Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
6Beds
·
5.0Baths
·
About This Property
Perfect for large groups and family escapes, now is the season to buy at Tahoe's north shore. Just in time for your fall and winter fun, the price has improved for "Our Forest Getaway", a fully remodeled modern mountain compound at 3880 Forest Road in Carnelian Bay. This partially furnished 6-bedroom, 5-bath property blends refined Tahoe style with rare flexibility, offering a beautifully remodeled main residence plus a detached two-car garage complex with standout bonus spaces. The main home features fresh finishes, updated systems, new heating and air conditioning, and an inviting layout designed for gathering after days on the lake or slopes. One en-suite bedroom with private covered decking access is an ideal guest retreat, game room, or separate family lounge. A second light and bright en-suite unit above the garage offers versatility with a wet bar setup and may be a strong ADU candidate. Below the garage, a quiet bonus area currently used for fitness provides the perfect setting for yoga, meditation, an art studio, or a private office. Updated electrical, modern HVAC, and air conditioning in both structures deliver uncommon peace of mind in Tahoe. Minutes from Carnelian Bay beaches, dining, trails, Northstar, and Palisades Tahoe, this is a rare North Lake Tahoe opportunity designed for lifestyle, comfort, and long-term value. See details at https://hlm.homelight.com/link/3880-Forest-Road-zqkytkbt
Listed by Sue Daniels — Coldwell Banker Realty
Listing Details
StatusActive
MLS #20260832
Days on Market128
Property History
May 15, 2026
Listed for sale
$2,250,000
Aug 29, 2026
Price reduced
$1,995,000
$2,250,000
↓
$255,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
May 2021
· via MLS history
$740,000
—
—
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.
Community AmenitiesBeach Access, Tennis Court(s), Cross Country Skiing, Exercise Equipment, Boat Ramp, Other/See Remarks
📊
STR Investment Analysis
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Yellow Zone
STRUCTURAL SCOREPremium
65
PROJECTED GROSS ANNUAL REVENUE
$80K – $145Ktypically ~$115,000
~$9,583 per month
Avg Nightly
$985
Occupancy
32%
Cap Rate
2.3%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 3880 Forest Road, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (37 comparable 5-bedroom rentals, 2026-08); 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
Over coverage limit
4,491 sq ft coveredof 2,926 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,703 sq ft
Allowed Coverage
2,926 sq ft · 25%
Existing Coverage
4,491 sq ft · 38%
Addable Coverage
0 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.
1. Upgrade 200 AMP from 100 AMP main panel over head with new riser - upgrade 2. Demo existing 100 amp sub panel in the kitchen and replace with a new one like to like 3. Demo existing subpanel and Install new 100 AMP in the basement like to like CURRENT PANEL AMPERAGE: 100 PROPOSED PANEL AMPERAGE: 200 CHANGE OUT / NEW: Change Out - Upgrade
Furnace & A/C equipment install NEW / REPLACEMENT: New Installation # OF SYSTEMS: 1 DUCT AFFECTED: 20 SYSTEM TYPE: Split System
Permit #BLD24-06703
Building/Residential/Full Review/NA
DONE
Permit #TCON 34569
Building/Residential/Full Review/NA
DONE
Permit #TCON 68230
Building/Residential/Full Review/NA
DONE
Permit #TCON 56272
Public permit records from the Placer County permit portal, last checked 2026-09-20. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Your account is verified. Unlocking all premium content...
Something Went Wrong
We couldn't send the verification email. Please try again.
About Murat Gocmen
Managing Broker · Real Estate Tahoe
I didn't come to real estate through the typical path. I'm a builder first — someone who looks at problems, sees systems, and starts putting things together. Before I ever sold a home in Lake Tahoe, I was running businesses, building technology products, and figuring out how to make operations actually work. That mindset never left.
Today I operate across real estate, vacation rentals, and hospitality in and around North Lake Tahoe. I run MG Vacation Rentals, help buyers and sellers navigate one of the most competitive mountain markets in the country, and build the technology tools my team uses every day. I don't outsource the thinking — I'm in the numbers, the deals, and the details.
