$1,480,000 Active
1185 Canterbury Drive
Kings Beach, CA 96148
✓ 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
·
2.5 Baths
·

About This Property

Retreat to this peaceful, quiet setting surrounded by state land and a springtime seasonal creek. Offering beautiful forested views and plenty of off-street parking, this home features vaulted ceilings throughout the upper level. The bright, open-concept floor plan effortlessly combines the kitchen, dining, and living areas—creating a space that is perfect for entertaining. Home chefs will love the spacious kitchen, complete with premium Silestone countertops, an adjacent dining area, and a 4-person eat-in bar. A two-car garage features a built-in workbench for skis and hobbies, plus additional bonus storage in the large shed. Irrigation system and drip line for deck plants are presently turned off - but new owner can ready them for the green thumb enthusiasts. Positioned in an ideal North Lake Tahoe location, you are just 1 mile from the charming restaurants & shops, grocery store, and public sandy beaches of Kings Beach, as well as the historic Old Brockway Golf Course. For world-class recreation, Northstar California Resort is a quick 6-mile drive, offering premier skiing, ice skating, a championship golf course, and a bustling village filled with dining and shopping options.

Listed by Robert Ormsby — Ormsby Real Estate

Listing Details

Status Active
MLS # 20261290

Property History

Jun 26, 2026
Listed for sale
$1,480,000
Property Overview
Beds 3
Baths 2.5
Stories 2
Property Type Single Family Residence
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111-150-002
Parking
Parking Features Two
Exterior & Lot
Exterior Features Landscaping,Hot Tub
View Wooded,Mountain
Construction Framed,Wooded
Utilities & Systems
Heating Natural Gas,CFAH
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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 — 1185 Canterbury Drive, Kings Beach

Est. Annual Revenue
$58,882
Avg Nightly Rate
$435
Projected Occupancy
36.8%
Cap Rate
1.6%
Structural Score: 69 / 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% ($296,000)
Home price
$1,480,000
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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