Sold $19,650,000 Closed
9820 Brockway Springs Drive
Kings Beach, CA 96143

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SOLD 2026-05-12
Sold for $19,650,000
7 Beds
·
7.0 Baths
·
6,839 Sq Ft

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About This Property

Includes two parcels - 9800 & 9820 Brockway Springs Drive! Indulge in the unparalleled luxury and seclusion of Porcupine Point, a rare gem nestled on the former "old Brockway" hotel site. This private enclave, shielded by two gated entries, unveils 3.48 acres, boasting 546 feet of water frontage, along with the coveted inclusion of 2 buoys and use of Brockway Vista HOA pier, pool and tennis courts. The development potential of this property is limitless, presenting a once-in-a-lifetime opportunity for visionary investors. 9800 Brockway Springs encompasses 3 structures: a 5 bedroom, 5 bath 4,969 square foot main house, a 2 bedroom, 2 bath lake cottage, and a caretaker's cottage. Its 385 feet of lake frontage includes a pier, boat lift, and sun deck, along with multiple outdoor areas. Built in 1949, the main house has the ideal layout for families, with two primary suites on the ground floor, 3 additional lake view bedrooms upstairs, and a gorgeous main living room with multiple sets of French doors leading out to the lakefront patio. 9820 Brockway Springs Drive features a 4 bedroom, 3 bath, 1,870 square foot home built in 1986, currently serving as the perfect annex home for guests with its multiple outdoor areas and quiet setting. The grounds are gorgeous, spanning over 2.33 acres with 161 feet of lake frontage. Stretching from the east shore to the west shore, Porcupine Point offers sweeping, unobstructed views that bathe the landscape in all-day sunlight, accentuating the natural beauty of giant granite boulders and creating an ambiance of tranquility that is simply unparalleled in the California lakefront market. This is a property where the possibilities are as vast as the horizon, promising an exceptional canvas for realizing your most ambitious development dreams. This legacy property stands as a testament to the uncompromising standards of luxury and exclusivity, setting a new benchmark for lakefront estates. With its remarkable privacy, expansive acreage, and breathtaking vistas, Porcupine Point is a world of its own—a sanctuary that redefines the essence of lakefront living and presents an unparalleled investment opportunity for those seeking a truly unique and prestigious property. Two adjacent lots are also available to purchase, for a rare opportunity to own 5.31 acres with 818’ of waterfrontage on Lake Tahoe. Please reach out with any additional questions.

Listed by Jamison Blair — COMPASS

Listing Details

Status Closed
MLS # 20252327
Sold Date 2026-05-12
Sold Price $19,650,000
Price/Sq Ft $2,873

Property History

Oct 15, 2025
Listed for sale
$19,650,000
Current
Sold
$19,650,000
Property Overview
Beds 7
Baths 7.0
Sq. Ft. 6,839
Lot Size 3.48 acres
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090250033000
Parking
Parking Features None, Other, Parking Pad
Exterior & Lot
Lot Features Landscaped
View Lake, Panoramic-Lake, Trees/Woods, Mountain(s)
Construction Frame
Roof Other
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas

STR Investment Summary — 9820 Brockway Springs Drive, Kings Beach

Est. Gross Annual Revenue
$60K – $95K
typically ~$75,000
Avg Nightly Rate
$761
Projected Occupancy
27.0%
Cap Rate
0.2%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (60 comparable 4-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

Room to build
7,985 sq ft covered of 8,967 sq ft allowed
982 sq ft of coverage still available to add.
Parcel Size
124,199 sq ft
Allowed Coverage
8,967 sq ft · 7%
Existing Coverage
7,985 sq ft · 6%
Addable Coverage
982 sq ft

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 compares

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$19,100 – $22,300/yr
about $1,725/mo
Est. Rebuild Cost (Coverage A)
$3,761,450
FAIR Plan (fire)
$15,900/yr
DIC wrap (theft, water, liability)
$3,200 – $6,400/yr

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 costs
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