$2,199,900 $2,749,000 ↓ $549,100 reduced Active
573 Granite 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.
5 Beds
·
5.5 Baths
·
3,800 Sq Ft
Virtual Tour

About This Property

Come see this stunning 3,800sf (per Plans/Seller) Five (5) Bedroom and Five and a Half (5.5) Bath property in lovely Carnelian Bay. This property has been used successfully as a vacation rental but could also be a luxury residence with its opulent finishes and comfortable flow. Huge windows highlight and accentuate the dramatic location and provide a view to the main floor and the top floor. Central heat combines with a cozy wood-burning stove to keep the property “just right” year-round, and the bedrooms and bathrooms all invite you in with tasteful colors, finishes, and fixtures. The kitchen is another highlight, with a bold six-burner gas stove and double oven and stylish concrete countertops. On the bottom floor is a game area, a theater area, as well as two bedrooms great for those who like to stay up late and enjoy movies or the game of pool. The deck is new (within 2 years) and extends the living space into the great-outdoors, helping an owner or guest to easily and safely take in the Tahoe beauty. Further outside, you will find a fire pit and portable spa, as well as lots of storage hidden beneath the home. What a property!

Listed by Nicholas Maloof — Maloof Properties

Listing Details

Status Active
MLS # 20241017
Days on Market 776
Price/Sq Ft $579

Property History

Jun 06, 2024
Listed for sale
$2,199,900
Jul 09, 2026
Price changed
$2,199,900
Property Overview
Beds 5
Baths 5.5
Sq. Ft. 3,800
Lot Size 0.23 acres
Property Type Single Family Residence
Style Modified A-Frame
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116020028000
Parking
Garage Spaces 1
Parking Features One, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street, Rental History
View Trees/Woods, Mountain(s)
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $800 / Annually
HOA & Community
Community Amenities Beach Access, Pool, Other/See Remarks
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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 — 573 Granite Road, Carnelian Bay

Est. Annual Revenue
$59,946
Avg Nightly Rate
$353
Projected Occupancy
46.7%
Cap Rate
1.1%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,921 sq ft covered of 102 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,200 sq ft
Allowed Coverage
102 sq ft · 1%
Existing Coverage
1,921 sq ft · 19%
Addable Coverage
0 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($439,980)
Home price
$2,199,900
Loan details
30-yr fixed, 6.5%
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