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About This Property
Recently repositioned with an attractive new price, 8683 Rainbow Avenue presents a compelling opportunity to own a versatile North Lake Tahoe property featuring two freestanding cabins on a single parcel in the heart of Kings Beach. Offering flexibility and investment potential, the property provides a variety of possibilities—from enjoying one residence while generating rental income from the other, to accommodating extended family and guests, or creating a dedicated Tahoe retreat with multiple independent living spaces. With existing land coverage already in place, the property may also offer opportunities for future improvements or expansion, subject to applicable approvals. What makes this opportunity particularly unique is the availability of adjacent 8689 Rainbow Avenue, also offered for sale. Featuring a beautifully remodeled main residence and separate detached ADU, the neighboring property creates the rare possibility of combining two parcels and four distinct living spaces into a private North Lake Tahoe family compound. Together, these properties offer exceptional flexibility for multigenerational living, hosting family and friends, or establishing a lasting Tahoe legacy with room for everyone to enjoy their own space and privacy. Within walking distance of Kings Beach's sandy shoreline, restaurants, shopping, and year-round recreation, 8683 Rainbow Avenue combines an outstanding location, multiple residences, and newly adjusted pricing. Whether purchased independently as an income-producing investment or together with 8689 Rainbow Avenue, this is an opportunity to create something truly special in one of North Lake Tahoe's most desirable lakeside communities.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Apr 2021 · via MLS history | $560,000 | — | — |
| Nov 2023 | $725,000 (+29%) | Linda GrangerChristie's Int'l R.E. Sereno | Clayton HumphriesCompass |
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 — 8683 Rainbow Avenue, Kings Beach
Nightly rates and occupancy from Kings Beach market data (118 comparable 2-bedroom rentals, 2026-10); 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 ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costsBuilding Permit History
Placer County permit records for this parcel
Public permit records from the Placer County permit portal, last checked 2026-10-08. 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
