$625,000 Active
695 Shamrock Road
Carnelian Bay, CA 96140

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
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2 Beds
·
1.0 Baths
·
1,032 Sq Ft
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Our data on this home

Short-term rental income $35K – $55K/yr Est. gross · $274/night · 45.0% booked TRPA land coverage Room to build 1,778 of 3,906 sq ft used Home insurance $1,700 – $2,000/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Classic Tahoe Cabin in the Desirable Cedar Flat Lake-Access Neighborhood. Bring your imagination and create your own cozy cabin in the woods! Ideally situated on just under half an acre in the sought-after Lake Tahoe Cedar Flat HOA, this classic Tahoe cabin offers a wonderful opportunity to enjoy the best of North Shore living. Owners enjoy access to one of the area's most beautiful HOA amenities, featuring a private beach, pier, and newly expanded buoy field. The property features a half-circle driveway with ample parking, level entry into the home, two bedrooms, one bath, natural gas to the property, and a tankless water heater. A large, sunny rear deck provides the perfect setting for indoor-outdoor entertaining and enjoying the peaceful surroundings. Tucked into a quiet neighborhood, this property offers the ideal setting to create your own Tahoe retreat.

Listed by Linda Granger — Christie's Int'l R.E. Sereno

Listing Details

Status Active
MLS # 20262229
Days on Market 4
Price/Sq Ft $606

Property History

Nov 13, 2026
Listed for sale
$625,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 1,032
Lot Size 0.45 acres
Year Built 1957
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092170035
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Frame
Roof Composition
Foundation Perim Stone
Utilities & Systems
Heating Electric, Wall Furnace, Baseboard
Financial
HOA Fee $620 / Quarterly
HOA & Community
Community Amenities Beach Access, Other/See Remarks
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
60
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$274
Occupancy
45%
Cap Rate
2.9%

STR Investment Summary — 695 Shamrock Road, Carnelian Bay

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
2.9%
Structural Score: 60 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (94 comparable 2-bedroom rentals, 2026-11); 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
1,778 sq ft covered of 3,906 sq ft allowed
2,128 sq ft of coverage still available to add.
Parcel Size
19,531 sq ft
Allowed Coverage · est.
3,906 sq ft · 20%
Existing Coverage · est.
1,778 sq ft · 9%
Addable Coverage
2,128 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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)
$433,440
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

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

$4,024 per month
Principal & interest
$3,160/mo
Property taxes
$555/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$155/mo
From MLS listing data.
Home insurance
$154/mo
CA FAIR Plan + DIC estimate, ~$1,700–$2,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($125,000)
Home price
$625,000
Loan details
30-yr fixed, 6.5%
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