Great rental potential meets timeless Tahoe craftsmanship in this truly immaculate Carnelian Bay retreat with sunshine, style, and rare flexibility. Buyers will appreciate the ability to live comfortably as a 3-bedroom mountain home while generating income from the separate guest suite with its own private entrance — ideal for ski lease tenants, extended guests, or overflow accommodations. Tucked into a friendly neighborhood with trail access just three doors away, this impeccably maintained property captures everything buyers love about Tahoe living: natural sunlight, warm mountain character, and effortless indoor-outdoor spaces designed to enjoy every season. Step inside to a welcoming mudroom entry and into the heart of the home where exposed wood beams, a beautiful plaster wood-burning fireplace, and forest views create a living room that feels both cozy and refined. Subtle craftsman touches and quality craftsmanship are evident throughout, while expansive windows fill the home with natural light. The kitchen and dining area were designed for gathering after a day on the lake or slopes. Rich cherry cabinetry, beautiful 3/4-inch solid cherry hardwood floors, Silestone counters, a Wolf professional range, and vaulted wood ceilings offer timeless Tahoe charm. The expansive sun-drenched Trex deck becomes an extension of the living space, accessed from three rooms and perfectly positioned for summer dinners, morning coffee, or evenings relaxing in the hot tub beneath Tahoe’s star-filled skies. Upstairs, the private primary suite offers a peaceful retreat with tall ceilings, its own plaster gas fireplace, and a spacious bath with travertine finishes, soaking tub, and glass shower. Two additional bedrooms on the main level provide comfortable accommodations for family and guests. Adding exceptional versatility is the private guest suite with its own separate entrance — an increasingly valuable feature for buyers seeking ski lease income, multigenerational living, work-from-home flexibility, or private guest accommodations. Short-term rent the main home while maintaining flexibility for personal use. Outside, the recently stained cedar exterior, sunny quarter-acre lot, two driveways, and attached one-car garage reflect the same pride of ownership and attention to detail found throughout the property. Inquire for local rental projections and STR potential.