$13,500,000 Active
9898 Lake Street
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
·
5.0 Baths
·
5,168 Sq Ft

About This Property

Fairwinds is a one-of-a-kind legacy property embodying the elegance and glamour of Lake Tahoe's storied past. Originally built as a summer retreat for one of the most prominent families of the early 1900s, this is a rare opportunity to acquire a remarkable piece of Tahoe history. Property addresses include 9898 Lake St, 9892 Lake St and 9888 Pilot Ln. Rich in Old Tahoe character, the estate captures an era when Lake Tahoe was an escape for high society. Sold as-is, the home will require substantial renovation before it can be occupied-ideal for a visionary preservationist or developer ready to restore it or build a modern estate on one of Tahoe's most coveted lakefront parcels. The home features soaring ceilings, lake-view windows, a grand stone fireplace, plus a separate music room and lake-view sleeping quarters. Set along approximately 300 feet of lake frontage with a private pier and two boat slips, a foundation few Tahoe properties can offer. A once-in-a-generation opportunity.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 1018915
Price/Sq Ft $2,612

Property History

May 22, 2026
Listed for sale
$13,500,000
Property Overview
Beds 7
Baths 5.0
Sq. Ft. 5,168
Lot Size 1.70 acres
Year Built 1934
Property Type Single Family Residence
Style Historic/Antique
County Placer
STR Jurisdiction Placer County
APN 090-321-006
Parking
Garage Spaces 1
Parking Features One Car Garage
Attached Garage Yes
Exterior & Lot
Lot Features Level
View Lake,Panoramic
Utilities & Systems
Heating Baseboard
Financial
Annual Tax $41,943
📊

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 — 9898 Lake Street, Kings Beach

Est. Annual Revenue
$463,518
Avg Nightly Rate
$4682
Projected Occupancy
27.0%
Cap Rate
1.4%
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% ($2,700,000)
Home price
$13,500,000
Loan details
30-yr fixed, 6.5%
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