$799,000 Active
655 Carnelian 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.
2 Beds
·
2.0 Baths
·
1,020 Sq Ft
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About This Property

This charming two bedroom and two bath "Old Tahoe" cabin, lovingly maintained by the original owners since 1955, is in the highly sought after Cedar Flat subdivision of North Lake Tahoe. Large parcel enhances the peaceful mountain setting and is accented by older growth pine and fir trees. Miles of back-country trails are just moments away. The interior boasts a thoughtfully updated open layout with vaulted pine ceilings, exposed trusses, classic knotty pine paneling, and a cozy wood-burning stove, ideal for gatherings on chilly winter nights. Natural light floods the space, and a spacious south-facing deck maximizes outdoor enjoyment. The Homeowners Association includes a private beach with picnic tables, pier, and buoy access. A short drive to Tahoe City and Palisades Ski Resort.

Listed by Tom Mills — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20260775
Days on Market 9
Price/Sq Ft $783

Property History

May 10, 2026
Listed for sale
$799,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,020
Stories 2
Year Built 1955
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-170-015
Parking
Parking Features None
Exterior & Lot
Lot Features Downslope,Gentle
View Wooded
Construction Framed
Roof Metal
Utilities & Systems
Heating Natural Gas
Water Source Buoy Limited,Shared Pier
Financial
HOA / Community https://www.cedarflat.org/
HOA & Community
Community Amenities Beach Access
📊

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 — 655 Carnelian Road, Carnelian Bay

Est. Annual Revenue
$50,360
Avg Nightly Rate
$308
Projected Occupancy
43.8%
Cap Rate
2.5%
Structural Score: 51 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
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