$1,890,000 Active
730 Carnelian Circle
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
·
3.0 Baths
·
2,657 Sq Ft
Virtual Tour

About This Property

Nestled in an extraordinary greenbelt setting and backing to both the Tahoe National Forest and an adjacent lot, this exceptional Tahoe retreat offers a rare combination of privacy, tranquility, and direct access to the very best of mountain living. Surrounded by towering pines and natural beauty, the property enjoys a park-like atmosphere that feels worlds away while remaining conveniently close to everything North Lake Tahoe has to offer. Step out your back door and into an endless outdoor playground. Enjoy immediate access to miles of hiking and mountain biking trails, backcountry skiing, snowmobiling, rock climbing, and countless year-round recreational opportunities that make Lake Tahoe one of the most sought-after resort destinations in the world. Perfectly positioned in the heart of the North Shore, this home is just minutes from world-class skiing and snowboarding at Palisades Tahoe, Alpine Meadows, and Northstar California Resort. Tahoe City and Kings Beach are also nearby, offering convenient access to shopping, dining, entertainment, beaches, and marinas. Whether you're seeking a full-time residence, vacation getaway, family legacy property, or income-producing investment opportunity, this home checks every box. Thoughtfully remodeled with timeless mountain-modern style, the residence features a spacious and inviting floor plan with three bedrooms and three full bathrooms. The beautifully updated kitchen overlooks the serene backyard setting, while the dramatic living room showcases soaring vaulted ceilings and abundant natural light that creates the perfect gathering space after a day on the trails or slopes. Ample storage throughout the home provides functionality and convenience for year-round living. Combining an unbeatable location, unmatched access to outdoor recreation, exceptional privacy, and a beautifully updated home, this is the ultimate Tahoe retreat—a place where adventure begins at your doorstep and lasting memories are made for generations to come.

Listed by Alex Min — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261099
Days on Market 91
Price/Sq Ft $711

Property History

Jun 07, 2026
Listed for sale
$1,890,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 1999 · county record $447,500 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 3
Baths 3.0
Sq. Ft. 2,657
Lot Size 0.48 acres
Year Built 1968
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092031035
Parking
Garage Spaces 2
Parking Features Two, Attached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods, Mountain(s)
Construction Frame, Masonry
Roof Composition
Utilities & Systems
Heating Natural Gas, CFAH
📊

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
$60K – $85K typically ~$70,000
~$5,833 per month
Avg Nightly
$426
Occupancy
45%
Cap Rate
1.5%

STR Investment Summary — 730 Carnelian Circle, Carnelian Bay

Est. Gross Annual Revenue
$60K – $85K
typically ~$70,000
Avg Nightly Rate
$426
Projected Occupancy
45.0%
Cap Rate
1.5%
Structural Score: 60 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (202 comparable 3-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

Room to build
3,247 sq ft covered of 6,242 sq ft allowed
2,995 sq ft of coverage still available to add.
Parcel Size
20,807 sq ft
Allowed Coverage
6,242 sq ft · 30%
Existing Coverage
3,247 sq ft · 16%
Addable Coverage
2,995 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 ↗

Building Permit History

Placer County permit records for this parcel

Residential Limited Plan Review · 2017-06-02
Construction Complete
Tear off wood shake roof and re-roof with Composition shingles STRUCTURE: House MATERIAL / ASSEMBLY: Composition shingles CURRENT ROOF: Wood shake OVERLAYING EXISTING: No # OF EXISTING LAYERS: 1
Permit #BLD17-02162
Residential Limited Plan Review · 2006-12-14
DONE
Remodel kitchen and baths Valuation- $100,000.00
Permit #TRAA 121508.06

Public permit records from the Placer County permit portal, last checked 2026-09-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($378,000)
Home price
$1,890,000
Loan details
30-yr fixed, 6.5%
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