Sold $2,580,000 $2,750,000 Closed
5305 North Lake Boulevard
Carnelian Bay, CA 96140

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SOLD 2026-08-10
Sold for $2,580,000 (listed at $2,750,000)
4 Beds
·
3.0 Baths
·
2,532 Sq Ft
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About This Property

Discover a truly rare find on the North Shore. Set on an expansive 5.86-acre parcel just down the street from Lake Tahoe, Timberwolf Lodge offers an unmatched combination of acreage privacy with equestrian corrals and convenient proximity to the lake. Featuring a custom log cabin ready to use and enjoy immediately, plus approximately 18,000 square feet of TRPA verified coverage (buyer to independently verify), this property offers the incredible freedom to build a legacy compound or simply enjoy the luxury of space that is exceptionally hard to find near public lake access in North Lake Tahoe. Stepping inside the beautifully crafted main residence, a spacious entryway provides the perfect landing spot for winter ski gear, boots, and outdoor equipment. The home exudes authentic mountain charm with soaring vaulted ceilings and a massive stone fireplace. Recent updates include a newer metal roof on the main home and a kitchen equipped with new appliances. The property is designer-furnished, with an option for buyers to purchase the home turnkey. A basement provides excellent additional room for all your storage needs. Beyond the main home, a detached three-car garage includes a private one-bedroom suite above it with its own living room and kitchenette—perfect for hosting in-laws, overflow guests, or an on-site caretaker. The outdoor spaces are designed to take full advantage of the mountain setting. An expansive deck and a hot tub create the perfect spot to unwind, while the lawn and acreage make it a true paradise for exploring the woods. For endless outdoor adventure, an adjacent greenbelt provides direct access from your property straight into the surrounding forest and trail network. Perfectly positioned centrally between Tahoe City and Kings Beach, the location is unbeatable. You are just a five-minute walk to Carnelian Bay's best local spots, including breakfast at the Old Post Office Cafe, lakeside dining at Garwoods, the miniature golf course, and Waterman's Landing for a day of paddleboarding. Experience the ultimate Tahoe retreat—move-in ready today, with endless potential for tomorrow.

Listed by Kate Wilkins — Compass

Listing Details

Status Closed
MLS # 20260948
Sold Date 2026-08-10
Sold Price $2,580,000
Price/Sq Ft $1,086

Property History

May 22, 2026
Listed for sale
$2,750,000
Jul 10, 2026
Pending
$2,750,000
Aug 10, 2026
Sold
$2,580,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2021 · via MLS history $2,050,000 — —
Aug 2026 · this listing $2,580,000 (+26%) Kate WilkinsCompass Kate WilkinsCompass

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 4
Baths 3.0
Sq. Ft. 2,532
Lot Size 5.86 acres
Year Built 1988
Property Type Single Family Residence
Style Log Cabin
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 115020030000
Parking
Garage Spaces 3
Parking Features Three, Detached, RV Access/Parking, Oversized, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods
Construction Log
Roof Metal
Utilities & Systems
Heating Propane, CFAH

STR Investment Summary — 5305 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$80K – $120K
typically ~$100,000
Avg Nightly Rate
$609
Projected Occupancy
45.0%
Cap Rate
1.4%
Structural Score: 73 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (149 comparable 4-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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
12,984 sq ft covered of 22,316 sq ft allowed
9,332 sq ft of coverage still available to add.
Parcel Size
230,229 sq ft
Allowed Coverage
22,316 sq ft · 10%
Existing Coverage
12,984 sq ft · 6%
Addable Coverage
9,332 sq ft
Land Capability · TRPA-verified
1c, 4, 6

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 compares

Home Insurance Estimate

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

$5,300 – $6,200/yr
about $479/mo
Est. Rebuild Cost (Coverage A)
$1,392,600
FAIR Plan (fire)
$4,400/yr
DIC wrap (theft, water, liability)
$900 – $1,800/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
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