Sold $562,115 $599,000 Closed
1001 Commonwealth Drive #114
Kings Beach, CA 96143

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SOLD 2026-05-04
Sold for $562,115 (listed at $599,000)
📋 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.
2 Beds
·
2.0 Baths
·
1,422 Sq Ft

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About This Property

Retro Vibes, Mountain Lifestyle — Kingswood Village Retreat Near the Lake Step into the best of mountain living and mid-century charm with this unique Kingswood Village condo in the heart of Kings Beach. With 1,422 square feet spread across three levels, this stylish and functional getaway offers room for everyone—and then some. Featuring 2 bedrooms, 2 bathrooms, a cozy bonus sleeping loft, and an additional flex space (currently used as an extra sleeping area but perfect for a home office or second hangout spot), this home adapts to your lifestyle—whether it’s adventure-filled weekends or laid-back year-round living. The interiors blend partial modern updates with playful mid-century details, including eye-catching vintage wallpaper that adds personality and warmth you won’t find in a cookie-cutter remodel. Light pours in through large windows, and the open layout creates the perfect vibe for après-ski cocktails or summer dinners with friends. Located just minutes from Kings Beach's sandy shores, restaurants, and shops, this condo also gives you access to community amenities like a pool, tennis courts, and more. And for those chasing winter turns, you’re only 10 minutes to Northstar and 15 minutes to historic downtown Truckee. Whether you're looking for a weekend basecamp, a full-time Tahoe retreat, or a rental-friendly property with personality, this one checks all the boxes. Lifestyle, location, and character—all wrapped into one cool Tahoe package.

Listed by Celia Klein — Engel & Volkers Truckee

Listing Details

Status Closed
MLS # 20251605
Sold Date 2026-05-04
Sold Price $562,115
Price/Sq Ft $421

Property History

Jul 13, 2025
Listed for sale
$620,000
Current
Sold
$562,115
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,422
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111230022
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Landscaped
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment

STR Investment Summary — 1001 Commonwealth Drive #114, Kings Beach

Est. Gross Annual Revenue
$40K – $60K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
3.3%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (118 comparable 2-bedroom rentals, 2026-10); 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

$2,200 – $2,500/yr
about $196/mo
Est. Rebuild Cost (Coverage A)
$426,600
FAIR Plan (fire)
$1,800/yr
DIC wrap (theft, water, liability)
$400 – $700/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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