$700,000 Active
1001 Commonwealth Drive #22
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
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About This Property

Sunny, south-facing 3-bedroom plus loft townhome in the highly desirable Kingswood Village. This inviting and stylish unit features vaulted ceilings in the great room, abundant natural light, and a striking stone gas fireplace, perfect for gathering with family and friends. The updated kitchen and bathrooms offer a modern touch, while wood-beamed ceilings with knotty pine accents provide a warm and iconic mountain feel. All three bedrooms have nice separation for added privacy and the spacious loft with two pull-out beds provides overflow sleeping options for guests. Ideally located just steps from the community amenities including an exercise room, sauna, seasonal pool and wading pool, and a sports court with tennis, pickleball, and basketball. Additional features include bocce ball, kayak and paddleboard storage, and extra parking for boats and trailers. Set adjacent to an extensive network of hiking and mountain biking trails, this prime Kings Beach location offers easy access to the lake, shopping, dining, golf, Northstar Ski Resort and year-round events. Strong annual rental income history adds to the property’s appeal as both a personal retreat and investment opportunity.

Listed by Jeremy Jacobson — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20260804
Price/Sq Ft $447

Property History

May 14, 2026
Listed for sale
$700,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,566
Stories 3
Year Built 1970
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111-200-022-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Phone,Cable TV,Rental History
Lot Features Level,Downslope,Gentle
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $796
HOA / Community www.kvpoa.com
HOA & Community
Community Amenities Pool,Tennis Courts,Exercise Equipment,Other/See Remarks
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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 #22, Kings Beach

Est. Annual Revenue
$49,221
Avg Nightly Rate
$409
Projected Occupancy
32.4%
Cap Rate
2.8%
Structural Score: 60 / 100 (Premium) · 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% ($140,000)
Home price
$700,000
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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