$700,000 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 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 10 overnight guests under its current STR permit. Two additional bedrooms and another updated full bath are located on the entry level, along with laundry and generous storage. Fully furnished 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
Price/Sq Ft $447

Property History

Aug 13, 2026
Listed for sale
$700,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2020 · county record $464,000 Deed record — brokerage sides not reported

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.

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
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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 #89, Kings Beach

Est. Annual Revenue
$42,903
Avg Nightly Rate
$236
Projected Occupancy
49.8%
Cap Rate
2.5%
Structural Score: 56 / 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% ($140,000)
Home price
$700,000
Loan details
30-yr fixed, 6.5%
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