About This Property
One-of-a-kind Kings Beach Tahoe home with incredible landscaping, a fully fenced yard, and an exceptional location just a short walk to Lake Tahoe's public beach, hiking and biking trails, and convenient access to Northstar California Ski Resort. Known locally as the "Gingerbread Cottage," this distinctive octagon-style home offers character and charm rarely found in Tahoe. The home has been recently stained and is in excellent condition, offering a well-maintained property that is ready to enjoy. The main level features an inviting octagon-shaped living room with a dramatic vaulted ceiling, freestanding gas stove, gas fireplace, and comfortable gathering space. The well-appointed kitchen includes a high-top dining area, while the updated bathroom features a slate walk-in shower. The spacious primary suite is a standout feature, with an impressive 20-foot teepee-style ceiling, updated bathroom with heated porcelain floors, and access to a private upper deck. A queen sleeper sofa in the main living area provides additional sleeping flexibility. Outdoor living is exceptional, with beautifully landscaped grounds, a fully fenced yard, two decks, and a rooftop deck with views. An additional storage shed provides valuable space for bikes, kayaks, skis and all your Tahoe toys. The property offers outstanding access to year-round recreation, including the lake, beaches, hiking, biking, skiing and water activities. A truly unique Tahoe property combining distinctive architecture, excellent condition, incredible landscaping, privacy, storage and a highly desirable Kings Beach location! Property is still being actively used as a vacation rental. 2024 Gross rental income was $64,569. 2025 Gross $72,249. This home has great income potential. Pics are of home prior to staining and many other upgrades.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2020 · via MLS history | $595,000 | — | — |
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 8487 Steelhead Avenue, Kings Beach
Nightly rates and occupancy from Kings Beach market data (113 comparable 2-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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 ↗Building Permit History
Placer County permit records for this parcel
Public permit records from the Placer County permit portal, last checked 2026-09-06. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
