$929,000 Active
5656 Victoria 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.
3 Beds
·
2.0 Baths
·
1,632 Sq Ft
Virtual Tour

About This Property

Open House Sunday, May 3rd from 10:00 AM to 12:00 PM. Welcome to 5656 Victoria Road in the heart of Carnelian Bay. This well-maintained mountain retreat offers a proven rental history, making it an ideal investment opportunity or full-time residence on the North Shore. Situated on a desirable flat lot, the home features a spacious deck that has been recently painted and stained, perfect for outdoor entertaining and soaking in the peaceful Sierra surroundings. Inside, a striking large stone fireplace anchors the living space, creating a warm and inviting atmosphere year-round. You'll find useable space throughout the home with larger bedrooms and a generously sized living area - no wasted square footage here. The functional layout offers comfortable living with classic Tahoe charm throughout. Tucked in a desirable area of Carnelian Bay, this property delivers the quintessential North Shore lifestyle while being just minutes from lakefront access, Carnelian Bay's shops and dining, and world-class skiing and recreation. Whether you're looking for a revenue-generating vacation rental, a mountain getaway, or a place to call home, this one checks all the boxes.

Listed by Kyle Jacobson — Home and Slate Real Estate

Listing Details

Status Active
MLS # 20260696
Days on Market 1
Price/Sq Ft $569

Property History

May 02, 2026
Listed for sale
$929,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,632
Lot Size 0.22 acres
Stories 2
Year Built 1977
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116-110-061
Parking
Parking Features None
Exterior & Lot
Exterior Features Pantry,Rental History
Lot Features Level
View Wooded
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
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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 — 5656 Victoria Road, Carnelian Bay

Est. Annual Revenue
$62,485
Avg Nightly Rate
$455
Projected Occupancy
37.9%
Cap Rate
2.7%
Structural Score: 52 / 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% ($185,800)
Home price
$929,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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