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About This Property
Come see this stunning 3,800sf (per Plans/Seller) Five (5) Bedroom and Five and a Half (5.5) Bath property in lovely Carnelian Bay. This property has been used successfully as a vacation rental but could also be a luxury residence with its opulent finishes and comfortable flow. Huge windows highlight and accentuate the dramatic location and provide a view to the main floor and the top floor. Central heat combines with a cozy wood-burning stove to keep the property “just right” year-round, and the bedrooms and bathrooms all invite you in with tasteful colors, finishes, and fixtures. The kitchen is another highlight, with a bold six-burner gas stove and double oven and stylish concrete countertops. On the bottom floor is a game area, a theater area, as well as two bedrooms great for those who like to stay up late and enjoy movies or the game of pool. The deck is new (within 2 years) and extends the living space into the great-outdoors, helping an owner or guest to easily and safely take in the Tahoe beauty. Further outside, you will find a fire pit and portable spa, as well as lots of storage hidden beneath the home. What a property!
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jan 2020 · via MLS history | $850,000 | — | — |
| May 2021 · via MLS history | $2,335,000 (+175%) | — | — |
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.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 573 Granite Road, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (36 comparable 5-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
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
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