$674,000
5101 North Lake Boulevard #134
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
·
1,381 Sq Ft
·
871 Lot
Virtual Tour

About This Property

First time on the market in 33 years, unit 134 is one of the most sought after lakeview locations in Carnelian Woods. This delightful 2-bedroom, 2-bathroom retreat with a large loft, nestled within the charming Carnelian Woods community! With lovely views of Lake Tahoe, you'll relish the full moon's shimmer, stunning sunrises, and diverse weather moods. The primary bedroom (with its own lakeview deck) on the lower level is perfectly positioned for those cool lake breezes, while bedroom two, also on the lower level, works for guests. Upstairs is the open Great Room with a wood burning fireplace, soaring wood ceilings and a deck overlooking the forest and then onto the Lake. The loft upstairs on the top level is a great space for overflow groups. Enjoy great amenities: a pool, spa, clubhouse, tennis courts, pickleball, bocce, volleyball and more. It is ideally located on the North Shore of Lake Tahoe, close to multiple ski areas, Northstar, Palisades and Alpine and an easy walk to Patton Beach, Waterman’s Landing, Garwoods, CB’s Bistro, and the Old Post Office restaurant. Accessible trails like the Osprey Loop and Tahoe Rim Trail beckon adventure right from your doorstep. Embrace the tranquility and beauty of this unique locale—the ideal blend of privacy and community.

Listed by Kristi Hood — COMPASS

Listing Details

Status Active
MLS # 20252403
Days on Market 138
Price/Sq Ft $488

Property History

Oct 31, 2025
Listed for sale
$674,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,381
Lot Size 0.02 acres
Stories 3
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
APN 116-170-080
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings
Lot Features Downslope,Gentle
View Lake,Wooded,Mountain
Roof Metal
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $1,335
HOA / Community https://www.carnelianwoods.org/
HOA & Community
Community Amenities Pool,Tennis Courts
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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%

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% ($134,800)
Home price
$674,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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