$6,995,000 $8,500,000 ↓ $1,505,000 reduced Pending
5390 North Lake Boulevard
Carnelian Bay, CA 96140
This home is pending. See 3 similar homes for sale in and around Carnelian Bay ↓

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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.
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5 Beds
·
3.5 Baths
·
3,000 Sq Ft

Our data on this home

Short-term rental income $65K – $125K/yr Est. gross · $813/night · 32.0% booked TRPA land coverage Room to build 3,400 of 3,792 sq ft used Home insurance $6,400 – $7,400/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Discover the magic of Tahoe from this inviting lakefront retreat in coveted Carnelian Bay. With a flat spacious parcel over 200 feet deep and crystal-clear lake views, the property offers room to relax, play and dream. Spend long summer days on the shared rock cribbed pier with boat house & 2 buoys, or lounging on the expansive sun decks including one at the waters edge. The 3,000 sq ft home blends Old Tahoe Charm with modern comforts - 5 BR, 3.5 BA, two living rooms, a newer kitchen and classic stone fireplaces. Central to skiing, shopping, hiking, biking & dining. Enjoy as-is yet brimming with potential with 6970 sq ft of verified TRPA coverage to build a new luxury residence should you desire. A rare offering for a legacy lakefront opportunity.

Listed by Bill Leeder — Chase International - TC

Listing Details

Status Pending
MLS # 20252557
Days on Market 320
Price/Sq Ft $2,332

Property History

Dec 06, 2025
Listed for sale
$8,500,000
Jul 22, 2026
Price reduced
$6,995,000 $7,500,000 ↓ $505,000
Aug 28, 2026
Pending
$6,995,000
Sep 04, 2026
Relisted
$6,995,000
Oct 05, 2026
Pending
$6,995,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,000
Lot Size 0.29 acres
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 115010035000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped
View Panoramic-Lake
Construction Frame
Foundation Concrete Perimeter
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
66
PROJECTED GROSS ANNUAL REVENUE
$65K – $125K typically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
0.5%

STR Investment Summary — 5390 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$65K – $125K
typically ~$95,000
Avg Nightly Rate
$813
Projected Occupancy
32.0%
Cap Rate
0.5%
Structural Score: 66 / 100 (Premium) · STR Zone: Yellow

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

Room to build
3,400 sq ft covered of 3,792 sq ft allowed
392 sq ft of coverage still available to add.
Parcel Size
12,641 sq ft
Allowed Coverage
3,792 sq ft · 30%
Existing Coverage
3,400 sq ft · 27%
Addable Coverage
392 sq ft

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 compares

Home Insurance Estimate

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

$6,400 – $7,400/yr
about $575/mo
Est. Rebuild Cost (Coverage A)
$1,650,000
FAIR Plan (fire)
$5,300/yr
DIC wrap (theft, water, liability)
$1,100 – $2,100/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

$42,159 per month
Principal & interest
$35,371/mo
Property taxes
$6,213/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
$575/mo
CA FAIR Plan + DIC estimate, ~$6,400–$7,400/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($1,399,000)
Home price
$6,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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