$2,475,000 Pending
5554 North Lake Boulevard
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
·
1,312 Sq Ft
Virtual Tour

About This Property

This enchanting lakefront retreat is tucked away on Flick Point, one of the most sought-after and scenic spots on the North Shore. Set back from the main road and reached via a shared driveway, the home is surrounded by majestic pine trees. The property includes private lake access through a 50% ownership of an adjacent lakefront parcel. This shared parcel offers 20 feet of shoreline, a lakeside deck with storage for water toys, and a buoy. The charming cabin—remodeled by John Corda—features single-level living with a main-floor bedroom. Unwind on the wrap-around deck beneath the towering pines or take a peaceful walk to the lake or through the vibrant gardens surrounding the home.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Pending
MLS # 20251210
Days on Market 254
Sold Date 2026-08-31
Price/Sq Ft $1,886

Property History

Jun 06, 2025
Listed for sale
$2,475,000
Current
Pending
$2,475,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,312
Lot Size 0.29 acres
Stories 2
Year Built 1969
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116-220-048
Parking
Parking Features None
Exterior & Lot
Exterior Features Landscaping
Lot Features Level
View Lake,Peek,Wooded
Construction Framed
Roof Composition
Utilities & Systems
Heating Natural Gas
Water Source Buoy,Buoy Permitted,Buoy Limited
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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 — 5554 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$51,798
Avg Nightly Rate
$378
Projected Occupancy
38.5%
Cap Rate
0.8%
Structural Score: 45 / 100 (Standard) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($495,000)
Home price
$2,475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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