$874,900 $899,000 ↓ $24,100 reduced Pending
1305 Kings Way
Tahoe Vista, CA 96140

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
📋 STR Permit on File
Placer County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
3 Beds
·
2.0 Baths
·
1,536 Sq Ft

Our data on this home

About This Property

Welcome to 1305 Kings Way, where classic Tahoe charm meets modern comfort in a peaceful setting backing directly to miles of Forest Service land. Recently refreshed with new exterior paint** and a newly sealed driveway, this inviting 3-bedroom home is move-in ready and perfectly suited for year-round mountain living. Enjoy unmatched access to endless hiking, biking, snowshoeing, and snowmobiling trails right from your backyard—simply pull your snowmobile out of the garage and ride directly onto the trail system. Inside, the remodeled kitchen features granite countertops, custom tile accents, a stainless steel range, and an open-concept design that flows seamlessly into the dining and living areas, making it ideal for entertaining. The spacious living room is anchored by a cozy freestanding gas log fireplace, creating the perfect mountain retreat after a day on the slopes or trails. The desirable floor plan includes a convenient downstairs primary suite with a private bath, while warm finishes throughout capture the authentic Tahoe feel. Whether you're looking for a full-time residence, vacation home, or investment property, this home offers the perfect blend of privacy, recreation, and mountain lifestyle in one of North Lake Tahoe's most desirable neighborhoods.

Listed by C. Kelly Smith — Centr-21 Tahoe North, Realtors

Listing Details

Status Pending
MLS # 20261482
Days on Market 98
Price/Sq Ft $570

Property History

Jul 17, 2026
Listed for sale
$899,000
Aug 22, 2026
Pending
$899,000
Aug 31, 2026
Relisted
$899,000
Sep 21, 2026
Price reduced
$874,900 $899,000 ↓ $24,100
Sep 25, 2026
Pending
$874,900

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2012 · county record $330,000 Deed record — brokerage sides not reported

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.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,536
Year Built 1979
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 112240020000
Parking
Garage Spaces 2
Parking Features Two
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$45K – $65K typically ~$55,000
~$4,583 per month
Avg Nightly
$335
Occupancy
45%
Cap Rate
2.5%

STR Investment Summary — 1305 Kings Way, Tahoe Vista

Est. Gross Annual Revenue
$45K – $65K
typically ~$55,000
Avg Nightly Rate
$335
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Tahoe Vista market data (200 comparable 3-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
2,633 sq ft covered of 3,805 sq ft allowed
1,173 sq ft of coverage still available to add.
Parcel Size
12,685 sq ft
Allowed Coverage
3,805 sq ft · 30%
Existing Coverage
2,633 sq ft · 21%
Addable Coverage
1,173 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

$2,500 – $2,900/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$645,120
FAIR Plan (fire)
$2,100/yr
DIC wrap (theft, water, liability)
$400 – $800/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

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

$5,426 per month
Principal & interest
$4,424/mo
Property taxes
$777/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$225/mo
CA FAIR Plan + DIC estimate, ~$2,500–$2,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($174,980)
Home price
$874,900
Loan details
30-yr fixed, 6.5%
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