$2,750,000 Active
5305 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.
4 Beds
·
3.0 Baths
·
2,532 Sq Ft
Virtual Tour

About This Property

Discover a truly rare find on the North Shore. Set on an expansive 5.86-acre parcel just down the street from Lake Tahoe, Timberwolf Lodge offers an unmatched combination of acreage privacy with equestrian corrals and convenient proximity to the lake. Featuring a custom log cabin ready to use and enjoy immediately, plus approximately 18,000 square feet of TRPA verified coverage (buyer to independently verify), this property offers the incredible freedom to build a legacy compound or simply enjoy the luxury of space that is exceptionally hard to find near public lake access in North Lake Tahoe. Stepping inside the beautifully crafted main residence, a spacious entryway provides the perfect landing spot for winter ski gear, boots, and outdoor equipment. The home exudes authentic mountain charm with soaring vaulted ceilings and a massive stone fireplace. Recent updates include a newer metal roof on the main home and a kitchen equipped with new appliances. The property is designer-furnished, with an option for buyers to purchase the home turnkey. A basement provides excellent additional room for all your storage needs. Beyond the main home, a detached three-car garage includes a private one-bedroom suite above it with its own living room and kitchenette—perfect for hosting in-laws, overflow guests, or an on-site caretaker. The outdoor spaces are designed to take full advantage of the mountain setting. An expansive deck and a hot tub create the perfect spot to unwind, while the lawn and acreage make it a true paradise for exploring the woods. For endless outdoor adventure, an adjacent greenbelt provides direct access from your property straight into the surrounding forest and trail network. Perfectly positioned centrally between Tahoe City and Kings Beach, the location is unbeatable. You are just a five-minute walk to Carnelian Bay's best local spots, including breakfast at the Old Post Office Cafe, lakeside dining at Garwoods, the miniature golf course, and Waterman's Landing for a day of paddleboarding. Experience the ultimate Tahoe retreat—move-in ready today, with endless potential for tomorrow.

Listed by Kate Wilkins — Compass

Listing Details

Status Active
MLS # 20260948
Days on Market 45
Price/Sq Ft $1,086

Property History

May 22, 2026
Listed for sale
$2,750,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,532
Lot Size 5.86 acres
Year Built 1988
Property Type Single Family Residence
Style Log Cabin
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 115020030000
Parking
Garage Spaces 3
Parking Features Three, Detached, RV Access/Parking, Oversized, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods
Construction Log
Roof Metal
Utilities & Systems
Heating Propane, CFAH

STR Investment Summary — 5305 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$60,690
📲
See the full STR projection in the app
Average nightly rate, occupancy rates & monthly revenue graphs — plus this home's building-permit history and more. Free in the Real Estate Tahoe app.
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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% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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