215 Carnelian Bay Avenue, Carnelian Bay, CA 96140, Carnelian Bay, 96140 - 5 bed, 5 bath
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Carnelian Bay, CA 96140
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.
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.
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.
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.
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.
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.
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.
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.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.5 | 50% |
| Baths | 5.0 | 3.5 | 50% |
| Square foot | 3,780 | 2,526 | 50% |
| Lot Size | 22,377 | 22,296.5 | 50% |
| Price | $2.50M | $1.65M | 50% |
| Price per sq ft | $661 | $647 | 50% |
| Built year | 1977 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 208 | 50% |
Feb 12, 2026
$2,499,000
Initial Listing
Feb 15, 2024
$1,150,000
Public Record
Mar 1, 2018
$790,000
Public Record