$639,000 Closed
1001 Commonwealth Drive #32
Kings Beach, CA 96143
SOLD 2025-12-04
Sold for $633,000 (listed at $639,000)
📋 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

Own this home or one nearby?

What's this home worth today?

It sold for $633,000 on 2025-12-04, 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.

Priced by a local broker from real closed MLS sales near you. Free, no obligation.

Looking to buy instead? See similar homes for sale nearby ↓

Get condos like this by email

When a condo like this lists in Kings Beach at a similar price and size, we email you the same day. No account needed.

About This Property

Bright and sunny corner unit with convenient access, this 3-bedroom, 2-bath condo plus spacious loft offers a versatile floor plan that works beautifully as a primary residence, vacation home, or investment property. Nestled near the shores of Lake Tahoe, it combines mountain tranquility with everyday convenience. The HOA features include a pool just steps away, tennis courts, and bocce ball, boat storage, sauna, ping-ping and more, creating a resort-style atmosphere. Ideally located near vibrant Kings Beach and world-class skiing at Northstar, this is the perfect retreat for full-time living or weekend getaways.

Listed by Stephanie Fillinger — Engel & Volkers Truckee

Listing Details

Status Closed
MLS # 20252214
Sold Date 2025-12-04
Sold Price $633,000
Price/Sq Ft $408

Property History

Sep 26, 2025
Listed for sale
$639,000
Current
Sold
$633,000
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 111210008
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $796 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s)

STR Investment Summary — 1001 Commonwealth Drive #32, Kings Beach

Est. Gross Annual Revenue
$35K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
3.1%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (177 comparable 3-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

$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
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message