$825,000 Active
3735 North Lake Boulevard
Carnelian Bay, CA 96145
✓ 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
·
780 Sq Ft
Virtual Tour

About This Property

Quintessential Lake Tahoe cabin perfectly positioned directly across from the lake in coveted Carnelian Bay. Thoughtfully taken down to the studs and completely renovated, this mountain retreat blends timeless Tahoe charm with modern comfort. A brand-new composition roof, installed in 2026, adds lasting peace of mind. Enjoy beautiful lake views from all three levels and three inviting decks, creating the perfect setting for morning coffee, afternoon relaxation, or evening sunsets. Just a short stroll across the street brings you to one of Tahoe's most sought-after lake access communities—Lake Forest #3 HOA—with exclusive pier and buoy privileges, plus new pickleball court ! Imagine starting your day by walking across the road to your boat, spending the afternoon on the crystal-clear waters of Lake Tahoe, and returning home to the warmth and character of your private mountain getaway. With inviting mountain ambiance, exceptional indoor-outdoor living, and easy access to skiing, hiking, dining, and all that North Lake Tahoe has to offer, this is the quintessential Tahoe lifestyle you've been waiting for.

Listed by Jennifer Borwick — Chase International - TC

Listing Details

Status Active
MLS # 20261649
Days on Market 1
Price/Sq Ft $1,058

Property History

Aug 06, 2026
Listed for sale
$825,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2021 · county record $725,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 780
Lot Size 0.23 acres
Year Built 1958
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092110023000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Street
View Filtered
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Wall Furnace
Financial
HOA Fee $350 / Annually
HOA & Community
Community Amenities Other/See Remarks
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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 — 3735 North Lake Boulevard, Carnelian Bay

Est. Annual Revenue
$42,451
Avg Nightly Rate
$214
Projected Occupancy
54.2%
Cap Rate
2.1%
Structural Score: 56 / 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
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% ($165,000)
Home price
$825,000
Loan details
30-yr fixed, 6.5%
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