About This Property
Discover a truly rare find on the North Shore. Set on an expansive 5.86-acre parcel just down the street from Lake Tahoe, Timberwolf Lodge offers an unmatched combination of acreage privacy with equestrian corrals and convenient proximity to the lake. Featuring a custom log cabin ready to use and enjoy immediately, plus approximately 18,000 square feet of TRPA verified coverage (buyer to independently verify), this property offers the incredible freedom to build a legacy compound or simply enjoy the luxury of space that is exceptionally hard to find near public lake access in North Lake Tahoe. Stepping inside the beautifully crafted main residence, a spacious entryway provides the perfect landing spot for winter ski gear, boots, and outdoor equipment. The home exudes authentic mountain charm with soaring vaulted ceilings and a massive stone fireplace. Recent updates include a newer metal roof on the main home and a kitchen equipped with new appliances. The property is designer-furnished, with an option for buyers to purchase the home turnkey. A basement provides excellent additional room for all your storage needs. Beyond the main home, a detached three-car garage includes a private one-bedroom suite above it with its own living room and kitchenette—perfect for hosting in-laws, overflow guests, or an on-site caretaker. The outdoor spaces are designed to take full advantage of the mountain setting. An expansive deck and a hot tub create the perfect spot to unwind, while the lawn and acreage make it a true paradise for exploring the woods. For endless outdoor adventure, an adjacent greenbelt provides direct access from your property straight into the surrounding forest and trail network. Perfectly positioned centrally between Tahoe City and Kings Beach, the location is unbeatable. You are just a five-minute walk to Carnelian Bay's best local spots, including breakfast at the Old Post Office Cafe, lakeside dining at Garwoods, the miniature golf course, and Waterman's Landing for a day of paddleboarding. Experience the ultimate Tahoe retreat—move-in ready today, with endless potential for tomorrow.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2021 · county record | $2,050,000 | Deed record — brokerage sides not reported | |
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.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 5305 North Lake Boulevard, Carnelian Bay
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
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