$1,449,500
3915 Summit Road
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.
3 Beds
·
2.5 Baths
·
2,420 Sq Ft

About This Property

Welcome to your mountain retreat in the heart of Carnelian Bay, where towering pines and clean Sierra air greet you every morning. This 3-bedroom, 2.5-bathroom home delivers 2,420 square feet of thoughtfully designed living space, large windows and high ceilings for a bright feel, and is perfect for full-time residents and savvy investors alike. The open floor plan that seamlessly connects the kitchen, dining, and living areas — ideal for entertaining guests or gathering around after a day on the slopes. An extra family room provides versatile space for movie nights, a home office, or a dedicated play area, giving everyone room to spread out and unwind. When the day winds down, slip into the private hot tub and let the mountain tranquility wash over you beneath a canopy of stars. This property boasts great rental history, making it an exceptional investment opportunity in one of Lake Tahoe's most desirable communities.

Listed by Brett Williams — Agate Bay Realty, Inc.

Listing Details

Status Withdrawn
MLS # 20261101
Days on Market 43
Price/Sq Ft $599

Property History

Jun 07, 2026
Listed for sale
$1,449,500
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,420
Lot Size 0.27 acres
Stories 2
Year Built 1996
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-072-003-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Cable TV,Rental History,High Speed Internet,Hot Tub
Lot Features Upslope
View Peek,Wooded
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
📊

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 — 3915 Summit Road, Carnelian Bay

Est. Annual Revenue
$54,981
Avg Nightly Rate
$288
Projected Occupancy
52.4%
Cap Rate
1.5%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,297 sq ft covered of 2,981 sq ft allowed
684 sq ft of coverage still available to add.
Parcel Size
11,923 sq ft
Allowed Coverage
2,981 sq ft · 25%
Existing Coverage
2,297 sq ft · 19%
Addable Coverage
684 sq ft
IPES Score
740.0

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($289,900)
Home price
$1,449,500
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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