$2,499,000 Pending
215 Carnelian Bay Avenue
Carnelian Bay, CA 96140
This home is pending. See 6 similar homes for sale in and around Carnelian Bay ↓

Get homes like this by email

When a home like this lists in Carnelian Bay at a similar price and size, we email you the same day. No account needed.

✓ 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.
The remarks mention an ADU or guest unit: in Truckee, much of Placer and Washoe’s Tahoe area, and parts of Nevada County an ADU can’t be a short-term rental, so count on the main house only.
More Lake Tahoe homes for sale where STRs are allowed →
5 Beds
·
4.5 Baths
·
3,780 Sq Ft

Our data on this home

Short-term rental income $105K – $175K/yr Est. gross · $1037/night · 37.0% booked TRPA land coverage Room to build 5,240 of 5,630 sq ft used Home insurance $7,900 – $9,200/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Amazing RENTAL INCOME opportunity in Carnelian Bay! Location, lifestyle and luxury with lake views. Perfect for a vacation rental, primary residence, and income potential. Five bedrooms and four and half bathrooms with an open floor plan perfect for large gatherings, entertaining and hosting events. Second story features a spacious loft and added bonus space. Iconic lake views from bedroom balcony's. Enjoy cooking in the beautiful chef's kitchen with a massive island and top notch appliances. Plenty of parking with ten parking spaces and 400 AMPS of power to add multiple electric car chargers. For an added opportunity there is plenty of room to add an ADU. Right across the street to the lake with a gorgeous dog beach, Garwoods Casual and Fine Dockside Dining, and Sierra Boat Company, the epicenter of classic wood boats in the Western U.S. Situated in the best location in the Tahoe area where you can enjoy stunning beaches, paddle boarding, kayaking, boating and hiking on endless trails right behind the property. A short drive to Northstar and multiple world class ski resorts. This home is the epitome of a four seasons escape with endless fun and adventures for many lifestyles!

Listed by Jaclyn Little — Guide Real Estate

Listing Details

Status Pending
MLS # 20260195
Days on Market 250
Price/Sq Ft $661

Property History

Feb 14, 2026
Listed for sale
$2,499,000
Jul 30, 2026
Pending
$2,499,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 3,780
Lot Size 0.51 acres
Year Built 1977
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 11504004900
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Lake
Construction Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Electric
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$105K – $175K typically ~$140,000
~$11,667 per month
Avg Nightly
$1037
Occupancy
37%
Cap Rate
2.3%

STR Investment Summary — 215 Carnelian Bay Avenue, Carnelian Bay

Est. Gross Annual Revenue
$105K – $175K
typically ~$140,000
Avg Nightly Rate
$1037
Projected Occupancy
37.0%
Cap Rate
2.3%
Structural Score: 62 / 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
5,240 sq ft covered of 5,630 sq ft allowed
391 sq ft of coverage still available to add.
Parcel Size
22,521 sq ft
Allowed Coverage
5,630 sq ft · 25%
Existing Coverage
5,240 sq ft · 23%
Addable Coverage
391 sq ft
Land Capability · TRPA-verified
5

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

$7,900 – $9,200/yr
about $712/mo
Est. Rebuild Cost (Coverage A)
$2,079,000
FAIR Plan (fire)
$6,600/yr
DIC wrap (theft, water, liability)
$1,300 – $2,600/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

$15,569 per month
Principal & interest
$12,636/mo
Property taxes
$2,220/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
$713/mo
CA FAIR Plan + DIC estimate, ~$7,900–$9,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($499,800)
Home price
$2,499,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.

Or call directly: (530) 317-0373