
Carnelian Bay, CA 96140
Analysis of 5101 N Lake Boulevard 141, Carnelian Bay, CA 96140 is currently available with a list price of $85,000. 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 underwent a full remodel only three years ago, placing it within the 'Excellent' category (<5y reno). The interior features modern paint, crown molding, and updated fixtures, while the professional management and weekly maid service ensure the unit remains in mint condition with no maintenance required.
The property boasts exceptional panoramic views of Lake Tahoe from both the living room and the primary bedroom, providing a premium aesthetic that defines the luxury Tahoe experience.
A comprehensive annual fee covers all utilities, maintenance, and weekly maid service, complemented by extensive complex amenities including a pool, spas, tennis courts, and boat parking.
The entire unit was remodeled three years ago, featuring cathedral beam ceilings and updated interiors, ensuring a contemporary feel with no immediate need for additional capital improvements.
As a 1/10th ownership interest, usage is restricted to only five weeks per year on a rotating schedule, which lacks the flexibility and full-time access of traditional fee-simple ownership.
The $7,500 annual fee represents a significant recurring expense relative to the limited occupancy period, which may be a deterrent for buyers sensitive to high ongoing overhead.
A 1/10th ownership interst in a luxury townhouse overlooking Lake Tahoe with panoramic views of the lake. Each share gets 5 weeks a year or a rotating schedule. Besides the panoramic views from the living room and master bedroom, it has 2 bedrooms and a sleeping loft. King in primary, queen in secondary, with bunk beds, full and twin beds in loft. Great room has cathedral beam ceilings with wood burning fireplace, dining area, breakfast bar. Entire unit was remodeled three years ago. Complex has clubhouse, pool, spas, saunas, playground, bocce ball, volleyball, par course, game room, pool table, tennis courts, and boat parking. Carnelian Woods complex is across the street from Sierra Boat and Garwoods with beach access, boating, golf and restaurants all nearby. This is a partnership which has been running since 1980, very stable. Your tenth ownership gets you five weeks per year on a rotating basis and partners trade weeks all the time. You pay one fee per year of approximately $7500 and then everything is taken care of for you from bills, maintenance, repairs and weekly maid service. You show up for your week, enjoy, drop used linens in the bathroom and go home. You have no ongoing duties.
No exterior & parking available.
No sensitive facilities data found.
Aug 26, 2026
$85,000
Initial Listing