$1,395,000
400 Terrace Drive
Carnelian Bay, CA 96140
SOLD 2026-04-10
2 Beds
·
2.0 Baths
·
1,582 Sq Ft

About This Property

Affectionately known throughout the community as the “Rock House,” this quaint cottage dates back to the pre–Great Depression era and showcases its timeless charm and historic character. Tastefully updated throughout while preserving the original features that make it so special, this exceptional home is truly one of a kind. Located in the coveted neighborhood of Cedar Flat, private beach amenities include a double-deck pier, buoy field and approximately 1,200 feet of lakefront with lovely sandy beaches. Stunning details abound throughout the home, from hand-hewn beams and two grand stone fireplaces to vaulted open-beam ceilings and a show-stopping chandelier designed by Julia Morgan, the architect of Hearst Castle. Upgrades include copper plumbing, a tankless water heater, the HVAC, the kitchen and baths and so much more. The exterior of the home is equally as impressive with two water fountains, a heated garage with a bunk room/office, extra off street parking, a fenced back yard, stone patios - all within the oversized, corner lot. This home is as unique as it is stunning - definitely a must see!

Listed by Chris Hernandez — COMPASS

Listing Details

Status Closed
MLS # 20260197
Sold Date 2026-04-10
Price/Sq Ft $882

Property History

Feb 14, 2026
Listed for sale
$1,395,000
Current
Sold
$1,395,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,582
Lot Size 0.29 acres
Stories 2
Year Built 1950
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 092-190-039-00
Parking
Parking Features One
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping
Lot Features Downslope
View Wooded
Construction Masonry
Roof Shake/Shingle
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $601
HOA & Community
Community Amenities Beach Access,Other/See Remarks

STR Investment Summary — 400 Terrace Drive, Carnelian Bay

Est. Annual Revenue
$42,297
Avg Nightly Rate
$368
Projected Occupancy
34.1%
Cap Rate
1.2%
Structural Score: 62 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Carnelian Bay. Revenue projections are estimates and may vary.

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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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