$1,495,000 Active
375 Islet Avenue
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
·
2,226 Sq Ft
Virtual Tour

About This Property

Charming mountain-style home minutes from Lake Tahoe and Speedboat Beach, with Tahoe Forest just down the street. Built in 2004 and meticulously maintained, this home blends rustic character with modern conveniences. The inviting living room features a stone fireplace and beautiful hardwood floors flowing onto a spacious deck—ideal for indoor/outdoor living. The main level includes a kitchen, dining area, powder room, and living room. Upstairs are four generously sized bedrooms with ample closet space, two full baths, including a private primary suite. Situated in the desirable Brockway neighborhood, the home is convenient to Kings Beach, Crystal Bay, and Incline Village, as well as Northstar and Diamond Peak ski resorts. The Crystal Point Scenic Overlook is nearby. Perfectly positioned for year-round Tahoe enjoyment. This has been an excellent Short term rental

Listed by Janie Sharp — COMPASS

Listing Details

Status Active
MLS # 20260643
Price/Sq Ft $672

Property History

Apr 25, 2026
Listed for sale
$1,495,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,226
Lot Size 0.16 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090-302-005-00
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Rental History
Lot Features Gentle
View Wooded
Construction Framed
Roof Composition
Foundation Perim Concrete
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 — 375 Islet Avenue, Kings Beach

Est. Annual Revenue
$50,388
Avg Nightly Rate
$512
Projected Occupancy
27.4%
Cap Rate
1.3%
Structural Score: 53 / 100 (Standard) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($299,000)
Home price
$1,495,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
9166671444

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