$798,000 Active
1001 Commonwealth Drive #82
Kings Beach, CA 96143
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
2.0 Baths
·
1,566 Sq Ft

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 Active
MLS # 20260664
Price/Sq Ft $510

Property History

Apr 30, 2026
Listed for sale
$798,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,566
Stories 3
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
Exterior Features High Ceilings,Phone,Cable TV,Rental History
Lot Features Level
View Mountain
Construction Framed
Roof Composition
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $796
HOA / Community https://www.kvpoa.org
HOA & Community
Community Amenities Pool,Tennis Courts
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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

Est. Annual Revenue
$38,265
Avg Nightly Rate
$318
Projected Occupancy
32.4%
Cap Rate
1.9%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Kings Beach. Revenue projections are estimates and may vary.

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($159,600)
Home price
$798,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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