About This Property
Amazing RENTAL INCOME opportunity in Carnelian Bay! Location, lifestyle and luxury with lake views. Perfect for a vacation rental, primary residence, and income potential. Five bedrooms and four and half bathrooms with an open floor plan perfect for large gatherings, entertaining and hosting events. Second story features a spacious loft and added bonus space. Iconic lake views from bedroom balcony's. Enjoy cooking in the beautiful chef's kitchen with a massive island and top notch appliances. Plenty of parking with ten parking spaces and 400 AMPS of power to add multiple electric car chargers. For an added opportunity there is plenty of room to add an ADU. Right across the street to the lake with a gorgeous dog beach, Garwoods Casual and Fine Dockside Dining, and Sierra Boat Company, the epicenter of classic wood boats in the Western U.S. Situated in the best location in the Tahoe area where you can enjoy stunning beaches, paddle boarding, kayaking, boating and hiking on endless trails right behind the property. A short drive to Northstar and multiple world class ski resorts. This home is the epitome of a four seasons escape with endless fun and adventures for many lifestyles!
Listing Details
Property History
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 215 Carnelian Bay Avenue, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (37 comparable 5-bedroom rentals, 2026-08); 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
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 ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
