$650,000 $685,000 ↓ $35,000 reduced Active
1001 Commonwealth Drive #106
Kings Beach, WA 98143
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
2.0 Baths
·
1,566 Sq Ft

About This Property

PRICED REDUCED! Beautifully remodeled four-bedroom unit in one of North Lake Tahoe’s more desirable complexes. The kitchen and both bathrooms have been tastefully updated, and vaulted pine ceilings add warmth and character throughout. With spacious living areas, modern upgrades, and a prime location, this unit is ideal as a primary residence, vacation escape, or short-term rental. Sold turn-key furnished—just bring your suitcase! For the fourth bedroom the loft was enclosed (photo 19). Enjoy the best of Tahoe living with close proximity to the pristine shores of Lake Tahoe and world-class skiing and recreation at Northstar Ski Resort. Kingswood Village offers exceptional amenities including: a pool, tennis courts, pickleball courts, and bocce ball—providing endless options for fun and relaxation. Additional parking is available for boats or RVs, making this property perfect for outdoor enthusiasts. Nearby hiking trails and access to Tahoe’s natural beauty make this a true mountain retreat. Own a piece of North Lake Tahoe paradise!

Listed by John Eppolito — Coldwell Banker Select Real Es

Listing Details

Status Active
MLS # 20251409
Days on Market 424
Price/Sq Ft $415

Property History

Jun 26, 2025
Listed for sale
$685,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2008 · county record $365,000 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.

Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,566
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111230014000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $796 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment, Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$24K – $57K typically ~$40,570
~$3,381 per month
Avg Nightly
$247
Occupancy
45%
Cap Rate
2.5%

STR Investment Summary — 1001 Commonwealth Drive #106, Kings Beach

Est. Gross Annual Revenue
$24K – $57K
typically ~$40,570
Avg Nightly Rate
$247
Projected Occupancy
45.0%
Cap Rate
2.5%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (60 comparable 4-bedroom rentals, 2026-08); 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

Over coverage limit
628 sq ft covered of 206 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
824 sq ft
Allowed Coverage
206 sq ft · 25%
Existing Coverage
628 sq ft · 76%
Addable Coverage
0 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 ↗

Building Permit History

Placer County permit records for this parcel

Residential < 3000 · 2011-02-03
DONE
WOOD DECK > 30" ABOVE GRADE PHASE 4 COVERED DECK-----------206 TRPA AT TRPA UNIT 106 AND 107
Permit #0730 40752.11
Building/Residential/Full Review/NA
DONE
Permit #TCON 3704-1

Public permit records from the Placer County permit portal, last checked 2026-08-22. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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