$1,120,000 Active
4135 Nightingale Road
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.
4 Beds
·
2.5 Baths
·
2,285 Sq Ft
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About This Property

Discover the perfect blend of adventure, serenity, and potential in this centrally located Carnelian Bay retreat. Positioned approximately 100 yards away from the Nightingale Trailhead, this property offers immediate access to some of North Lake Tahoe’s most beloved hiking, biking, and year-round recreation trails. Set against a peaceful forest backdrop, the home delivers the Tahoe lifestyle buyers seek: space for all your mountain gear paired with the tranquility of a true woodland sanctuary. Coveted south-facing exposure fills the home with natural light throughout the day, beautifully highlighting vaulted wood ceilings and open-concept living spaces designed for gathering and relaxing. A spacious rear deck and hot tub overlooking the forest, creating a private setting for après-ski evenings or summer nights under the pines. The sun-drenched front yard and driveway provide easy year-round access and welcoming curb appeal. Storage and functionality truly set this property apart. An attached two-car garage offers substantial internal storage for vehicles and everyday gear, while a massive detached workshop with 220 electrical service, creates an ideal environment for hobbyists, craftsmen, or Tahoe adventurers needing dedicated space for paddleboards, snowblowers, bikes, and all-season projects.

Listed by Merrill Milner — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20260328
Days on Market 75
Price/Sq Ft $490

Property History

Mar 06, 2026
Listed for sale
$1,120,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,285
Lot Size 0.29 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-031-001-000
Parking
Parking Features Two
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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 — 4135 Nightingale Road, Carnelian Bay

Est. Annual Revenue
$62,901
Avg Nightly Rate
$560
Projected Occupancy
30.4%
Cap Rate
2.2%
Structural Score: 65 / 100 (Premium) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($224,000)
Home price
$1,120,000
Loan details
30-yr fixed, 6.5%
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