28
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$2,495,000
Est. payment /mo
5 Beds
4.5 Baths
3,780 SqFt
Price Dropped by $200K
215 Carnelian Bay Avenue Carnelian Bay, CA 96140-0000
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Sat Jul 19, 2:00pm - 5:00pm
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $660
MLS Listing ID 20250830
Bedrooms 5
Year Built 1977
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Single Family
Property Description
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 Café, 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 - https://my.matterport.com/show/?m=GuZXVMcTPBX
Location
State CA
County Placer
Community North Laketahoe
Area Carnelian Bay-2Nr
Interior
Interior Features Loft, Family Room, Great Room, Mud Room, In-Law Quarters, 2 Ensuite
Heating Natural Gas
Flooring Carpet, Wood, Mixed
Laundry Room
Exterior
Parking Features Parking Pad
View Lake, Mountain
Roof Type Metal
Topography Level
Building
Lot Description Street
Story 3
Foundation Perim Concrete
Sewer Utility District
Water Utility District
Listed by Kaili N Sanchez • COMPASS