$938,000
5532 Nile Road
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
·
1.0 Baths
·
1,416 Sq Ft
Virtual Tour

About This Property

Tucked into the Agate Bay Heights neighborhood of Carnelian Bay, this beautifully remodeled Tahoe cabin blends clean modern Scandinavian design with classic mountain charm just minutes from trails and the shores of Lake Tahoe. Inside, the home feels fresh, bright, and intentional, with a calm palette, crisp lines, and a warm, minimalist aesthetic throughout. The kitchen is a standout: sleek cabinetry, flush built-in appliances, and a clean, uncluttered look that feels both elevated and effortlessly livable. With 1,416 square feet, the layout offers comfortable main-level living plus a spacious loft that provides flexible additional sleeping space, a home office, or a cozy second lounge. Whether you’re looking for a weekend escape, a full-time Tahoe base, or a low-maintenance modern retreat, this home delivers style, comfort, and location in one inviting package. Set on a generous oversized parcel surrounded by conservancy land, the property offers room to breathe and a true sense of privacy while still being close to beaches, dining, skiing, and everything North Lake Tahoe is known for.

Listed by JB Benna — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20260359
Days on Market 19
Price/Sq Ft $662

Property History

Mar 19, 2026
Listed for sale
$938,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,416
Lot Size 0.33 acres
Stories 2
Year Built 1967
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116-220-028
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings
Lot Features Level
View Wooded
Construction Wooded
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
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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 — 5532 Nile Road, Carnelian Bay

Est. Annual Revenue
$44,459
Avg Nightly Rate
$271
Projected Occupancy
44.1%
Cap Rate
1.9%
Structural Score: 51 / 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% ($187,600)
Home price
$938,000
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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