$599,000 Active
265 Old County Road
Carnelian Bay, CA 96140

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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.
2 Beds
·
1.0 Baths
·
632 Sq Ft
Virtual Tour

Our data on this home

About This Property

Step into this classic Tahoe cabin and enjoy the best of both lake and forest living. This quaint 2-bedroom retreat, with an additional sleeping loft, comes with existing furniture to enjoy immediate use. While not fancy, the unpretentious cabin is warm, welcoming, and full of classic Tahoe charm. Ownership includes optional membership in the highly sought-after Lake Forest #3 Property Owners Association, offering incredible lake access with a large buoy field (a rare and valuable amenity in North Lake Tahoe), a well-maintained pier, beach chairs, watercraft storage, and tennis/bocce courts. Whether you’re boating, kayaking, or paddleboarding, the Property Owners’ Beach and Pier area offers exceptionally convenient storage/access for all your watercraft, making summertime lake adventures effortless. The cabin sits on a wonderful lot that backs directly to forest open space and a year-round creek. Trails right out the back door connect you to the Tahoe City Nordic Center, the Tahoe City bike path, Dollar Reservoir, and endless miles of hiking and biking. With this mix of lakefront perks and direct trail access, the location is unmatched. Once you spend time here, you’ll understand why the same owners cherished this sweet little cabin for many decades.

Listed by Monica Smith — Mountain Luxury Properties Tah

Listing Details

Status Active
MLS # 20260968
Days on Market 168
Price/Sq Ft $948

Property History

May 22, 2026
Listed for sale
$599,000
Aug 20, 2026
Relisted
$599,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 632
Lot Size 0.21 acres
Year Built 1957
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092120008
Parking
Parking Features None
Exterior & Lot
Lot Features Greenbelt
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $350 / Annually
HOA & Community
Community Amenities Beach Access, Tennis Court(s), Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
48
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$274
Occupancy
45%
Cap Rate
3.0%

STR Investment Summary — 265 Old County Road, Carnelian Bay

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
3.0%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (94 comparable 2-bedroom rentals, 2026-11); 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
1,007 sq ft covered of 2,276 sq ft allowed
1,269 sq ft of coverage still available to add.
Parcel Size
9,105 sq ft
Allowed Coverage · est.
2,276 sq ft · 25%
Existing Coverage · est.
1,007 sq ft · 11%
Addable Coverage
1,269 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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

$1,000 – $1,100/yr
about $88/mo
Est. Rebuild Cost (Coverage A)
$265,440
FAIR Plan (fire)
$800/yr
DIC wrap (theft, water, liability)
$200 – $300/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

$3,678 per month
Principal & interest
$3,029/mo
Property taxes
$532/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
$29/mo
From MLS listing data.
Home insurance
$88/mo
CA FAIR Plan + DIC estimate, ~$1,000–$1,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($119,800)
Home price
$599,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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