$595,000 Active
1001 Commonwealth Drive #86
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
Virtual Tour

About This Property

Beautifully remodeled 2-bedroom + loft, 2-bath townhome in Kings Beach's Kingswood Village, just minutes from Lake Tahoe's shoreline, downtown Kings Beach, and Northstar California Resort. This 1,422 sq ft home is move-in ready for summer, with two private decks for indoor-outdoor living and a spacious loft overlooking the great room. The interior has been extensively updated: refreshed kitchen with soft-close cabinetry and quiet stainless steel appliances, remodeled bathrooms, new luxury vinyl plank flooring, newer carpet and washer/dryer, fresh paint, and solid pine doors throughout. The lower level offers two bedrooms, a full bath, and laundry, including a private primary suite deck. Upstairs, the main living area opens to a second deck, with a flexible alcove for dining, office, or storage nearby, and a loft ideal for extra sleeping space, media, or reading. Set back from the road and backed by Cambridge Street for added privacy, the home is just a stone's throw to Lake Tahoe's pristine beaches, Brockway Golf Course, hiking/biking trails, and year-round outdoor recreation. Kingswood Village HOA amenities include a pool, spa, fitness center, tennis, pickleball, basketball, and bocce. Ideal as a primary residence, second home, or an income generating property. This Kings Beach gem is ready for summer.

Listed by David Abarta — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20261477
Days on Market 1
Price/Sq Ft $418

Property History

Jul 16, 2026
Listed for sale
$595,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,422
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111220021000
Parking
Parking Features None, Oversized, Parking Pad
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
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

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 #86, Kings Beach

Est. Annual Revenue
$38,886
Avg Nightly Rate
$201
Projected Occupancy
52.8%
Cap Rate
2.6%
Structural Score: 55 / 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
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%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message