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About This Property
Recently repositioned with an attractive new price, 8689 Rainbow Avenue presents a compelling opportunity to own a beautifully remodeled mountain retreat in the heart of Kings Beach. Situated on a flat, level parcel just moments from Lake Tahoe, this thoughtfully updated property blends modern finishes with the warmth and character of mountain living. The move-in-ready main residence is complemented by a separate, detached ADU, providing exceptional flexibility for extended family, visiting guests, a private home office, or potential rental income. A fully fenced backyard offers privacy and space for outdoor entertaining, while the level setting provides convenient year-round access. What makes this opportunity particularly unique is the availability of adjacent 8683 Rainbow Avenue, also offered for sale. Together, these neighboring properties present the rare possibility of creating a private North Lake Tahoe family compound—an ideal setting for multigenerational living, accommodating extended family and friends, or establishing a lasting Tahoe retreat with the flexibility of multiple residences. Within walking distance of Kings Beach's sandy shoreline, restaurants, shopping, and year-round recreation, 8689 Rainbow Avenue combines an exceptional location, versatile living arrangements, and newly adjusted pricing. Whether purchased independently or together with 8683 Rainbow Avenue, this is an opportunity to establish something truly special in one of North Lake Tahoe's most desirable lakeside communities.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Mar 2021 · via MLS history | $790,000 | — | — |
| Oct 2022 | $1,399,000 (+77%) | Linda GrangerChristie's Int'l R.E. Sereno | Clayton HumphriesCompass |
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.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 8689 Rainbow Avenue, Kings Beach
Nightly rates and occupancy from Kings Beach market data (60 comparable 4-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
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 comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
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