$1,200,000 Closed
620 North Ridge Drive
Carnelian Bay, CA 96140
SOLD 2022-07-14
Sold for $1,275,000 (listed at $1,200,000)
Real Estate Tahoe represented the buyer
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this address. Permits don't transfer automatically with a sale — verify current status with the county.
3 Beds
·
2.0 Baths
·
1,384 Sq Ft
Virtual Tour

About This Property

Enchanting home in a dream location w/ incredible lake views & bordering Watson Creek. Big private lot surrounded by nature & next to a conservancy lot. The vaulted ceiling living room has a stone fireplace & trademark cabin charm. The quintessential cabin kitchen has a sunny dining area, perfect for your morning coffee. Newly stained deck comes with sunken hot tub & views of Watson creek. Primary bedroom w/ balcony, vaulted ceilings, and lake views. New carpet throughout. RPOA member with pier and buoys.

Listed by Kate Wilkins — Compass

Listing Details

Status Closed
MLS # 20221107
Sold Date 2022-07-14
Sold Price $1,275,000
Price/Sq Ft $867

Property History

Jun 01, 2022
Listed for sale
$1,200,000
Current
Sold
$1,275,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,384
Lot Size 0.52 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091-230-006-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Landscaping
View Lake,Panoramic,Wooded,Mountain,River/Creek
Roof Composition
Utilities & Systems
Heating Natural Gas,CFAH
Water Source Buoy,Shared Pier,Other
Financial
HOA Fee $350 / Y
HOA & Community
Community Amenities Other/See Remarks

STR Investment Summary — 620 North Ridge Drive, Carnelian Bay

Est. Gross Annual Revenue
$35K – $60K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
1.5%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (202 comparable 3-bedroom rentals, 2026-08); 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

Over coverage limit
1,866 sq ft covered of 839 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
22,660 sq ft
Allowed Coverage
839 sq ft · 4%
Existing Coverage
1,866 sq ft · 8%
Addable Coverage
0 sq ft

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 ↗
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