$1,639,000
590 Tunnington Drive
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.
5 Beds
·
4.0 Baths
·
3,260 Sq Ft
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About This Property

Tucked into the quiet, highly sought-after Cedar Flat neighborhood, this spacious mountain home offers the kind of Tahoe lifestyle people come here for. With access to the Cedar Flat Improvement Association - including a private beach, double-deck pier, and buoy field (via lottery) - your days can easily shift from morning coffee in the trees to afternoons on the lake. The home is designed for gathering, while still giving everyone their own space to unwind. The main living areas feel warm and inviting, with classic Tahoe wood accents, a beautiful stone wood-burning fireplace, and plenty of natural light. The dining area adds its own cozy touch with a brick gas fireplace, creating the perfect setting for long, relaxed dinners. Out front, a large deck sets the stage for entertaining, whether it’s summer evenings with friends or quiet mornings surrounded by the trees. The primary suite is a true retreat - spacious and private, with its own gas stove, balcony, oversized closet, and a well-appointed bath featuring a jetted tub and separate shower. Updated touches throughout, including brand new carpet, blend seamlessly with the home’s original character, giving it that timeless “Old Tahoe” feel without sacrificing comfort. A rare combination of location, charm, and functionality in one of Carnelian Bay’s most beloved neighborhoods.

Listed by Linda Granger — Christie's Int'l R.E. Sereno

Listing Details

Status Active
MLS # 20260557
Days on Market 6
Price/Sq Ft $503

Property History

Apr 11, 2026
Listed for sale
$1,639,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 3,260
Stories 2
Year Built 1953
Property Type Single Family Residence
Style Chalet
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-170-029
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings
Lot Features Upslope
View Wooded
Construction Framed
Roof Composition,Metal
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Water Source Pier
Financial
HOA Fee $601
HOA & Community
Community Amenities Beach Access
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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 — 590 Tunnington Drive, Carnelian Bay

Est. Annual Revenue
$90,929
Avg Nightly Rate
$980
Projected Occupancy
25.1%
Cap Rate
2.2%
Structural Score: 55 / 100 (Premium) · 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% ($327,800)
Home price
$1,639,000
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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