215 Carnelian Bay Avenue, Carnelian Bay, CA 96140, Carnelian Bay, 96140 - 5 bed, 5 bath

215 Carnelian Bay Avenue, Carnelian Bay, CA 96140 home-pic-0

215 Carnelian Bay Avenue

Carnelian Bay, CA 96140

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,780Sq Ft
22,377Lot Size

Property Price

LIST PRICE$2,499,000

SUMMARY

Analysis of 215 Carnelian Bay Avenue, Carnelian Bay, CA 96140 is currently available with a list price of $2,499,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Carnelian Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive high-end renovation within the last two years, evidenced by the significant price appreciation since its 2024 sale. It features a modern chef's kitchen with a massive island and top-tier appliances, upgraded 400-amp electrical service, and luxury finishes throughout. All components appear new or virtually new, meeting the highest current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22377, living area = 3780.

  • Prime Lakeside Location

    Situated directly across from Lake Tahoe, the property offers immediate access to a dog beach, Sierra Boat Company, and Garwoods, making it a premier spot for water sports and dining.

  • Significant Income Potential

    With five bedrooms, an open floor plan, and ample space to add an ADU on a large lot, this property is perfectly configured for high-yield vacation rentals or hosting large events.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22377, other record lot size in square feet = 22501.

  • High Traffic Exposure

    Its proximity to popular landmarks like Garwoods and the public beach may result in increased noise and foot traffic, potentially impacting the sense of seclusion for the owner.

  • Vintage Structure

    Originally built in 1977, the property may require more frequent maintenance or updates to its older structural components compared to newer builds in the area.

About 215 Carnelian Bay Avenue

Amazing RENTAL INCOME opportunity in Carnelian Bay! Location, lifestyle and luxury with lake views. Perfect for a vacation rental, primary residence, and income potential. Five bedrooms and four and half bathrooms with an open floor plan perfect for large gatherings, entertaining and hosting events. Second story features a spacious loft and added bonus space. Iconic lake views from bedroom balcony's. Enjoy cooking in the beautiful chef's kitchen with a massive island and top notch appliances. Plenty of parking with ten parking spaces and 400 AMPS of power to add multiple electric car chargers. For an added opportunity there is plenty of room to add an ADU. Right across the street to the lake with a gorgeous dog beach, Garwoods Casual and Fine Dockside Dining, and Sierra Boat Company, the epicenter of classic wood boats in the Western U.S. Situated in the best location in the Tahoe area where you can enjoy stunning beaches, paddle boarding, kayaking, boating and hiking on endless trails right behind the property. A short drive to Northstar and multiple world class ski resorts. This home is the epitome of a four seasons escape with endless fun and adventures for many lifestyles!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1977
Lot Size
22,377 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.5
75%
Baths5.03.0
75%
Square foot3,7801,708
75%
Lot Size22,37722,296.5
50%
Price$2.50M$902.5K
75%
Price per sq ft$661$647
50%
Built year19771981
50%
HOA$0$0
50%
Days on market23278
25%

Pricing History

Listed for Sale

Feb 12, 2026

$2,499,000

Initial Listing

Sold

Feb 15, 2024

$1,150,000

Public Record

Sold

Mar 1, 2018

$790,000

Public Record

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