$19,650,000 Pending
9820 Brockway Springs Drive
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.
7 Beds
·
7.0 Baths
·
6,839 Sq Ft

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 Pending
MLS # 20252327
Days on Market 133
Sold Date 2026-05-11
Price/Sq Ft $2,873

Property History

Oct 15, 2025
Listed for sale
$19,650,000
Current
Pending
$19,650,000
Property Overview
Beds 7
Baths 7.0
Sq. Ft. 6,839
Lot Size 3.48 acres
Stories 2
Property Type Single Family Residence
Style Old Tahoe
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090-250-033-000
Parking
Parking Features None
Exterior & Lot
Exterior Features Landscaping
Lot Features Level,Downslope,Gentle
View Lake,Panoramic-Lake,Wooded,Mountain
Construction Framed
Roof Other
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
Water Source Buoy Permitted,Boat Lift,Pier/Permitted
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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 — 9820 Brockway Springs Drive, Kings Beach

Est. Annual Revenue
$574,200
Avg Nightly Rate
$5800
Projected Occupancy
27.0%
Cap Rate
1.2%
Structural Score: 59 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($3,930,000)
Home price
$19,650,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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