$2,475,000 $2,800,000 ↓ $325,000 reduced Pending
5554 North Lake Boulevard
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
·
2.0 Baths
·
1,312 Sq Ft
Virtual Tour

About This Property

This enchanting lakefront retreat is tucked away on Flick Point, one of the most sought-after and scenic spots on the North Shore. Set back from the main road and reached via a shared driveway, the home is surrounded by majestic pine trees. The property includes private lake access through a 50% ownership of an adjacent lakefront parcel. This shared parcel offers 20 feet of shoreline, a lakeside deck with storage for water toys, and a buoy. The charming cabin—remodeled by John Corda—features single-level living with a main-floor bedroom. Unwind on the wrap-around deck beneath the towering pines or take a peaceful walk to the lake or through the vibrant gardens surrounding the home.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Pending
MLS # 20251210
Days on Market 394
Sold Date 2026-08-31
Price/Sq Ft $1,886

Property History

Jun 06, 2025
Listed for sale
$2,475,000
Current
Pending
$2,475,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,312
Lot Size 0.29 acres
Year Built 1969
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 116220048
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Landscaped
View Lake, Peek, Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas
📊

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 — 5554 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$37,535
Avg Nightly Rate
$197
Projected Occupancy
52.4%
Cap Rate
0.6%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

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

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% ($495,000)
Home price
$2,475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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