$695,000 $700,000 ↓ $5,000 reduced Active
1001 Commonwealth Drive #89
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

Bright and updated, this 3-bedroom + loft, 2-bath END UNIT sits at a quieter section in Kingswood Village and has the rare convenience of parking right out front. Vaulted wood ceilings and exposed beams retain the classic Tahoe character, while an updated interior and large windows keep the main living spaces open and modern. The main level second floor features an updated kitchen with GE Café appliances that opens to the great room and deck, where peek mountain views add to the setting. A bedroom and updated full bath complete this level. Above, the loft provides approved additional sleeping space, allowing the home to accommodate up to 8 overnight guests. Two additional bedrooms and another updated full bath are located on the entry level, along with laundry and generous storage. Offered TURNKEY and equipped, with seasonal income in place through November, the home gives its next owner a ready-to-enjoy Tahoe getaway beginning December 1, just in time for ski season. Listing agent is the owner/seller and a licensed California real estate agent.

Listed by Kimberly Fox — Real Estate Tahoe

Listing Details

Status Active
MLS # 20261688
Days on Market 27
Price/Sq Ft $444

Property History

Aug 13, 2026
Listed for sale
$700,000
Aug 24, 2026
Pending
$700,000
Aug 31, 2026
Relisted
$700,000
Sep 05, 2026
Price reduced
$695,000 $700,000 ↓ $5,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2020 · via MLS history $464,000

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 Other
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111220024000
Parking
Parking Features None, Boat, RV Access/Parking, Parking Pad
Exterior & Lot
Lot Features Common Area, Rental History
View Trees/Woods, Mountain(s)
Construction Frame
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $796 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
56
PROJECTED GROSS ANNUAL REVENUE
$35K – $65K typically ~$50,000
~$4,167 per month
Avg Nightly
$304
Occupancy
45%
Cap Rate
2.9%

STR Investment Summary — 1001 Commonwealth Drive #89, Kings Beach

Est. Gross Annual Revenue
$35K – $65K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
2.9%
Structural Score: 56 / 100 (Premium) · 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
753 sq ft covered of 206 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
824 sq ft
Allowed Coverage
206 sq ft · 25%
Existing Coverage
753 sq ft · 91%
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 ↗

Building Permit History

Placer County permit records for this parcel

1 open permit
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2025-09-05
Issued
Reroof- Partial- 1 Facet Only- 6.25 SQ - Composition remove & replace
Permit #BLD25-05858
Building-Non-SFD · 2007-06-25
DONE
Reroof Units 89-92 Valuation: $22643.25 THE ROOF COVERING INSTALLED ON THE STRUCTURE IDENTIFIED ABOVE MUST BE INSTALLED PER THE MANUFACTURER'S REQUIREMENTS FOR INSTALLATION.
Permit #TSUP 122206.07
Building/Residential/Full Review/NA
DONE
Permit #TCON 3707-4
Building/Residential/Full Review/NA
DONE
Permit #TCON 57763

Public permit records from the Placer County permit portal, last checked 2026-09-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($139,000)
Home price
$695,000
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