$1,225,000 $1,345,000 ↓ $120,000 reduced Active
1020 Cambridge Drive
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.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this address. Permits don't transfer automatically with a sale — verify current status with the county.
4 Beds
·
2.5 Baths
·
2,008 Sq Ft
Virtual Tour

About This Property

This stunning 4-bedroom, 2.5-bath home in the desirable Kingswood Estates has been completely remodeled to perfection. Nestled in a peaceful mountain setting, the property backs up to the Beaver Trail and surrounding forest, with a tranquil creek nearby and a wooded walking path providing a scenic connection to the beach. Enjoy the convenience of the TART Connect shuttle at the end of Cambridge Drive, offering effortless access to North Shore dining, shopping, and entertainment without the need for a car. Perfectly situated moments from Kings Beach, the boat launch, and world-class skiing at Northstar, Diamond Peak, Mt. Rose, Alpine Meadows, and Palisades, this home is an outdoor enthusiast's dream surrounded by endless hiking and biking trails. Situated in a quiet HOA with low annual dues of just $172, this is an incredible opportunity to enjoy Tahoe through the end of summer and prepare for the upcoming ski season.

Listed by Joanna Vasquez — Redfin Corporation

Listing Details

Status Active
MLS # 20261513
Days on Market 54
Price/Sq Ft $610

Property History

Jul 21, 2026
Listed for sale
$1,345,000
Aug 19, 2026
Price reduced
$1,295,000 $1,345,000 ↓ $50,000
Sep 02, 2026
Price reduced
$1,225,000 $1,295,000 ↓ $70,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2020 · via MLS history $590,000

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 4
Baths 2.5
Sq. Ft. 2,008
Lot Size 0.35 acres
Year Built 1978
Property Type Single Family Residence
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 11117001600
Parking
Parking Features None
Exterior & Lot
Lot Features Street, Rental History
View Trees/Woods
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $172 / Annually
HOA & Community
Community Amenities Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$55K – $95K typically ~$75,000
~$6,250 per month
Avg Nightly
$457
Occupancy
45%
Cap Rate
2.5%

STR Investment Summary — 1020 Cambridge Drive, Kings Beach

Est. Gross Annual Revenue
$55K – $95K
typically ~$75,000
Avg Nightly Rate
$457
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 52 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (60 comparable 4-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

Room to build
2,079 sq ft covered of 4,596 sq ft allowed
2,517 sq ft of coverage still available to add.
Parcel Size
15,320 sq ft
Allowed Coverage
4,596 sq ft · 30%
Existing Coverage
2,079 sq ft · 14%
Addable Coverage
2,517 sq ft
Land Capability · TRPA-verified
6

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
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2026-08-25
Issued
Liberty Utilities Panel change out cracked meter socket CURRENT PANEL AMPERAGE: 200 PROPOSED PANEL AMPERAGE: 200 CHANGE OUT / NEW: Change Out - Like for Like ELECTRIC UTILITY COMPANY: undefined
Permit #BLD26-05954
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-05-11
Expired
Remove existing Roof- Haul away to the dump Install Ice and Water shield 100% of Roof Install Metal Roofing 24ga Matte Black and Metal drip edge to match Install 40 year granite black roofing shingles Install 40 year ridge cap Fully clean Job site upon completion STRUCTURE: Dwelling MATERIAL / ASSEMBLY: Shingles CURRENT ROOF: Shingles OVERLAYING EXISTING: No # OF EXISTING LAYERS: 3
Permit #BLD24-02421
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-05-04
Expired
Looking to turn the small deck in the rear of the house into a larger deck that is accessed via a new sliding glass door.
Permit #BLD24-02257
Building/Residential/Full Review/NA
DONE
Permit #TCON 79232
Building/Residential/Full Review/NA
DONE
Permit #TCON 19672
Building/Residential/Full Review/NA
DONE
Permit #TCON 23949
Building/Residential/Full Review/NA
DONE
Permit #TCON 70258

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% ($245,000)
Home price
$1,225,000
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