$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

Your Brockway Basecamp for Year-Round Living! Just listed in Brockway—this well-maintained 4-bedroom home offers a strong combination of location, livability, and income potential just minutes from Lake Tahoe and Speedboat Beach. Built in 2004, the home features a functional layout with main-level living, a stone fireplace, hardwood floors, and seamless access to a spacious deck for easy indoor-outdoor use. Upstairs, four bedrooms—including a primary suite—offer flexibility for both full-time living and guest use. Why it stands out: Proven short-term rental with established performance, Prime location near Kings Beach, Crystal Bay & Incline Village, Close to Northstar Resort and Diamond Peak Ski Resort, Ideal for full-time, second home, or investment buyers This is a great option for anyone looking to capture the Tahoe lifestyle while offsetting ownership costs. Happy to share rental history, additional details, or coordinate a showing.

Listed by Janie Sharp — COMPASS

Listing Details

Status Active
MLS # 20260643
Days on Market 4
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
📊

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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