$1,450,000 Pending
715 Granite 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.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
4 Beds
·
2.5 Baths
·
2,106 Sq Ft
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About This Property

Tucked at the end of the street and bordered by open space, conservancy land, and Forest Service land, this south-facing Agate Bay home offers a level of privacy that's increasingly rare at Lake Tahoe. Inside, the great room sets the tone with vaulted ceilings, skylights, and an open floor plan. The dining room overlooks the backyard with beautiful rock patio, hot tub and kids fort. The family room opens onto a deck made for long summer evenings. The primary suite is a true retreat, with multiple closets, an oversized walk-in shower, and a spa tub. A junior suite looks out into the forest and has its own attached half bath. Two more bedrooms, 2.5 baths in total, and a two-car garage complete the home. Underground utilities keep the sightlines clean, and the southern exposure fills the home with natural light. This home includes a Tier 2 membership, which gives access to a seasonal pool and hot tub, lawn area, fun snack bar, and tennis and pickleball courts with transfer fee.

Listed by Rebecca Arnold — Sierra Sotheby's Int Realty TC

Listing Details

Status Pending
MLS # 20262049
Days on Market 8
Price/Sq Ft $689

Property History

Oct 01, 2026
Listed for sale
$1,450,000
Current
Pending
$1,450,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2000 · county record $419,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,106
Lot Size 0.24 acres
Year Built 1976
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116020005
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$45K – $80K typically ~$60,000
~$5,000 per month
Avg Nightly
$365
Occupancy
45%
Cap Rate
1.6%

STR Investment Summary — 715 Granite Road, Carnelian Bay

Est. Gross Annual Revenue
$45K – $80K
typically ~$60,000
Avg Nightly Rate
$365
Projected Occupancy
45.0%
Cap Rate
1.6%
Structural Score: 68 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (151 comparable 4-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
2,531 sq ft covered of 428 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,633 sq ft
Allowed Coverage
428 sq ft · 4%
Existing Coverage
2,531 sq ft · 24%
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 ↗ How the Basin compares

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

$8,924 per month
Principal & interest
$7,332/mo
Property taxes
$1,288/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
$0/mo
From MLS listing data.
Home insurance
$304/mo
CA FAIR Plan + DIC estimate, ~$3,400–$3,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($290,000)
Home price
$1,450,000
Loan details
30-yr fixed, 6.5%
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