$595,000 Active
1001 Commonwealth Drive #117
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.
2 Beds
·
2.0 Baths
·
1,422 Sq Ft

About This Property

Welcome to this inviting mountain retreat, a 2-bedroom plus loft, 2-bath condo overlooking a serene greenbelt and surrounded by a peaceful natural setting. Vaulted beamed ceilings and an open floor plan give the home a timeless cabin feel, while the kitchen includes a functional layout with ample storage and a breakfast bar for casual dining. Step out onto the balcony to enjoy the surrounding trees, fresh mountain air, and quiet outdoor setting. The primary bedroom offers a comfortable layout with a sliding glass door that brings in natural light and easy access to the outdoors. Conveniently located within the complex, the home is close to Kingswood Village’s many amenities, including a pool, tennis and pickleball courts, bocce ball, and a fitness center. Kings Beach, Tahoe beaches, restaurants, Brockway Golf Course, Northstar, and nearby hiking and biking trails are all just a short drive away.

Listed by Dimitri Hallerbach — Coldwell Banker Select Real Es

Listing Details

Status Active
MLS # 20261019
Days on Market 1
Price/Sq Ft $418

Property History

May 28, 2026
Listed for sale
$595,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,422
Lot Size 0.02 acres
Stories 3
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111-230-019-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Landscaping,Phone,Cable TV,High Speed Internet
Lot Features Level
View Wooded
Construction Masonry,Wooded
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $796
HOA / Community www.kvpoa.org
HOA & Community
Community Amenities Pool,Tennis Courts,Other/See Remarks
📊

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 #117, Kings Beach

Est. Annual Revenue
$34,775
Avg Nightly Rate
$245
Projected Occupancy
36.9%
Cap Rate
2.3%
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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($119,000)
Home price
$595,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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