NOT LISTED FOR SALE

488 Old County Rd Carnelian Bay, CA 96140

South Truckee Neighborhood

Estimated Value: $3,393,000 - $3,926,000

7 Beds
4.5 Baths
5,174 Sq Ft
$717/Sq Ft Est. Value

Sale Details

Date Sold: January 21, 2025

Last sale price $3,875,000 $749 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $22,439 / mo

125 Days on Market

Highlights

  • Panoramic View
  • Heated Floors
  • Wood Burning Stove
  • North Tahoe School Rated A
  • Deck
  • Living Room with Fireplace

About This Home

As of January 2025

Perched above the breathtaking beauty of Lake Tahoe, this exceptional property offers an unparalleled living experience with panoramic views and ultimate privacy. The main residence and guest home together feature 7 bedrooms, ideal for hosting in comfort and style. Expansive windows throughout the home frame the stunning lake views, while bedrooms on every floor, plus a separate game room and office, provide abundant flex space. The separate guest home, complete with a kitchenette, is perfect for visitors or additional overflow. The main house boasts an updated bath, a remodeled luxurious spa area, new floors, and refreshed kitchen countertops. Outdoor living is at its finest here, with great spaces and just steps from a scenic bike path leading directly to Tahoe City's vibrant downtown. Whether you're drawn to the natural beauty of the area or the convenience of nearby shopping and dining, this location offers the best of both worlds. With its unmatched views, ample living space, and a perfect blend of tranquility and accessibility, this Lake Tahoe retreat is more than just a home—it’s a lifestyle.

Last Agent to Sell the Property

Liza Killen

Tahoe Mountain Realty License #01731371 Listed on: 08/14/2024

Last Buyer's Agent

Kaili Sanchez

COMPASS License #01945074

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 20,473 Sq Ft Lot
  • Level Lot

Property Views

  • Panoramic
  • Woods
  • Mountain

Home Design

  • Mountain Architecture

Interior Spaces

  • 5,174 Sq Ft Home
  • 3-Story Property
  • Furniture Can Be Negotiated
  • Multiple Fireplaces
  • Wood Burning Stove
  • Free Standing Fireplace
  • Mud Room
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Loft
  • Alarm System

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Heated Floors
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Washer

Parking

  • 2 Car Garage
  • Parking Pad

Outdoor Features

  • Deck

Utilities

  • Hydronic Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Radiant Heating System
  • Utility District

Community Details

  • North Laketahoe Community

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

0.47 Acres

Listing Details

  • Age: 40+ Years
  • Alarm YN: Y
  • Estimated Lot Size: .26 - .5
  • Community: North LakeTahoe
  • Directions: State Hwy 28 W/N Lake Blvd to Old County Rd. Turn right into driveway - home is at the end.
  • Number of Acres: 0.47
  • Service Type: Full Service
  • Setting: Street
  • Sub-Area: 2SO
  • Sub-Status: Standard
  • Topography: Level
  • Year Built: 1979
  • Other: High Ceilings, Landscaping, Phone, Cable TV, Rental History, Hot Tub
  • Sewer: Utility District
  • Architecture: Mountain
  • Security: Alarm System
  • Sign YN: Y
  • Additional Public Remarks: Home is available turnkey and ready for your immediate enjoyment. Great rental history.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Handicap Friendly: Full Function Entry Level
  • Heating: Natural Gas, Wood, Baseboard, Hydronic, Radiant, In Floor
  • Estimated Sq Ft: 5174
  • Stories: Three
  • Gas: Natural
  • Water: Utility District
  • Appliances: Range, Oven, Microwave, Dishwasher, Refrigerator, Washer
  • Bonus Rooms: Loft, Family Room, Great Room, Office, Rec Room, Formal Dining, Breakfast Room, Den, Mud Room, In-Law Quarters
  • Fireplace: Living Room, 2 or +, Freestanding
  • Furnished: Negotiable
  • Bedrooms: 7+
  • Wood Stove: Living Room
  • Floor Coverings: Carpet, Stone, Tile, Wood
  • Main Floor Half Bathrooms: 1

Exterior Features

  • View: Lake, Panoramic-Lake, Panoramic, Wooded, Mountain
  • Decks: 1
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Two
  • Garage/Parking: Attached, Detached, Parking Pad

Utilities

  • Laundry: Room

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Jan 10, 2025
Sold by
Rawlins Family Trust and Rawlins David J
Bought by
Halse Family Trust and Halse
Seller's Agent
Liza Killen
Tahoe Mountain Realty
Buyer's Agent
Kaili Sanchez
COMPASS
List Price
$4,129,000
Sold Price
$3,875,000
Premium/Discount to List
-$254,000
-6.15%
Views
61
Current Estimated Value
$3,710,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,067
Avg. Annual Appreciation
-3.40%
Original Mortgage
$3,100,000
Outstanding Balance
$3,077,969
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$632,964

Purchase Details

Listed on
Oct 20, 2020
Closed on
Feb 1, 2021
Sold by
488 Old County Llc
Bought by
Rawlins David J and Rawlins Felicia J
Seller's Agent
David Gemme
Sierra Sotheby's Int Realty TC
Buyer's Agent
Liza Killen
Tahoe Mountain Realty
List Price
$3,000,000
Sold Price
$2,850,000
Premium/Discount to List
-$150,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$1,995,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2019
Closed on
Aug 27, 2020
Sold by
Connell Peter S and Connell Marti Thuleen
Bought by
488 Old County Llc
Seller's Agent
Yvette Shipman
Sierra Sotheby's Int Realty TC
Buyer's Agent
Stefanie Scapini
eXp Realty of California, Inc
List Price
$2,965,000
Sold Price
$2,550,000
Premium/Discount to List
-$415,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.76%

Purchase Details

Closed on
Apr 16, 2019
Sold by
Danielle Dennis L
Bought by
Thuleen Michael D and Thuleen Daniel M

Purchase Details

Closed on
Aug 17, 2018
Sold by
Thuleen Connell Peter S and Thuleen Connell Marti
Bought by
Connell Peter S

Purchase Details

Closed on
Oct 5, 2005
Sold by
Walabe Properties Llc
Bought by
Connell William D and Connell Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 4, 2005
Sold by
Thuleen David
Bought by
Thuleen David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 27, 2005
Sold by
Thuleen Stephanie
Bought by
Thuleen David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 26, 2003
Sold by
Lackey Ladie Bea
Bought by
Walabe Properties Llc

Purchase Details

Closed on
Jan 14, 2000
Sold by
Bea Lackey Ladie
Bought by
Lackey Ladie Bea

Purchase Details

Closed on
Mar 24, 1998
Sold by
Douglas Malcolm R and Lackey Ladie Bea
Bought by
Lackey Ladie Bea

Purchase Details

Closed on
Jun 20, 1996
Sold by
Makins Sagan Loring R and Makins Sagan Patricia
Bought by
Bea Douglas Malcolm R and Bea Douglas Ladie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Halse Family Trust $3,875,000 Fidelity National Title
Rawlins David J $2,850,000 Fidelity Natl Ttl Co Of Ca
488 Old County Llc $2,550,000 First American Title Company
Thuleen Michael D -- None Available
Connell Peter S -- None Available
Connell William D $2,050,000 First American Title
Thuleen David -- First American Title
Thuleen David -- First American Title
Walabe Properties Llc -- --
Lackey Ladie Bea -- --
Lackey Ladie Bea -- Old Republic Title Company
Bea Douglas Malcolm R $800,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Halse Family Trust $3,100,000
Previous Owner Rawlins David J $1,995,000
Previous Owner Connell William D $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2025 01/21/25 Sold $3,875,000 -6.2% $749 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $4,129,000 +44.9% $798 / Sq Ft
02/09/2021 02/09/21 Sold $2,850,000 -5.0% $551 / Sq Ft View Prior Sale
01/01/2021 01/01/21 Pending -- -- --
10/20/2020 10/20/20 For Sale $3,000,000 +17.6% $580 / Sq Ft
09/02/2020 09/02/20 Sold $2,550,000 -14.0% $493 / Sq Ft View Prior Sale
08/19/2020 08/19/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $2,965,000 -14.1% $573 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
05/06/2019 05/06/19 For Sale $3,450,000 -- $667 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

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 $33,165 $3,084,930 $541,216 $2,543,714
2023 $33,165 $2,965,140 $520,200 $2,444,940
2022 $32,489 $2,907,000 $510,000 $2,397,000
2021 $27,952 $2,540,000 $300,000 $2,240,000
2020 $27,513 $2,469,173 $1,140,910 $1,328,263
2019 $27,801 $2,420,759 $1,118,540 $1,302,219
2018 $26,778 $2,373,294 $1,096,608 $1,276,686
2017 $26,276 $2,326,759 $1,075,106 $1,251,653
2016 $26,002 $2,281,137 $1,054,026 $1,227,111
2015 $25,483 $2,246,873 $1,038,194 $1,208,679
2014 $19,236 $1,700,000 $765,000 $935,000
Source: Public Records

Agents Affiliated with this Home

  • Liza Killen

    Seller's Agent in 2025

    Liza Killen

    Tahoe Mountain Realty

    (530) 448-5111

    23 in this area

    68 Total Sales

    Liza Killen
    Section Image
  • Kaili Sanchez

    Buyer's Agent in 2025

    Kaili Sanchez

    COMPASS

    (530) 386-2287

    22 in this area

    116 Total Sales

    Kaili Sanchez
    Section Image
  • David Gemme

    Seller's Agent in 2021

    David Gemme

    Sierra Sotheby's Int Realty TC

    (530) 277-8881

    5 in this area

    55 Total Sales

    David Gemme
    Section Image
  • Yvette Shipman

    Seller's Agent in 2020

    Yvette Shipman

    Sierra Sotheby's Int Realty TC

    (775) 298-1599

    34 Total Sales

    Yvette Shipman
    Section Image
  • Stefanie Scapini

    Buyer's Agent in 2020

    Stefanie Scapini

    eXp Realty of California, Inc

    (530) 448-9352

    4 in this area

    59 Total Sales

    Stefanie Scapini
    Section Image
See All Agents

Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20241705

Tahoe Sierra Board of REALTORS®

APN: 092-100-022

California Placer County Carnelian Bay 96140 South Truckee

488 Old County Rd, Carnelian Bay, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Tahoe Sierra Board of REALTORS® The data relating to real estate for sale on this web site comes from the Broker
Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

The information being provided is for the consumers personal , non-commercial
use and may not be used for any other purpose other than to identify prospective
properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

© Copyright 2026 Tahoe Sierra Multiple Listing Service. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.