$798,000 Closed
1001 Commonwealth Drive #82
Kings Beach, CA 96143
SOLD 2026-05-28
Sold for $800,000 (listed at $798,000)
📋 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 $800,000 on 2026-05-28, 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

Designer-remodeled and truly a showstopper, this beautifully updated 3-bedroom + loft, 2-bath condominium in Kingswood Village Commonwealth offers the perfect blend of modern style and mountain convenience. Ideally located just minutes from Kings Beach and Northstar California Resort, with easy access to year-round recreation. No detail was overlooked in this comprehensive renovation—featuring all-new flooring, designer lighting, custom cabinetry, and premium countertops throughout. The open-concept living space is both stylish and functional, ideal for entertaining or relaxing after a day on the mountain or lake. A standout feature is the versatile loft space, thoughtfully designed with bunk beds and a dedicated children’s TV/play area. The loft can remain open to the living and kitchen below for an airy feel or be enclosed with sliding barn doors for added privacy—allowing the home to comfortably live like a 4-bedroom and offering the perfect retreat for guests or kids. Enjoy indoor-outdoor living with two private decks, providing space to unwind in a peaceful alpine setting. The Kingswood Village community amenities include a swimming pool, hot tubs, tennis courts, bocce ball courts, fitness center, kayak and small watercraft storage, and close proximity to scenic hiking and biking trails just steps from your door. Short-term rentals are permitted, making this an excellent opportunity for both personal enjoyment and investment potential. A rare opportunity to own a fully reimagined, turnkey mountain retreat in one of North Lake Tahoe’s most desirable and convenient locations.

Listed by Lisa Smith — Carr Long Real Estate

Listing Details

Status Closed
MLS # 20260664
Sold Date 2026-05-28
Sold Price $800,000
Price/Sq Ft $510

Property History

Apr 30, 2026
Listed for sale
$798,000
Current
Sold
$800,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2024 $635,000 John EppolitoColdwell Banker Select Real Es Scott WillersCompass
May 2026 · this listing $800,000 (+26%) Lisa SmithCarr Long Real Estate Ricki ManahanMountain Luxury Properties

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 3
Baths 2.0
Sq. Ft. 1,566
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111 220 016 000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Rental History
View Mountain(s)
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $796 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s)

STR Investment Summary — 1001 Commonwealth Drive #82, Kings Beach

Est. Gross Annual Revenue
$35K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 54 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
513 sq ft covered of 204 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
816 sq ft
Allowed Coverage
204 sq ft · 25%
Existing Coverage
513 sq ft · 63%
Addable Coverage
0 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares
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