Sold $500,000 $549,000 Closed
1001 Commonwealth Drive #49
Kings Beach, CA 96143

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SOLD 2025-12-15
Sold for $500,000 (listed at $549,000)
📋 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.
3 Beds
·
2.0 Baths
·
1,566 Sq Ft
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It sold for $500,000 on 2025-12-15, 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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About This Property

WOW! 3 Bedroom + Loft in Kingswood Village priced like a 2 Bedroom!! Mountain living meets modern convenience in this spacious 3-bedroom, 2-bathroom Kingswood Village retreat. With 1,566 sq. ft. of thoughtfully designed living space, this desirable townhome combines comfort, functionality, and access to all that Lake Tahoe has to offer. The light-filled great room features soaring open-beam ceilings, a cozy wood-burning fireplace, and sliding glass doors that open to a private deck—perfect for morning coffee or après-ski gatherings. A spacious kitchen with a breakfast bar flows seamlessly into the dining area, making entertaining effortless. The primary suite offers a peaceful sanctuary, while the two additional bedrooms provide ample space for family and guests. Practical upgrades and abundant storage throughout ensure year-round ease of living. Set in the sought-after Kingswood Village community, residents enjoy resort-style amenities including a pool, tennis courts, fitness center, clubhouse, and boat/RV storage. Just minutes from Lake Tahoe’s beaches, Northstar Ski Resort, hiking/biking trails, and Kings Beach dining and shops, this property makes for the ideal vacation home, rental opportunity, or full-time residence. A rare blend of space, location, and lifestyle—this is your chance to own a slice of Tahoe mountain living. Welcome home to your own Tahoe...

Listed by Scott Willers — Compass

Listing Details

Status Closed
MLS # 20252164
Sold Date 2025-12-15
Sold Price $500,000
Price/Sq Ft $351

Property History

Sep 18, 2025
Listed for sale
$599,000
Current
Sold
$500,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,566
Year Built 1970
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111210025000
Parking
Parking Features None, Other
Exterior & Lot
Lot Features Condo/PUD Project, Landscaped
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $796 / Monthly

STR Investment Summary — 1001 Commonwealth Drive #49, Kings Beach

Est. Gross Annual Revenue
$35K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
3.6%
Structural Score: 52 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (172 comparable 3-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

$2,400 – $2,800/yr
about $217/mo
Est. Rebuild Cost (Coverage A)
$469,800
FAIR Plan (fire)
$2,000/yr
DIC wrap (theft, water, liability)
$400 – $800/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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