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About This Property
Welcome to this 4-bedroom, 3-bath reverse floorplan home in Agate Bay, thoughtfully designed to put the living space where the light is. Upstairs, a vaulted great room is the heart of the home — art glass pendant lighting and multiple skylights fill the space with natural light, while the open kitchen, dining, and living areas make it easy to gather. The kitchen features newer stainless steel appliances and flows seamlessly into the living and dining rooms. Step out onto the spacious deck off the great room, ideal for barbecues and relaxing evenings. The main-floor primary suite is a true retreat, with its own attached bathroom with soaking tub, gas fireplace, sitting area, skylights, and private deck. A junior suite with an attached bath offers flexibility for multi-generational living or extended guests, while two additional bedrooms share a well-appointed hall bath. A second front deck — accessible from both the main entry and laundry area — features a hot tub, perfect for unwinding after a day at the lake or on the slopes. Situated on over a third of an acre, this house is blocks from neighborhood trails for exploring or pet walks. A short drive from Tahoe City and Kings Beach alike, this house has easy access to Interstate 80 via HWY 267 passing Northstar Resort, Truckee airport and Brockway Golf course along the lakeview drive. Palisades Tahoe is roughly 14 miles away for world class skiing in winter and festive off season events.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Aug 2001 · county record | $400,000 | Deed record — brokerage sides not reported | |
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.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 5965 Korlebu Lane, Carnelian Bay
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
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
