Real Estate Investment Properties for Sale in Carnelian Bay, CA

Looking for investment property in Carnelian Bay, CA with high ROI ?

Explore a variety of short-term homes & houses in Carnelian Bay, CA. Invest wisely with VRBO & Carnelian Bay, CA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Carnelian Bay, CA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
620 North Ridge Rd Carnelian Bay, CA 620 North Ridge Rd, Carnelian Bay, CA 96140 \| Single Family Residential	3 beds \| 2 baths \| 1,384 sq.ft.	$1,400,000	Airbnb cash on cash: -1.45% Traditional cash on cash: 0.07% Airbnb Rental Income: $822 Traditional Rental Income: $2468 Airbnb ROI: -1.45% Traditional ROI: 0.07%
4105 North Lake Blvd Carnelian Bay, CA Step in and enjoy this 3-bedroom, 2.5-bath home in the sought-after area close to Tahoe Ci...	3 beds \| 2 baths \| 2,133 sq.ft.	$1,080,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 2.62% Airbnb Rental Income: $822 Traditional Rental Income: $4181 Airbnb ROI: -1.05% Traditional ROI: 2.62%
5101 North Lake Blvd #59 Carnelian Bay, CA This beautifully updated 2-bedroom, 1.5-bath townhouse with a spacious loft is located in ...	2 beds \| 1 baths \| 961 sq.ft.	$555,000	Airbnb cash on cash: -4.1% Traditional cash on cash: -0.37% Airbnb Rental Income: $519 Traditional Rental Income: $2180 Airbnb ROI: -4.1% Traditional ROI: -0.37%
4411 Muletail Dr Carnelian Bay, CA 4411 Muletail Dr, Carnelian Bay, CA 96140 \| Single Family Residential	3 beds \| 1 baths \| 1,320 sq.ft.	$775,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 1.2% Airbnb Rental Income: $822 Traditional Rental Income: $2226 Airbnb ROI: -1.2% Traditional ROI: 1.2%
5884 Sudan Rd Carnelian Bay, CA Welcome to the Agate Bay lifestyle. Located in the heart of Carnelian Bay, this beautifull...	4 beds \| 3 baths \| 1,728 sq.ft.	$1,119,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.06% Airbnb Rental Income: $788 Traditional Rental Income: $3606 Airbnb ROI: -0.87% Traditional ROI: 2.06%
625 High St Carnelian Bay, CA Tucked away among the trees with conservancy lots on all sides, this cozy chalet captures ...	2 beds \| 1 baths \| 1,013 sq.ft.	$899,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 1.23% Airbnb Rental Income: $519 Traditional Rental Income: $2595 Airbnb ROI: -1.57% Traditional ROI: 1.23%
215 Carnelian Bay Ave Carnelian Bay, CA Motivated Seller! Now priced at $2,495,000—this stunning Carnelian Bay Lakeview estate off...	5 beds \| 4 baths \| 3,780 sq.ft.	$2,499,000	Airbnb cash on cash: -1.57% Traditional cash on cash: 1.78% Airbnb Rental Income: $400 Traditional Rental Income: $7914 Airbnb ROI: -1.57% Traditional ROI: 1.78%
3600 North Lake Blvd #88 Carnelian Bay, CA Experience true resort living on the shores of Lake Tahoe. This beautifully remodeled Chin...	2 beds \| 2 baths \| 1,176 sq.ft.	$1,150,000	Airbnb cash on cash: -3.61% Traditional cash on cash: -1.08% Airbnb Rental Income: $519 Traditional Rental Income: $3053 Airbnb ROI: -3.61% Traditional ROI: -1.08%
3925 North Lake Blvd Carnelian Bay, CA This 2082 square foot single family home has 4 bedrooms and 4.0 bathrooms. This home is lo...	4 beds \| 4 baths \| 2,082 sq.ft.	$1,495,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 1.75% Airbnb Rental Income: $788 Traditional Rental Income: $4479 Airbnb ROI: -1.14% Traditional ROI: 1.75%
5101 North Lake Blvd #54 Carnelian Bay, CA 5101 N Lake Blvd #54, Carnelian Bay, CA 96140 is a condo home that contains 1,106 sq ft an...	2 beds \| 2 baths \| 1,106 sq.ft.	$620,000	Airbnb cash on cash: -3.03% Traditional cash on cash: 0.73% Airbnb Rental Income: $519 Traditional Rental Income: $2233 Airbnb ROI: -3.03% Traditional ROI: 0.73%
4175 Beaumont Rd Carnelian Bay, CA Bring your dreams and make this house a Tahoe home! Potential to be a VRBO, AirBnB, second...	3 beds \| 3 baths \| 1,912 sq.ft.	$1,350,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 1.08% Airbnb Rental Income: $822 Traditional Rental Income: $3652 Airbnb ROI: -1.43% Traditional ROI: 1.08%
3880 Forest Rd Carnelian Bay, CA 3880 Forest Rd, Carnelian Bay, CA 96140 \| Single Family Residential	6 beds \| 5 baths \| N/A	$2,250,000	Airbnb cash on cash: -1.73% Traditional cash on cash: 1.34% Airbnb Rental Income: $400 Traditional Rental Income: $6565 Airbnb ROI: -1.73% Traditional ROI: 1.34%
4515 Ridgewood Dr Carnelian Bay, CA Nestled in the heart of Carnelian Bay, 4515 Ridgewood Drive captures the essence of Lake T...	4 beds \| 2 baths \| 2,600 sq.ft.	$1,882,800	Airbnb cash on cash: -1.36% Traditional cash on cash: 0.74% Airbnb Rental Income: $788 Traditional Rental Income: $4126 Airbnb ROI: -1.36% Traditional ROI: 0.74%
4115 North Lake Blvd Carnelian Bay, CA 4115 North Lake Blvd, Carnelian Bay, CA 96140 \| Single Family Residential	3 beds \| N/A baths \| 1,570 sq.ft.	$775,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 1.9% Airbnb Rental Income: $822 Traditional Rental Income: $2734 Airbnb ROI: -1.2% Traditional ROI: 1.9%
5101 North Lake Blvd #61 Carnelian Bay, CA Nestled amongst the trees is this special 1 bed/1.5 bath unit plus loft. Extremely clean a...	1 beds \| 1 baths \| 1,106 sq.ft.	$525,000	Airbnb cash on cash: -2.18% Traditional cash on cash: 1.76% Airbnb Rental Income: $585 Traditional Rental Income: $1956 Airbnb ROI: -2.18% Traditional ROI: 1.76%
609 Tallac St Carnelian Bay, CA Nestled among the trees in the heart of Carnelian Bay, this stunning contemporary mountain...	4 beds \| 3 baths \| 3,082 sq.ft.	$2,399,400	Airbnb cash on cash: -1.71% Traditional cash on cash: -0.12% Airbnb Rental Income: $788 Traditional Rental Income: $4013 Airbnb ROI: -1.71% Traditional ROI: -0.12%
5101 North Lake Blvd #49 Carnelian Bay, CA Welcome to Carnelian Woods, one of North Lake Tahoe's most sought-after condominium commun...	2 beds \| 2 baths \| 1,332 sq.ft.	$530,000	Airbnb cash on cash: -2.1% Traditional cash on cash: 2.14% Airbnb Rental Income: $519 Traditional Rental Income: $2341 Airbnb ROI: -2.1% Traditional ROI: 2.14%
325 North Ridge Dr Carnelian Bay, CA Charming Tahoe Chalet: Timeless Design Meets Modern Woods Living. Welcome to your ultimate...	3 beds \| 2 baths \| 1,202 sq.ft.	$850,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 1.85% Airbnb Rental Income: $822 Traditional Rental Income: $2687 Airbnb ROI: -0.81% Traditional ROI: 1.85%
5101 North Lake Blvd #126 Carnelian Bay, CA PLEASE CONTACT US FOR AN APPLICATION. WE DO NOT USE ZILLOW'S APP. AVAILABLE FOR SKI LEASE...	2 beds \| 2 baths \| 1,381 sq.ft.	$875,000	Airbnb cash on cash: -3.45% Traditional cash on cash: -0.44% Airbnb Rental Income: $519 Traditional Rental Income: $2697 Airbnb ROI: -3.45% Traditional ROI: -0.44%
5827 North Lake Blvd Carnelian Bay, CA Welcome to 5827 N Lake Blvd, a stunning contemporary mountain retreat in the heart of Agat...	5 beds \| 5 baths \| 4,070 sq.ft.	$3,550,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 0.36% Airbnb Rental Income: $400 Traditional Rental Income: $7156 Airbnb ROI: -1.77% Traditional ROI: 0.36%
4176 Ferguson Ave Carnelian Bay, CA Located on a one of the most desirable quiet streets on the North Shore, this home provide...	5 beds \| 5 baths \| 4,280 sq.ft.	$16,900,000	Airbnb cash on cash: -1.27% Traditional cash on cash: -0.74% Airbnb Rental Income: $400 Traditional Rental Income: $8435 Airbnb ROI: -1.27% Traditional ROI: -0.74%
4177 North Lake Blvd Carnelian Bay, CA Tucked in the heart of Cedar Flat, this meticulously cared-for Tahoe cabin blends timeless...	3 beds \| 1 baths \| 1,220 sq.ft.	$925,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 2.1% Airbnb Rental Income: $822 Traditional Rental Income: $3135 Airbnb ROI: -0.96% Traditional ROI: 2.1%
5390 North Lake Blvd Carnelian Bay, CA Discover the magic of Tahoe from this inviting lakefront retreat in coveted Carnelian Bay....	5 beds \| 3 baths \| 3,000 sq.ft.	$6,995,000	Airbnb cash on cash: -1.03% Traditional cash on cash: -0.48% Airbnb Rental Income: $400 Traditional Rental Income: $3992 Airbnb ROI: -1.03% Traditional ROI: -0.48%
730 Carnelian Cir Carnelian Bay, CA 730 Carnelian Cir, Carnelian Bay, CA 96140 \| Single Family Residential	3 beds \| 3 baths \| 2,657 sq.ft.	$1,890,000	Airbnb cash on cash: -1.53% Traditional cash on cash: 0.32% Airbnb Rental Income: $822 Traditional Rental Income: $3735 Airbnb ROI: -1.53% Traditional ROI: 0.32%
1000 Carnelian Bay Ave Carnelian Bay, CA A very rare and special find! Beautiful panoramic mountain AND lake views. Approximately t...	3 beds \| 4 baths \| 3,700 sq.ft.	$5,450,000	Airbnb cash on cash: -1.68% Traditional cash on cash: -0.79% Airbnb Rental Income: $822 Traditional Rental Income: $5394 Airbnb ROI: -1.68% Traditional ROI: -0.79%
4530 Ridgewood Dr Carnelian Bay, CA Captivating lake views, thoughtful design, and timeless mountain elegance define this exce...	4 beds \| 3 baths \| 2,956 sq.ft.	$3,800,000	Airbnb cash on cash: -1.55% Traditional cash on cash: -0.2% Airbnb Rental Income: $788 Traditional Rental Income: $5224 Airbnb ROI: -1.55% Traditional ROI: -0.2%
615 Woodchuck Dr Carnelian Bay, CA This 2300 square foot single family home has 4 bedrooms and 3.5 bathrooms. This home is lo...	4 beds \| 3 baths \| 2,300 sq.ft.	$1,495,000	Airbnb cash on cash: -1.41% Traditional cash on cash: 0.99% Airbnb Rental Income: $788 Traditional Rental Income: $3798 Airbnb ROI: -1.41% Traditional ROI: 0.99%
590 Tunnington Dr Carnelian Bay, CA Tucked into the quiet, highly sought-after Cedar Flat neighborhood, this spacious mountain...	5 beds \| 4 baths \| 3,260 sq.ft.	$1,569,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 1.13% Airbnb Rental Income: $400 Traditional Rental Income: $4365 Airbnb ROI: -1.77% Traditional ROI: 1.13%
4470 Huckleberry Dr Carnelian Bay, CA 4470 Huckleberry Dr, Carnelian Bay, CA 96140 \| Single Family Residential	5 beds \| 5 baths \| 3,391 sq.ft.	$4,200,000	Airbnb cash on cash: -1.75% Traditional cash on cash: -0.77% Airbnb Rental Income: $400 Traditional Rental Income: $3964 Airbnb ROI: -1.75% Traditional ROI: -0.77%
3705 North Lake Blvd Carnelian Bay, CA 3705 North Lake Blvd, Carnelian Bay, CA 96145 \| Single Family Residential	4 beds \| 2 baths \| 3,450 sq.ft.	$1,995,000	Airbnb cash on cash: -1.55% Traditional cash on cash: 0.06% Airbnb Rental Income: $788 Traditional Rental Income: $3452 Airbnb ROI: -1.55% Traditional ROI: 0.06%
4269 Jeffrey Way Carnelian Bay, CA This rustic 1950 style cabin has a large wrap around porch to relax and enjoy the filtered...	1 beds \| 1 baths \| 646 sq.ft.	$875,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 0.48% Airbnb Rental Income: $585 Traditional Rental Income: $2135 Airbnb ROI: -1.77% Traditional ROI: 0.48%
3600 North Lake Blvd #113 Carnelian Bay, CA 3600 North Lake Blvd #113, Carnelian Bay, CA 96145 \| Condo/Coop	4 beds \| 3 baths \| 2,700 sq.ft.	$3,995,000	Airbnb cash on cash: -2.18% Traditional cash on cash: -1.32% Airbnb Rental Income: $788 Traditional Rental Income: $3836 Airbnb ROI: -2.18% Traditional ROI: -1.32%
3600 Dinah Rd Carnelian Bay, CA 10 acre parcel minutes from Tahoe City, the crystal shores of Lake Tahoe and world class s...	4 beds \| 3 baths \| 2,159 sq.ft.	$2,699,000	Airbnb cash on cash: -1.61% Traditional cash on cash: -0.48% Airbnb Rental Income: $788 Traditional Rental Income: $3275 Airbnb ROI: -1.61% Traditional ROI: -0.48%
573 Granite Rd Carnelian Bay, CA 3 bed, 2 bath home PLUS lock-off Guest Unit (2nd kitchen & laundry, bathroom, living room,...	5 beds \| 5 baths \| 3,800 sq.ft.	$2,199,900	Airbnb cash on cash: -1.15% Traditional cash on cash: 3.13% Airbnb Rental Income: $400 Traditional Rental Income: $8880 Airbnb ROI: -1.15% Traditional ROI: 3.13%
4085 Robert Ave Carnelian Bay, CA 4085 Robert Ave, Carnelian Bay, CA 96140 \| Other	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: -0.65% Traditional cash on cash: 0.98% Airbnb Rental Income: $834 Traditional Rental Income: $1118 Airbnb ROI: -0.65% Traditional ROI: 0.98%
1809 Woods Point Way Carnelian Bay, CA Experience mountain living at its finest in this beautifully crafted Northstar home-design...	5 beds \| 5 baths \| 4,024 sq.ft.	$2,750,000	Airbnb cash on cash: -1.8% Traditional cash on cash: 1.76% Airbnb Rental Income: $400 Traditional Rental Income: $9226 Airbnb ROI: -1.8% Traditional ROI: 1.76%
2338 Overlook Place Carnelian Bay, CA Located in Northstar's prestigious Big Springs neighborhood on the highly coveted Overlook...	5 beds \| 7 baths \| 4,925 sq.ft.	$4,795,000	Airbnb cash on cash: -1.87% Traditional cash on cash: 0.59% Airbnb Rental Income: $400 Traditional Rental Income: $11083 Airbnb ROI: -1.87% Traditional ROI: 0.59%
5554 N Lake Boulevard Carnelian Bay, CA This enchanting lakefront retreat is tucked away on Flick Point, one of the most sought-af...	3 beds \| 2 baths \| 1,312 sq.ft.	$2,475,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 0.34% Airbnb Rental Income: $822 Traditional Rental Income: $3353 Airbnb ROI: -0.91% Traditional ROI: 0.34%
4135 Nightingale Road Carnelian Bay, CA Discover the perfect blend of adventure, serenity, and potential in this centrally located...	4 beds \| 3 baths \| 2,285 sq.ft.	$1,120,000	Airbnb cash on cash: -1.62% Traditional cash on cash: 1.63% Airbnb Rental Income: $788 Traditional Rental Income: $3846 Airbnb ROI: -1.62% Traditional ROI: 1.63%
655 Carnelian Road Carnelian Bay, CA This charming two bedroom and two bath "Old Tahoe" cabin, lovingly maintained by the origi...	2 beds \| 2 baths \| 1,020 sq.ft.	$799,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 2.34% Airbnb Rental Income: $519 Traditional Rental Income: $2819 Airbnb ROI: -1.12% Traditional ROI: 2.34%

Real Estate investment in Carnelian-bay, CA

There are 44 properties for sale in the city of Carnelian Bay . The median list price in Carnelian Bay is $892,015 and the average price per square foot is $372. In September 2026, the average monthly cash on cash return in Carnelian Bay is 1.00%. The average monthly rental income in Carnelian Bay is $3,137.

Carnelian-bay, CA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 44 investment properties available for sale in Carnelian-bay.

In 2026, the best neighborhood to buy investment property is Carnelian Bay.

The ROI for Long-Term is higher than the Short-Term in Carnelian-bay with average rental income of $3,137.

Your search for investment property begins and ends here

Investment Property for Sale in Carnelian Bay, CA

620 North Ridge Rd

Carnelian Bay, CA

3 beds | 2 baths | 1,384 sq.ft.

$1,400,000

Airbnb cash on cash: -1.45%

Traditional cash on cash: 0.07%

Airbnb Rental Income: $822

Traditional Rental Income: $2468

Airbnb ROI: -1.45%

Traditional ROI: 0.07%

4105 North Lake Blvd

Carnelian Bay, CA

3 beds | 2 baths | 2,133 sq.ft.

$1,080,000

Airbnb cash on cash: -1.05%

Traditional cash on cash: 2.62%

Airbnb Rental Income: $822

Traditional Rental Income: $4181

Airbnb ROI: -1.05%

Traditional ROI: 2.62%

5101 North Lake Blvd #59

Carnelian Bay, CA

2 beds | 1 baths | 961 sq.ft.

$555,000

Airbnb cash on cash: -4.1%

Traditional cash on cash: -0.37%

Airbnb Rental Income: $519

Traditional Rental Income: $2180

Airbnb ROI: -4.1%

Traditional ROI: -0.37%

4411 Muletail Dr

Carnelian Bay, CA

3 beds | 1 baths | 1,320 sq.ft.

$775,000

Airbnb cash on cash: -1.2%

Traditional cash on cash: 1.2%

Airbnb Rental Income: $822

Traditional Rental Income: $2226

Airbnb ROI: -1.2%

Traditional ROI: 1.2%

5884 Sudan Rd

Carnelian Bay, CA

4 beds | 3 baths | 1,728 sq.ft.

$1,119,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 2.06%

Airbnb Rental Income: $788

Traditional Rental Income: $3606

Airbnb ROI: -0.87%

Traditional ROI: 2.06%

625 High St

Carnelian Bay, CA

2 beds | 1 baths | 1,013 sq.ft.

$899,000

Airbnb cash on cash: -1.57%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $519

Traditional Rental Income: $2595

Airbnb ROI: -1.57%

Traditional ROI: 1.23%

215 Carnelian Bay Ave

Carnelian Bay, CA

5 beds | 4 baths | 3,780 sq.ft.

$2,499,000

Airbnb cash on cash: -1.57%

Traditional cash on cash: 1.78%

Airbnb Rental Income: $400

Traditional Rental Income: $7914

Airbnb ROI: -1.57%

Traditional ROI: 1.78%

3600 North Lake Blvd #88

Carnelian Bay, CA

2 beds | 2 baths | 1,176 sq.ft.

$1,150,000

Airbnb cash on cash: -3.61%

Traditional cash on cash: -1.08%

Airbnb Rental Income: $519

Traditional Rental Income: $3053

Airbnb ROI: -3.61%