$400,000 Active
1240 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.

About This Property

Just Add House! New Vacant Land listing in a beautiful wooded setting just a short drive from the shores of stunning Lake Tahoe. More than just a empty lot, this homesite is a opportunity to create your dream home in the mountains. The large, gently sloping parcel will allow for a nice big home with easy level street access. This rare offering is available now and should not be overlooked by anyone seeking to design and develop a modern vacation home or primary residence. Discover the wonderful neighborhood of Kingswood Estates. Nestled above the action and excitement of Kings Beach and below the Brockway Summit where the slopes of Northstar at Tahoe draw in winter enthusiasts galore.

Listed by Elizabeth Edmunds — Chase International - TC

Listing Details

Status Active
MLS # 20260984
Days on Market 77

Property History

May 23, 2026
Listed for sale
$400,000
Property Overview
Lot Size 0.24 acres
Property Type UnimprovedLand
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111150017
Exterior & Lot
Lot Features STREET
View Trees/Woods
📊

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 — 1240 Canterbury Drive, Kings Beach

Est. Annual Revenue
$37,233
Avg Nightly Rate
$209
Projected Occupancy
48.9%
Cap Rate
3.7%
Structural Score: 38 / 100 (Standard) · 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

Room to build
0 sq ft covered of 2,663 sq ft allowed
2,663 sq ft of coverage still available to add.
Parcel Size
10,650 sq ft
Allowed Coverage
2,663 sq ft · 25%
Existing Coverage
0 sq ft
Addable Coverage
2,663 sq ft
IPES Score
803.0
Land Capability · TRPA-verified
IPES

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% ($80,000)
Home price
$400,000
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

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.