$995,000 Active
8438 Dolly Varden 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
·
3.0 Baths
·
1,960 Sq Ft
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About This Property

North Lake Tahoe Living with Flexibility, Income Potential, and Room to Grow Opportunity meets lifestyle in this unique Kings Beach, Lake Tahoe property featuring a three-bedroom, two-bath main residence plus a detached one-bedroom, one-bath Accessory Dwelling Unit (ADU), all situated on a generously sized fenced parcel. Whether you're seeking a full-time mountain home, a vacation retreat, a multi-generational living arrangement, or an investment property with built-in rental income, this versatile offering provides options that are increasingly difficult to find in today's Tahoe market. The main residence features comfortable single-level living with hardwood floors, a striking stone fireplace, and an open-concept living and dining area designed for gathering with family and friends. The thoughtfully designed kitchen flows seamlessly into the living spaces, while a private deck off the primary suite offers a peaceful place to enjoy your morning coffee or unwind after a day on the lake or trails. A covered front porch adds year-round convenience and mountain charm. Adding exceptional value and flexibility is the detached one-bedroom, one-bath ADU located above the garage. Filled with natural light from skylights and dormer windows, this charming residence offers endless possibilities as a guest retreat, private home office, long-term rental, or accommodation for extended family. With its own private entrance and deck, the ADU provides privacy and independence while remaining connected to the main property. Outside, the fully fenced yard provides ample space for entertaining, gardening, pets, or simply enjoying Tahoe's beautiful outdoor setting. A detached storage shed offers room for tools and recreational equipment, while the garage/workshop provides additional storage and workspace. Ample parking accommodates multiple vehicles, making it easy to host family and friends year-round. Located in one of North Lake Tahoe's most convenient and sought-after neighborhoods, you'll enjoy easy access to sandy beaches, hiking and biking trails, golf, pickleball, tennis, cross-country skiing, dining, shopping, and year-round recreation. Old Brockway Golf Course, lake access, paddleboard and kayak storage, and countless outdoor adventures are all just moments away. Properties offering this level of flexibility, usable outdoor space, and income potential are increasingly rare on Tahoe's North Shore. Whether you choose to live in the main home and generate income from the ADU, create a multi-generational living arrangement, or establish a long-term investment property, this offering delivers exceptional versatility in an outstanding Lake Tahoe location.

Listed by MelindaTilly Mezger — Chase International - Trk

Listing Details

Status Active
MLS # 20261140
Days on Market 2
Price/Sq Ft $508

Property History

Jun 10, 2026
Listed for sale
$995,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,960
Lot Size 0.22 acres
Stories 2
Year Built 1960
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090-102-037-000
Parking
Parking Features One
Exterior & Lot
Lot Features Gentle
View Wooded
Construction Framed
Roof Metal
Foundation Perim Block
Utilities & Systems
Heating Natural Gas,CFAH,Wall Unit
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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 — 8438 Dolly Varden Avenue, Kings Beach

Est. Annual Revenue
$71,345
Avg Nightly Rate
$682
Projected Occupancy
28.6%
Cap Rate
2.9%
Structural Score: 68 / 100 (Premium) · 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
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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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