$8,500,000
5390 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.
5 Beds
·
3.5 Baths
·
3,000 Sq Ft

About This Property

Discover the magic of Tahoe from this inviting lakefront retreat in coveted Carnelian Bay. With a flat spacious parcel over 200 feet deep and crystal-clear lake views, the property offers room to relax, play and dream. Spend long summer days on the shared rock cribbed pier with boat house & 2 buoys, or lounging on the expansive sun decks including one at the waters edge. The 3,000 sq ft home blends Old Tahoe Charm with modern comforts - 5 BR, 3.5 BA, two living rooms, a newer kitchen and classic stone fireplaces. Central to skiing, shopping, hiking, biking & dining. Enjoy as-is yet brimming with potential, the home offers extensive coverage for building a new luxury residence should you desire. A rare offering for a legacy lakefront opportunity.

Listed by Bill Leeder — Chase International - TC

Listing Details

Status Active
MLS # 20252557
Days on Market 102
Price/Sq Ft $2,833

Property History

Dec 06, 2025
Listed for sale
$8,500,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,000
Stories 3
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
APN 115-010-035-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Landscaping,Phone,Cable TV,High Speed Internet
Lot Features Level
View Panoramic-Lake
Construction Framed
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Water Source Buoy,Buoy Permitted,Boat Lift,Pier,Shared Pier
📊

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% ($1,700,000)
Home price
$8,500,000
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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