$1,199,000 $1,322,000 ↓ $123,000 reduced Active
1315 Commonwealth Drive
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.
More Lake Tahoe homes for sale where STRs are allowed →
3 Beds
·
2.0 Baths
·
2,320 Sq Ft
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Our data on this home

Short-term rental income $55K – $85K/yr Est. gross · $426/night · 45.0% booked TRPA land coverage Room to build 2,350 of 2,574 sq ft used Home insurance $4,900 – $5,700/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Beautifully renovated and thoughtfully designed, this Kings Beach retreat combines modern comfort with classic Tahoe charm. The home features a large, light-filled upstairs great room that’s perfect for entertaining and gathering after a day of adventure, with ample space for a generous seating area and dining. With a 2-car garage providing coveted year-round parking and storage for skis, boards, bikes, and beach gear, the property functions seamlessly as both a personal getaway and a guest-friendly vacation home. In summer, the location truly shines with easy access to Kings Beach and the beautiful Lake Tahoe shoreline, where you can enjoy sandy beaches, boating, paddle boarding, and a full range of lake activities. Popular restaurants, coffee shops, and local shopping are just minutes away, while nearby biking and hiking trails offer endless options for exploring the North Lake Tahoe landscape, from mellow family rides to more adventurous singletrack. Winter days are equally appealing with convenient skiing at Northstar and quick access to the lively Northstar Village for dining, après-ski, and events. Paired with a strong short-term rental history and proximity to Crystal Bay and the exciting Cal Neva renovation, this beautifully updated home stands out as a turnkey investment and lifestyle opportunity in North Lake Tahoe.

Listed by Stefanie Scapini — eXp Realty of California, Inc

Listing Details

Status Active
MLS # 20260785
Days on Market 178
Price/Sq Ft $517

Property History

May 12, 2026
Listed for sale
$1,322,000
Jul 08, 2026
Price changed
$1,298,000
Aug 08, 2026
Price reduced
$1,250,000 $1,298,000 ↓ $48,000
Oct 16, 2026
Price reduced
$1,199,000 $1,250,000 ↓ $51,000
Oct 16, 2026
Relisted
$1,199,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,320
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111160027
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$55K – $85K typically ~$70,000
~$5,833 per month
Avg Nightly
$426
Occupancy
45%
Cap Rate
2.3%

STR Investment Summary — 1315 Commonwealth Drive, Kings Beach

Est. Gross Annual Revenue
$55K – $85K
typically ~$70,000
Avg Nightly Rate
$426
Projected Occupancy
45.0%
Cap Rate
2.3%
Structural Score: 68 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (173 comparable 3-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

Room to build
2,350 sq ft covered of 2,574 sq ft allowed
224 sq ft of coverage still available to add.
Parcel Size
10,296 sq ft
Allowed Coverage · est.
2,574 sq ft · 25%
Existing Coverage · est.
2,350 sq ft · 23%
Addable Coverage
224 sq ft

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

$4,900 – $5,700/yr
about $442/mo
Est. Rebuild Cost (Coverage A)
$974,400
FAIR Plan (fire)
$4,100/yr
DIC wrap (theft, water, liability)
$800 – $1,600/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

$7,570 per month
Principal & interest
$6,063/mo
Property taxes
$1,065/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
$442/mo
CA FAIR Plan + DIC estimate, ~$4,900–$5,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($239,800)
Home price
$1,199,000
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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