$2,495,000
$200K PRICE DROP

215 Carnelian Bay Ave Carnelian Bay, CA 96140

Estimated payment $14,634/month

Total Views 3,971
5 Beds
4.5 Baths
3,780 Sq Ft
$660 Price per Sq Ft

Highlights

  • Mountain View
  • Wood Flooring
  • Loft
  • North Tahoe School Rated A
  • Mountain Architecture
  • 3-minute walk to Carnelian West Beach

About This Home

Motivated Seller! Now priced at $2,495,000—this stunning Carnelian Bay Lakeview estate offers exceptional value and a rare blend of luxury, location, and income potential. Just seconds from the shores of Lake Tahoe, this fully renovated estate is a masterpiece of elegance, comfort, and breathtaking lake views. Designed for both grand entertaining and intimate gatherings, this 5-bedroom, 4.5-bath residence seamlessly blends mountain sophistication with modern livability. The expansive great room is the heart of the home, where the spacious kitchen, dining, and living areas create an effortless flow—perfect for hosting celebrations, wedding parties, or cozy fireside evenings. Multiple rooms capture stunning lake views, bringing the outdoors in. With the option for an ADU, the possibilities are endless—create a guest retreat, generate rental income, or design your own private sanctuary. Just think... possible small wedding venue, family reunions, bachelor or bachelorette parties, receptions... the options are endless! This prime location offers the best of Tahoe living—just moments from iconic dining like Gar Woods, CB’s Bistro, and Old Post Office Cafe, as well as stunning beaches, Sierra Boat Company, and North Tahoe Marina. Adventure is at your doorstep with world-class skiing at Northstar, Palisades Tahoe, and Homewood just a short drive away. Outdoor lovers will rejoice in Carnelian Bay Beach and the extensive trail system, where dogs are not just allowed but welcomed! Whether you're paddle boarding at sunrise or exploring the scenic trails with your pup, this area is pure Tahoe magic. Investment Advantage Included: Beyond the main residence and potential ADU, this property comes with a potential $270,000 worth of transferable development rights (9 RUUs). Imagine the possibilities for future expansion or realizing a substantial return on investment in the Tahoe Basin's unique RUU market. Potential buyers of the additional RUU's are Owners of undeveloped residential lots (with Potential Residential Units of Use - PRUs): These individuals hold the right to build but need a Residential Allocation to form a complete RUU. Additional RUU's could be attractive to homeowners looking to build an ADU for family, rental income, or other purposes. Developers who build custom homes or smaller residential projects in the Tahoe Basin constantly need a supply of RUUs to facilitate their projects. The potential value of the approximately 9 extra Residential Units of Use (RUUs) is currently estimated at $270,000. However, this valuation is directly influenced by the prevailing conditions of the Lake Tahoe real estate market and may vary. This property offers substantial power capacity—ample enough to support the installation of approximately 5–6 Tesla chargers, presenting a unique opportunity for added convenience or potential side income. Seller is open to offering a rate buy-down and potential seller financing—a rare opportunity in today’s market. Don’t miss this legacy Tahoe retreat with lifestyle flexibility built in. This isn’t just a home—it’s an invitation to embrace the ultimate Tahoe lifestyle. Come see it, fall in love, and make it yours. 3-D Tour HERE -

Listing Agent

Kaili Sanchez

COMPASS License #01945074 Listed on: 05/09/2025

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,478

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Home Design

  • Mountain Architecture
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,780 Sq Ft Home
  • 3-Story Property
  • Furniture Can Be Negotiated
  • Mud Room
  • Great Room
  • Family Room
  • Loft
  • Mountain Views
  • Surveillance System
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 4.5 Bathrooms

Parking

  • No Garage
  • Parking Pad

Outdoor Features

  • Multiple Outdoor Decks

Utilities

  • Heating System Uses Natural Gas
  • Utility District

Community Details

  • North Laketahoe Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,478

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Age: 40+ Years
  • Estimated Lot Size: .26 - .5
  • Community: North LakeTahoe
  • Directions: Turn off of 89 directly across from Garwoods and two homes off of the highway.
  • Number of Acres: 0.5
  • Optional Financing: Submit !
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 2NR
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 1977
  • Other: Pantry, High Ceilings, Phone, Cable TV
  • Sewer: Utility District
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Mountain
  • Property Condition: Extensive Remodel
  • Security: Visual Surveillance
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Natural Gas
  • Estimated Sq Ft: 3780
  • Stories: Three
  • Water Company: PUD
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator
  • Bonus Rooms: Loft, Family Room, Great Room, Mud Room, In-Law Quarters, 2 Ensuite
  • Furnished: Negotiable
  • Bathrooms: 4.5
  • Bedrooms: 5
  • Floor Coverings: Carpet, Wood, Mixed

Exterior Features

  • View: Lake, Mountain
  • Construction Exterior: Wooded
  • Waterfront Amenities: Other
  • Foundation: Perim Concrete
  • Roof: Metal
  • Decks: 3 or more
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: None
  • Garage/Parking: Parking Pad

Utilities

  • Laundry: Room

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,478 $1,173,000 $918,000 $255,000
2023 $12,478 $863,978 $514,012 $349,966
2022 $7,374 $847,038 $503,934 $343,104
2021 $6,818 $830,430 $494,053 $336,377
2020 $7,135 $821,916 $488,988 $332,928
2019 $7,172 $805,800 $479,400 $326,400
2018 $5,124 $378,814 $20,236 $358,578
2017 $5,093 $371,388 $19,840 $351,548
2016 $5,022 $364,106 $19,451 $344,655
2015 $4,919 $358,637 $19,159 $339,478
2014 $4,784 $351,613 $18,784 $332,829
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $2,495,000 -7.4% $660 / Sq Ft
05/09/2025 05/09/25 For Sale $2,695,000 -- $713 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Pacific Coast Title
Grant Deed -- Pacific Coast Title
Grant Deed -- Pacific Coast Title
Grant Deed -- Pacific Coast Title
Grant Deed $1,150,000 First American Title
Grant Deed $790,000 First American Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,535,000 New Conventional
Previous Owner $1,487,500 Credit Line Revolving
Previous Owner $325,000 New Conventional
Previous Owner $250,000 Commercial
Source: Public Records

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Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20250830

Tahoe Sierra Board of REALTORS®

APN: 115-040-049