$495,000 Active
1001 Commonwealth Drive #206
Kings Beach, CA 96143

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
1 Beds
·
2.0 Baths
·
979 Sq Ft

Our data on this home

About This Property

This sunny end unit is a fantastic opportunity in the Kingswood complex. With one bedroom, a loft and two bathrooms, the spacious floor plan makes for easy lake living. Vaulted, open beam ceilings and many windows allow the sunlight to flood the living space while the fireplace centering the living room creates even more warmth on those cold winter nights. World class skiing is just a few minutes away at Northstar and the HOA provides snow removal in parking areas and walkways - creating easy access during storms. In the summer, enjoy two decks in a lovely mountain setting, the HOA swimming pool, access out the door to Forest Service trails for hiking and biking and just a short walk or drive to the shores of Lake Tahoe.

Listed by Chris Hernandez — COMPASS

Listing Details

Status Active
MLS # 20252462
Days on Market 350
Price/Sq Ft $506

Property History

Nov 12, 2025
Listed for sale
$495,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 1990 · county record $83,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 1
Baths 2.0
Sq. Ft. 979
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111250054000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $796 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment, Other/See Remarks
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$274
Occupancy
45%
Cap Rate
3.7%

STR Investment Summary — 1001 Commonwealth Drive #206, Kings Beach

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
3.7%
Structural Score: 54 / 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

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$3,868 per month
Principal & interest
$2,503/mo
Property taxes
$440/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$796/mo
From MLS listing data.
Home insurance
$129/mo
CA FAIR Plan + DIC estimate, ~$1,400–$1,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($99,000)
Home price
$495,000
Loan details
30-yr fixed, 6.5%
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