe retreat.

Listed by Ethan Pontz — eXp Realty of California, Inc

Listing Details

Status Active
MLS # 20260613
Days on Market 1
Price/Sq Ft $614

Property History

Apr 22, 2026
Listed for sale
$590,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 961
Stories 2
Year Built 1973
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116-120-021
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Rental History
Lot Features Downslope,Gentle
View Mountain
Roof Metal
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $3,569
HOA & Community
Community Amenities Pool,Tennis Courts
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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 #59, Carnelian Bay

Est. Annual Revenue
$56,089
Avg Nightly Rate
$341
Projected Occupancy
44.2%
Cap Rate
3.8%
Structural Score: 53 / 100 (Standard) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($118,000)
Home price
$590,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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