$579,900 Active
5101 North Lake Boulevard #73
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.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
2 Beds
·
2.0 Baths
·
1,332 Sq Ft
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Our data on this home

About This Property

The best-priced 2-bedroom, 2-bath in Carnelian Woods, and turnkey, in one of the most private spots in the complex. Tucked at the far end of the townhomes with just two neighboring units, #73 looks out over the forest and trails. It has a proven rental history with bookings already on the calendar, and the seller offers a credit toward a 2/1 rate buydown to lower your payments in the first two years. At 1,332 sq ft, it’s one of the more spacious units in the complex: vaulted ceilings, an open kitchen, dining and living area, a wood-burning fireplace, a loft for extra sleeping or work space, and a balcony with forest and mountain views. The fridge, dishwasher and in-unit washer and dryer are all less than four years old. Walk to Waterman’s Landing, Gar Woods and the beach, about a mile from the lake, and enjoy the Carnelian Woods amenities: pool, hot tubs, saunas, tennis, clubhouse and trails. Whether you want a getaway that helps pay for itself or an investment property ready to go, #73 delivers.

Listed by Christy Morrison — Home and Slate Real Estate

Listing Details

Status Active
MLS # 20262062
Days on Market 35
Price/Sq Ft $435

Property History

Oct 03, 2026
Listed for sale
$579,900

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2020 · via MLS history $479,000 — —

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. 1,332
Lot Size 2.00 acres
Year Built 1973
Property Type Residential
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116120015
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Rental History
View Filtered, Panoramic, Trees/Woods, Mountain(s)
Construction Frame
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $4,282 / Quarterly
HOA & Community
Community Amenities Pool, Tennis Court(s)
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
55
PROJECTED GROSS ANNUAL REVENUE
$45K – $65K typically ~$55,000
~$4,583 per month
Avg Nightly
$335
Occupancy
45%
Cap Rate
3.8%

STR Investment Summary — 5101 North Lake Boulevard #73, Carnelian Bay

Est. Gross Annual Revenue
$45K – $65K
typically ~$55,000
Avg Nightly Rate
$335
Projected Occupancy
45.0%
Cap Rate
3.8%
Structural Score: 55 / 100 (Premium) · 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.

Home Insurance Estimate

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

$1,600 – $1,800/yr
about $142/mo
Est. Rebuild Cost (Coverage A)
$399,600
FAIR Plan (fire)
$1,300/yr
DIC wrap (theft, water, liability)
$300 – $500/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

$4,659 per month
Principal & interest
$2,932/mo
Property taxes
$515/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
$1,070/mo
From MLS listing data.
Home insurance
$142/mo
CA FAIR Plan + DIC estimate, ~$1,600–$1,800/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($115,980)
Home price
$579,900
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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