Home for Sale at 5390 North Lake Boulevard, Carnelian Bay, CA 96140

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5390 North Lake Boulevard
Carnelian Bay, CA 96140

Bill Leeder with Chase International - TC, original listing - (866) 889-4817

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Property Details

List Price:	$8,500,000
Beds:	5
Baths:	--
Status:	Active
SqFt:	3000 Square Feet
Agency:	Chase International - TC
Agency Phone:	(866) 889-4817

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	--
Notes:	Discover the magic of Tahoe from this inviting lakefront retreat in coveted Carnelian Bay. With a flat spacious parcel over 200 feet deep and crystal-clear lake views, the property offers room to relax, play and dream. Spend long summer days on the shared rock cribbed pier with boat house & 2 buoys, or lounging on the expansive sun decks including one at the waters edge. The 3,000 sq ft home blends Old Tahoe Charm with modern comforts - 5 BR, 3.5 BA, two living rooms, a newer kitchen and classic stone fireplaces. Central to skiing, shopping, hiking, biking & dining. Enjoy as-is yet brimming with potential, the home offers extensive coverage for building a new luxury residence should you desire. A rare offering for a legacy lakefront opportunity.
MlsNumber:	--
ListingId:	20252557

Listing Provided By:	Chase International - TC, original listing
Phone:	(866) 889-4817
Office Phone:	(866) 889-4817
Agent Name:	Bill Leeder
Disclaimer:	Copyright © 2025 Tahoe Sierra Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

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