$1,450,000 $1,480,000 ↓ $30,000 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
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About This Property

Ideally located in the heart of North Lake Tahoe, this inviting mountain retreat offers the perfect balance of comfort, convenience, and year-round recreation. Just minutes from the Truckee Airport, the Highway 267 corridor, Northstar California Resort, and some of Tahoe's most beautiful sandy beaches, you'll have easy access to everything the area has to offer. Designed with both relaxation and entertaining in mind, all of the bedrooms are 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. 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 46
Price/Sq Ft $743

Property History

Jun 26, 2026
Listed for sale
$1,450,000
Aug 05, 2026
Price changed
$1,450,000

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.

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

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
$45,672
Avg Nightly Rate
$252
Projected Occupancy
49.7%
Cap Rate
1.3%
Structural Score: 56 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Kings Beach. Revenue projections are estimates and may 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 ↗

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% ($290,000)
Home price
$1,450,000
Loan details
30-yr fixed, 6.5%
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