$799,000 Active
655 Carnelian 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.
2 Beds
·
1,020 Sq Ft
Virtual Tour

About This Property

This charming two bedroom and two bath "Old Tahoe" cabin, a treasure since 1955, is in the highly sought after Cedar Flat subdivision of North Lake Tahoe, surrounded by majestic pine and fir trees. Miles of back-country trails are just moments away. The interior boasts a thoughtfully updated open layout with vaulted pine ceilings, exposed trusses, classic knotty pine paneling, and a cozy wood-burning stove, ideal for gatherings on chilly winter nights. Natural light floods the space, and a spacious south-facing deck maximizes outdoor enjoyment. The Homeowners Association includes a private beach with picnic tables, pier, and buoy access. Also enjoy being just a short drive to Tahoe City and Palisades Ski Resort.

Listed by Tom Mills — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20260775
Days on Market 1
Price/Sq Ft $783

Property History

May 10, 2026
Listed for sale
$799,000
Property Overview
Beds 2
Sq. Ft. 1,020
Stories 2
Year Built 1955
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-170-015
Parking
Parking Features None
Exterior & Lot
Lot Features Downslope,Gentle
View Wooded
Construction Framed
Roof Metal
Utilities & Systems
Heating Natural Gas
Water Source Buoy Limited,Shared Pier
Financial
HOA / Community https://www.cedarflat.org/
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 — 655 Carnelian Road, Carnelian Bay

Est. Annual Revenue
$49,885
Avg Nightly Rate
$305
Projected Occupancy
43.8%
Cap Rate
2.5%
Structural Score: 49 / 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% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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