$658,500 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
1055 Canterbury 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.
4 Beds
·
2.5 Baths
·
2,320 Sq Ft

About This Property

Family and friends will enjoy this amazing Kings Beach home and Lake Tahoe which is located just one mile down the road and Northstar, a world class ski resort, which is located just a short five-mile drive. Both Palisades Tahoe and Heavenly Valley Ski Resorts are also just a 45-minute drive. The town of Kings Beach offers many excellent restaurants, shops, beaches, with convenient access to many year-round recreational activities while keeping its small-town ambiance. It is truly a beautiful area. The home features a large great room, spacious master bedroom with a jacuzzi tub, three downstairs bedrooms, two and half bathrooms, and a desirable 2 car garage. Walk out the back door into the Martis Peak Forest where an abundance of trails awaits you for hiking and mountain biking. Walk or bike to North Tahoe Regional Park for a game of pickleball, tennis and disc golf. Challenge you and your children to the ropes course. The home is registered and occasionally rented out on Airbnb; only when not being used by the owners. It is worth mentioning that the home has a 4.97-star rating based on 32 reviews since 2024. The ongoing use of the home as an Airbnb is not written in stone as the current owner is very interested in canceling the use of the home as an Airbnb. Currently, the money generated from the Airbnb is used to pay bills (ex. utilities, property tax, and other expenses). The house was rented out 21 times in 2025 and generated $23,407 in revenue. The house is listed on AIRBNB as the “Tahoe Bear House”. This 1/2 share interest provides a rare opportunity to own an upscale home in an upscale neighborhood while enjoying Lake Tahoe living at an affordable cost while also realizing the financial benefits of house appreciation that is well documented in Lake Tahoe. The current owner is a very responsible individual who takes great pride in the upkeep of the home and the landscape of the property and is very conscientious of financial matters. The ownership and usage of the house is split evenly, and a contract will be prepared that addresses each owner’s expectations, wants, and needs of the property. The current arraignment for the owner’s use of the property is two weeks out of each month, and cohabitation is up for discussion.

Listed by Simon Mills — Mills Realty

Listing Details

Status Active
MLS # 20261315
Price/Sq Ft $284

Property History

Jun 30, 2026
Listed for sale
$658,500
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,320
Lot Size 0.24 acres
Stories 2
Year Built 1996
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111-140-002-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Landscaping,Phone,Cable TV,High Speed Internet
Lot Features Upslope,Gentle
View Wooded,Mountain
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
📊

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 — 1055 Canterbury Drive, Kings Beach

Est. Annual Revenue
$50,364
Avg Nightly Rate
$513
Projected Occupancy
27.3%
Cap Rate
3.1%
Structural Score: 66 / 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% ($131,700)
Home price
$658,500
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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