$1,400,000 Active
620 North Ridge 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
·
1,384 Sq Ft

About This Property

This three-bedroom, two-bathroom cabin sits on a corner lot at the edge of Carnelian Bay, 1,384 square feet backing to open forest, with a wraparound deck and lake views off the main level and a private balcony off the upstairs primary. $130,684 in 2024 and $107,565 in 2025 in gross Airbnb bookings — the only channel ever run. No dynamic pricing, no direct booking, no second platform. Owner's earnings statements available on request. The capital is already spent. New kitchen with custom cabinets, full-size refrigerator, dishwasher. Two rebuilt baths with walk-in showers and expanded vanities. New mattresses and bedding in all three bedrooms — king upstairs, king on the main level, two twins in the third. Gas stone fireplace, keyless entry, high-speed WiFi, washer/dryer. Four-car driveway. 4.91 stars across 114 reviews, Airbnb Guest Favorite, 5.0 on location. Sleeps 8, pet-friendly, roughly a 10-minute walk to the lake, short drive to Tahoe City and the North Shore resorts.

Listed by Kristina Mattson — Real Estate Tahoe

Listing Details

Status Active
MLS # 20261468
Days on Market 1
Price/Sq Ft $1,012

Property History

Jul 14, 2026
Listed for sale
$1,400,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,384
Lot Size 0.52 acres
Year Built 1976
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091230006000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Peek, Trees/Woods, Mountain(s)
Construction Frame, Wood Siding
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Beach Access
📊

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 — 620 North Ridge Road, Carnelian Bay

Est. Annual Revenue
$38,753
Avg Nightly Rate
$203
Projected Occupancy
52.4%
Cap Rate
1.1%
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.

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. 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% ($280,000)
Home price
$1,400,000
Loan details
30-yr fixed, 6.5%
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