For Sale
4925 Flick St, Carnelian Bay, CA, 96140
Investment at a glance
Annual Revenue
$131K
Gross Yield
10.9%
Occupancy
60%
Cap Rate
6.5%
A distinctive Carnelian Bay property with a detached second dwelling—and plenty of possibilities. Set on a generous Carnelian Bay parcel, the property pairs a main residence with a detached, self-contained cabin, creating a unique combination of flexibility and opportunity in North Lake Tahoe. A portion of the main residence dates to 1912 and features timeless Tahoe architecture, charming built-ins, a fireplace, and wood-burning stove. The home includes three bedrooms, including a primary with en-suite, two and a half baths, a comfortable living room, and an attached garage. A large front deck and inviting rear patio extend the living space outdoors, with abundant afternoon sunshine and filtered lake views from the front of the home. The cabin provides a second dwelling with its own driveway, separate utilities, kitchen, full bathroom, and upstairs loft. While requiring substantial renovation, the cabin presents an opportunity for rental income, multigenerational living, guests, or private use by family and friends. The home retains its original character while leaving plenty of room for improvements and personalization. Combined with the detached cabin, the property provides a flexible starting point for creating a Tahoe home that works for the next chapter. There is plenty here to appreciate today and imagine what it could become as you live the Tahoe life.
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