$949,000 Active
890 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
·
2.0 Baths
·
1,160 Sq Ft

About This Property

Offered for sale for the very first time, this cherished mountain retreat has remained in the hands of the original family since it was built in 1980. After 45 years of making memories, it's ready for its next chapter. Tucked away on a quiet loop street where traffic is virtually nonexistent, this is the kind of peaceful setting that's difficult to find in Lake Tahoe. With no homes immediately beside you and a forested hillside bordering the backyard, this property offers an exceptional sense of privacy and seclusion. Gather with family and friends on the expansive south-facing deck or unwind in the shade of the towering pine trees at the cozy sitting area tucked farther back. Through the aspens and pines, you'll even catch glimpses of beautiful Lake Tahoe. Inside, vaulted ceilings and a dramatic wall of south-facing windows fill the great room with natural light throughout the day, creating an open, airy feel that lives far larger than its 1,160 square feet. A floor-to-ceiling stone fireplace anchors the living space, while the open concept layout makes entertaining effortless. The main level features two bedrooms and a full bath, while a charming spiral staircase leads to a spacious loft, third bedroom, and second full bath, creating the perfect retreat for guests, kids, or a second living area. A detached one car garage provides valuable storage for all your Tahoe gear. Rarely does a home in this price range combine a garage, remarkable privacy, tall ceilings, abundant natural light, and a setting this peaceful. Lovingly maintained through the decades and offered for sale for the first time ever, this is a truly special opportunity to become only the second owner of a home that has been treasured since the day it was built.

Listed by Michael Fricke — LPT Realty, Inc

Listing Details

Status Active
MLS # 20261360
Days on Market 1
Price/Sq Ft $818

Property History

Jul 02, 2026
Listed for sale
$949,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,160
Lot Size 0.32 acres
Year Built 1980
Property Type Single Family Residence
Style Chalet
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092031014
Parking
Garage Spaces 1
Parking Features One, Detached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Peek, Trees/Woods, Mountain(s)
Construction Frame
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
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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 — 890 Carnelian Circle, Carnelian Bay

Est. Annual Revenue
$47,128
Avg Nightly Rate
$324
Projected Occupancy
39.7%
Cap Rate
2.0%
Structural Score: 63 / 100 (Premium) · 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
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% ($189,800)
Home price
$949,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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