4930 N Lake Boulevard, Carnelian Bay, CA 96140, Carnelian Bay, 96140 - 3 bed, 3 bath
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4930 N Lake Boulevard
Carnelian Bay, CA 96140
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,419Sq Ft
0Lot Size
Property Price
LIST PRICE$7,300,000
SUMMARY
Analysis of 4930 N Lake Boulevard, Carnelian Bay, CA 96140 is currently available with a list price of $7,300,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005 (21 years old), the property is exceptionally well-maintained and move-in ready. While the interior wood paneling and fixtures reflect its original construction era, the exterior siding, decking, and landscaping are in functional, high-quality condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location
Situated in the prestigious Carnelian Bay area of North Lake Tahoe, this property offers elite access to one of the most sought-after alpine destinations, commanding a premium for its location.
- Modern Construction Standards
Built in 2005, the residence offers contemporary structural integrity and design compared to the older, high-maintenance cabins typically found in the Tahoe basin.
- High Market Exclusivity
The $7.9M price point and location suggest a rare luxury offering in a low-inventory market, providing significant prestige and long-term value retention for a discerning investor.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
At approximately $3,265 per square foot, the property is priced at a significant premium that may challenge traditional appraisal metrics and limit the pool of qualified buyers.
- Limited Accommodations
The three-bedroom configuration may be viewed as restrictive for a luxury estate at this price level, potentially deterring buyers who require space for large families or high-capacity hosting.
About 4930 N Lake Boulevard
Exceptional opportunity in Carnelian Bay. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Oct 22, 2026
$7,300,000
$7,900,000
-8% Price Drop
Initial Listing
Price Change
Oct 5, 2026
$7,900,000
Initial Listing
Sold
Jul 29, 2014
$175,000
Public Record