$12,500,000 $13,500,000 ↓ $1,000,000 reduced Active
9898 Lake Street
Kings Beach, CA 96143

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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.
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7 Beds
·
5.0 Baths
·
5,168 Sq Ft

Our data on this home

Short-term rental income $50K – $80K/yr Est. gross · $660/night · 27.0% booked TRPA land coverage Above base allowance 6,530 of 442 sq ft used Home insurance $14,500 – $16,900/yr FAIR Plan + DIC wrap, the usual Tahoe setup

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. 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. With panoramic lakeviews and a storied past, Fairwinds is a once-in-a-generation chance to steward a true piece of Tahoe history.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 1018915
Days on Market 168
Price/Sq Ft $2,419

Property History

May 22, 2026
Listed for sale
$13,500,000
Sep 15, 2026
Price reduced
$12,500,000 $13,500,000 ↓ $1,000,000
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
Seller's Annual Tax $41,943
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$50K – $80K typically ~$65,000
~$5,417 per month
Avg Nightly
$660
Occupancy
27%
Cap Rate
0.2%

STR Investment Summary — 9898 Lake Street, Kings Beach

Est. Gross Annual Revenue
$50K – $80K
typically ~$65,000
Avg Nightly Rate
$660
Projected Occupancy
27.0%
Cap Rate
0.2%
Structural Score: 70 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (59 comparable 4-bedroom rentals, 2026-11); 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

Above base allowance
6,530 sq ft covered of 442 sq ft allowed
Existing coverage is above the base allowance for this parcel's verified land class. Coverage built before TRPA's rules is often legally existing; adding more typically means removing or transferring coverage.
Parcel Size
44,218 sq ft
Allowed Coverage · verified
442 sq ft · 1%
Existing Coverage · est.
6,530 sq ft · 15%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 1b

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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

$14,500 – $16,900/yr
about $1,308/mo
Est. Rebuild Cost (Coverage A)
$2,842,400
FAIR Plan (fire)
$12,100/yr
DIC wrap (theft, water, liability)
$2,400 – $4,800/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

$75,618 per month
Principal & interest
$63,207/mo
Property taxes
$11,103/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price. The $41,943 on this listing is the seller's bill.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$1,308/mo
CA FAIR Plan + DIC estimate, ~$14,500–$16,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($2,500,000)
Home price
$12,500,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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