$1,350,000 $1,480,000 ↓ $130,000 reduced 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
·
1,952 Sq Ft
Virtual Tour

About This Property

Located in the heart of North Lake Tahoe, this inviting mountain retreat offers the perfect balance of comfort, convenience, and year-round recreation. Just 1.5 miles from the shops and restaurants of Kings Beach - and some of Tahoe's most beautiful beaches, and just 6 miles to Northstar Ski Resort. This beautiful home was designed with both relaxation and entertaining in mind with all of the bedrooms conveniently located on the first floor, creating a peaceful and private retreat after a day of adventure. Upstairs, you'll find the spacious main living area featuring soaring vaulted ceilings, abundant natural light, and a cozy fireplace—the perfect gathering place for family and friends. The open-concept layout includes a well-appointed kitchen, dining area, pantry, comfortable seating area, and a convenient half bath, making it ideal for entertaining or simply enjoying the Tahoe lifestyle. Step out on the expansive sun deck offering privacy and seclusion with views that do not include of the neighboring houses! Enjoy the tranquil sounds of the melting spring season with a seasonal creek that borders the property. Whether you're looking for a full-time residence, vacation home, or investment property, this home offers an exceptional location with easy access to skiing, hiking, golf, dining, shopping, and endless outdoor adventures.

Listed by Robert Ormsby — Ormsby Real Estate

Listing Details

Status Active
MLS # 20261290
Days on Market 94
Price/Sq Ft $692

Property History

Jun 26, 2026
Listed for sale
$1,480,000
Aug 05, 2026
Price reduced
$1,450,000 $1,480,000 ↓ $30,000
Aug 18, 2026
Price reduced
$1,399,500 $1,450,000 ↓ $50,500
Sep 27, 2026
Price reduced
$1,350,000 $1,399,500 ↓ $49,500

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2011 · county record $370,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,952
Year Built 1979
Property Type Single Family Residence
Style Contemporary
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111150002
Parking
Garage Spaces 2
Parking Features Two, Detached, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Landscaped
View Trees/Woods, Mountain(s)
Construction Frame, Wood Siding
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

Yellow Zone
STRUCTURAL SCORE Premium
66
PROJECTED GROSS ANNUAL REVENUE
$55K – $85K typically ~$70,000
~$5,833 per month
Avg Nightly
$426
Occupancy
45%
Cap Rate
2.1%

STR Investment Summary — 1185 Canterbury Drive, Kings Beach

Est. Gross Annual Revenue
$55K – $85K
typically ~$70,000
Avg Nightly Rate
$426
Projected Occupancy
45.0%
Cap Rate
2.1%
Structural Score: 66 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (177 comparable 3-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

Over coverage limit
3,125 sq ft covered of 2,586 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,343 sq ft
Allowed Coverage
2,586 sq ft · 25%
Existing Coverage
3,125 sq ft · 30%
Addable Coverage
0 sq ft

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

Building Permit History

Placer County permit records for this parcel

Residential - Full Review
DONE
Permit #TCON 20916

Public permit records from the Placer County permit portal, last checked 2026-09-28. 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

$8,813 per month
Principal & interest
$6,826/mo
Property taxes
$1,199/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
$0/mo
From MLS listing data.
Home insurance
$788/mo
CA FAIR Plan + DIC estimate, ~$7,900–$11,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($270,000)
Home price
$1,350,000
Loan details
30-yr fixed, 6.5%
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