$1,200,000 $1,345,000 ↓ $145,000 reduced Active
1020 Cambridge Drive
Kings Beach, CA 96143

Get homes like this by email

When a home like this lists in Kings Beach at a similar price and size, we email you the same day. No account needed.

✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — 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 home. Permits never transfer with a sale — a buyer applies for their own.
4 Beds
·
2.5 Baths
·
2,008 Sq Ft
Virtual Tour

Our data on this home

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 99
Price/Sq Ft $598

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
Sep 28, 2026
Price reduced
$1,200,000 $1,225,000 ↓ $25,000

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 – $100K typically ~$80,000
~$6,667 per month
Avg Nightly
$487
Occupancy
45%
Cap Rate
2.7%

STR Investment Summary — 1020 Cambridge Drive, Kings Beach

Est. Gross Annual Revenue
$55K – $100K
typically ~$80,000
Avg Nightly Rate
$487
Projected Occupancy
45.0%
Cap Rate
2.7%
Structural Score: 52 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (60 comparable 4-bedroom rentals, 2026-10); 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 ↗ How the Basin compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$4,300 – $5,000/yr
about $388/mo
Est. Rebuild Cost (Coverage A)
$843,360
FAIR Plan (fire)
$3,600/yr
DIC wrap (theft, water, liability)
$700 – $1,400/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$7,536 per month
Principal & interest
$6,068/mo
Property taxes
$1,066/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$14/mo
From MLS listing data.
Home insurance
$388/mo
CA FAIR Plan + DIC estimate, ~$4,300–$5,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($240,000)
Home price
$1,200,000
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