$499,000 Closed
1001 Commonwealth Drive #180
Kings Beach, CA 96143
SOLD 2023-10-13
Sold for $495,000 (listed at $499,000)
Real Estate Tahoe listed and sold this home
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
1 Beds
·
1.0 Baths
·
979 Sq Ft
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About This Property

A well maintained beautifully decorated warm, quiet condo with easy access to ski resorts, beaches and hiking trails. Centrally located, this unit is spacious and bright. The open floor plan and high ceilings accentuate the walls of windows. This is a tri-level condo with the main bedroom and the bathroom are on the first level, kitchen/living/dining on the second level, and the spacious loft on the third level. Wood burning fireplace to keep you warm in the Winter and a deck right off the living room for relaxing and taking in the fresh mountain air. This condo is perfect for year round enjoyment, it sits close to Hwy 267 for easy access to Lake Tahoe and Local Ski Areas.

Listed by Kristina Mattson — Chase International - TC

Listing Details

Status Closed
MLS # 20231146
Sold Date 2023-10-13
Sold Price $495,000
Price/Sq Ft $510

Property History

Jul 10, 2023
Listed for sale
$525,000
Current
Sold
$495,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 979
Year Built 1974
Property Type Residential
Style Other
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111260022000
Parking
Parking Features None, Parking Pad
Exterior & Lot
Lot Features Common Area
View Trees/Woods
Construction Frame
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $559
HOA & Community
Community Amenities Pool, Tennis Court(s)

STR Investment Summary — 1001 Commonwealth Drive #180, Kings Beach

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
3.6%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (113 comparable 2-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$1,400 – $1,700/yr
about $129/mo
Est. Rebuild Cost (Coverage A)
$293,700
FAIR Plan (fire)
$1,200/yr
DIC wrap (theft, water, liability)
$200 – $500/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
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