Sold $791,000 $799,000 Closed
655 Carnelian Road
Carnelian Bay, CA 96140

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SOLD 2026-07-24
Sold for $791,000 (listed at $799,000)
2 Beds
·
2.0 Baths
·
1,020 Sq Ft
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Our data on this home

About This Property

This charming two bedroom and two bath "Old Tahoe" cabin, lovingly maintained by the original owners since 1955, is in the highly sought after Cedar Flat subdivision of North Lake Tahoe. Large parcel enhances the peaceful mountain setting and is accented by older growth 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. A short drive to Tahoe City and Palisades Ski Resort.

Listed by Tom Mills — Coldwell Banker Realty

Listing Details

Status Closed
MLS # 20260775
Sold Date 2026-07-24
Sold Price $791,000
Price/Sq Ft $783

Property History

May 11, 2026
Listed for sale
$799,000
Jul 24, 2026
Sold
$791,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,020
Year Built 1955
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092170015
Parking
Parking Features None
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Frame
Roof Metal
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Beach Access

STR Investment Summary — 655 Carnelian Road, Carnelian Bay

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
2.2%
Structural Score: 51 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (95 comparable 2-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

Room to build
2,203 sq ft covered of 4,194 sq ft allowed
1,991 sq ft of coverage still available to add.
Parcel Size
13,979 sq ft
Allowed Coverage
4,194 sq ft · 30%
Existing Coverage
2,203 sq ft · 16%
Addable Coverage
1,991 sq ft
Land Capability · TRPA-verified
6

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 compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,700 – $2,000/yr
about $154/mo
Est. Rebuild Cost (Coverage A)
$428,400
FAIR Plan (fire)
$1,400/yr
DIC wrap (theft, water, liability)
$300 – $600/yr

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 costs
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