$1,600,000 Pending
4429 Muletail Drive
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.
3 Beds
·
2.5 Baths
·
2,223 Sq Ft

Our data on this home

About This Property

Beautifully situated in Carnelian Bay, this home is a captivating mountain-lake retreat that blends classic Tahoe charm with thoughtful updates and effortless indoor-outdoor living. Set on an elevated, private half acre lot with mature pines and wooded forest views, this home offers a serene escape just minutes from sandy beaches, year-round recreation, and the vibrant shops and dining of Kings Beach and Tahoe City. This is a classic Tahoe home with warm, open living spaces anchored by a stone fireplace and rich wood finishes that create an inviting, lodge-like atmosphere. Expansive decking, multiple outdoor seating areas and hot tub on lower deck captures the fresh mountain air and wooded views — ideal for morning coffee or evening gatherings under the stars. Meticulously maintained, this home boasts a brand new upper deck, new roof with new heat tape to melt snow build up, brand new dishwasher, new paint job for the whole exterior and ECV Juicebox charger...and top it off with full furnishing throughout and kitchen ware. With a turn of a key, this home is ready for you to enjoy with little effort. A true Tahoe offering!

Listed by Shaye Blazer — COMPASS

Listing Details

Status Pending
MLS # 20262000
Days on Market 30
Price/Sq Ft $720

Property History

Sep 22, 2026
Listed for sale
$1,600,000
Sep 25, 2026
Pending
$1,600,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2021 · via MLS history $1,450,000 — —

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 3
Baths 2.5
Sq. Ft. 2,223
Lot Size 0.58 acres
Year Built 1998
Property Type Single Family Residence
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 091186005
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Wood Siding
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
65
PROJECTED GROSS ANNUAL REVENUE
$55K – $85K typically ~$70,000
~$5,833 per month
Avg Nightly
$426
Occupancy
45%
Cap Rate
1.8%

STR Investment Summary — 4429 Muletail Drive, Carnelian Bay

Est. Gross Annual Revenue
$55K – $85K
typically ~$70,000
Avg Nightly Rate
$426
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Carnelian Bay market data (203 comparable 3-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

Room to build
2,154 sq ft covered of 7,681 sq ft allowed
5,527 sq ft of coverage still available to add.
Parcel Size
25,604 sq ft
Allowed Coverage
7,681 sq ft · 30%
Existing Coverage
2,154 sq ft · 8%
Addable Coverage
5,527 sq ft
IPES Score
746.0
Land Capability · TRPA-verified
1b, IPES

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

$3,600 – $4,200/yr
about $325/mo
Est. Rebuild Cost (Coverage A)
$933,660
FAIR Plan (fire)
$3,000/yr
DIC wrap (theft, water, liability)
$600 – $1,200/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

$9,836 per month
Principal & interest
$8,090/mo
Property taxes
$1,421/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
$0/mo
From MLS listing data.
Home insurance
$325/mo
CA FAIR Plan + DIC estimate, ~$3,600–$4,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($320,000)
Home price
$1,600,000
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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