Sold $350,000 $440,000 Closed
1001 Commonwealth Drive #129
Kings Beach, CA 96143

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SOLD 2026-01-12
Sold for $350,000 (listed at $440,000)
📋 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.
1 Beds
·
1.0 Baths
·
979 Sq Ft

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What's this home worth today?

It sold for $350,000 on 2026-01-12, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

About This Property

Attention investors and visionaries! Lowest price unit in Kingswood Village. Great opportunity to own a mountain getaway at an incredible value. Bring your imagination, tools and fresh ideas to turn this cute, mostly original condo with great bones into an affordable full time residence or vacation spot. This sunny end unit is situated in an excellent location within the complex at the end of the lane. Featuring 2 covered decks, a wood burning stove, and light filled loft to accommodate additional guests or utilize as an office or artist studio. Kingswood Village is a tranquil retreat in a desirable community set on 9 acres with a serene and wooded landscape.

Listed by Lisa Capurro — Engel & Volkers Truckee

Listing Details

Status Closed
MLS # 20251940
Sold Date 2026-01-12
Sold Price $350,000
Price/Sq Ft $449

Property History

Aug 23, 2025
Listed for sale
$460,000
Current
Sold
$350,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 979
Year Built 1973
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111240048000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Corner Lot
Roof Composition
Financial
HOA Fee $664 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s)

STR Investment Summary — 1001 Commonwealth Drive #129, Kings Beach

Est. Gross Annual Revenue
$35K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
3.7%
Structural Score: 46 / 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

$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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