$799,000 $825,000 ↓ $26,000 reduced Active
3735 North Lake Boulevard
Carnelian Bay, CA 96145

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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
·
2.0 Baths
·
780 Sq Ft
Virtual Tour

Our data on this home

About This Property

Quintessential Lake Tahoe cabin perfectly positioned directly across from the lake in coveted Carnelian Bay. Thoughtfully taken down to the studs and completely renovated, this mountain retreat blends timeless Tahoe charm with modern comfort. A brand-new composition roof, installed in 2026, adds lasting peace of mind. Enjoy beautiful lake views from all three levels and three inviting decks, creating the perfect setting for morning coffee, afternoon relaxation, or evening sunsets. Just a short stroll across the street brings you to one of Tahoe's most sought-after lake access communities—Lake Forest #3 HOA—with exclusive pier and buoy privileges, plus new pickleball court ! Imagine starting your day by walking across the road to your boat, spending the afternoon on the crystal-clear waters of Lake Tahoe, and returning home to the warmth and character of your private mountain getaway. With inviting mountain ambiance, exceptional indoor-outdoor living, and easy access to skiing, hiking, dining, and all that North Lake Tahoe has to offer, this is the quintessential Tahoe lifestyle you've been waiting for.

Listed by Jennifer Borwick — Chase International - TC

Listing Details

Status Active
MLS # 20261649
Days on Market 77
Price/Sq Ft $1,024

Property History

Aug 06, 2026
Listed for sale
$825,000
Sep 01, 2026
Price reduced
$799,000 $825,000 ↓ $26,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2021 · via MLS history $725,000 — —

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.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 780
Lot Size 0.23 acres
Year Built 1958
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092110023000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Filtered
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Wall Furnace
Financial
HOA Fee $350 / Annually
HOA & Community
Community Amenities Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
58
PROJECTED GROSS ANNUAL REVENUE
$40K – $60K typically ~$50,000
~$4,167 per month
Avg Nightly
$304
Occupancy
45%
Cap Rate
2.5%

STR Investment Summary — 3735 North Lake Boulevard, Carnelian Bay

Est. Gross Annual Revenue
$40K – $60K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 58 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (95 comparable 2-bedroom rentals, 2026-10); 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
2,325 sq ft covered of 277 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,089 sq ft
Allowed Coverage
277 sq ft · 3%
Existing Coverage
2,325 sq ft · 23%
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.

TRPA parcel fact sheet ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,300 – $1,500/yr
about $117/mo
Est. Rebuild Cost (Coverage A)
$327,600
FAIR Plan (fire)
$1,100/yr
DIC wrap (theft, water, liability)
$200 – $400/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

$4,896 per month
Principal & interest
$4,040/mo
Property taxes
$710/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
$117/mo
CA FAIR Plan + DIC estimate, ~$1,300–$1,500/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($159,800)
Home price
$799,000
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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