$2,475,000 $2,800,000 ↓ $325,000 reduced Pending
5554 North Lake Boulevard
Carnelian Bay, CA 96140

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
3 Beds
·
2.0 Baths
·
1,312 Sq Ft
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Our data on this home

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 503
Price/Sq Ft $1,886

Property History

Jun 06, 2025
Listed for sale
$2,800,000
Current
Pending
$2,475,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,312
Lot Size 0.29 acres
Year Built 1969
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116220048
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Landscaped
View Lake, Peek, Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
47
PROJECTED GROSS ANNUAL REVENUE
$40K – $65K typically ~$55,000
~$4,583 per month
Avg Nightly
$335
Occupancy
45%
Cap Rate
0.9%

STR Investment Summary — 5554 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$40K – $65K
typically ~$55,000
Avg Nightly Rate
$335
Projected Occupancy
45.0%
Cap Rate
0.9%
Structural Score: 47 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (203 comparable 3-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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,800 – $3,200/yr
about $250/mo
Est. Rebuild Cost (Coverage A)
$721,600
FAIR Plan (fire)
$2,300/yr
DIC wrap (theft, water, liability)
$500 – $900/yr

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 costs

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

$14,963 per month
Principal & interest
$12,515/mo
Property taxes
$2,198/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
$250/mo
CA FAIR Plan + DIC estimate, ~$2,800–$3,200/yr — wildfire-zone rates vary; not a bindable 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
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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