$469,900 $474,900 ↓ $5,000 reduced Active
1001 Commonwealth Drive #97
Kings Beach, CA 96143
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
1 Beds
·
2.0 Baths
·
979 Sq Ft

About This Property

Best of both worlds when it comes to location. Only a couple minutes drive (or short bike ride) down to the shores of Kings Beach, where you’ll enjoy some of the best sandy beaches in North Lake Tahoe, and only 5 miles to Northstar California Resort for world class skiing and boarding. This Kingswood Village condo offers the unique one bedroom, two bathroom layout not often found in the community (there are no others of this layout currently on the market). The entry level features the spacious bedroom (with its own covered deck), full bath, laundry area, and an appropriately sized linen closet. The main floor offers the kitchen, living area with vaulted open beam ceiling, a wood burning fireplace (with gas start), and a comfortable dining space. There is also a second covered deck on the main floor. The 3rd floor is the loft area, which can comfortably fit multiple twins or a full size bed, and of course the second bathroom, which has a dual vanity. The interior of the property has just been freshly painted. The Kingswood Village community offers a wealth of amenities. The pool area features the well maintained pool, small kids wading pool, his and hers saunas, and cardio equipment. From there you can take the trail across the bridge (over the seasonal creek) to the sports court featuring tennis courts, pickle ball, and basketball. Bocce is also found by the pool area. Last but not least the property offers storage racks for your kayaks or SUP’s and summer boat storage area for your boat or jet skis. Whether you’re looking for a year round residence, a cozy getaway, or potential investment opportunity, this Kingswood Village condo should be on your list to view.

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

Listing Details

Status Active
MLS # 20252367
Days on Market 305
Price/Sq Ft $480

Property History

Oct 23, 2025
Listed for sale
$474,900

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 1993 · county record $92,500 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 1
Baths 2.0
Sq. Ft. 979
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111230001
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
Construction Frame, Wood Siding
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas, CFAH
HOA & Community
Community Amenities Pool, Tennis Court(s), Other/See Remarks
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
47
PROJECTED GROSS ANNUAL REVENUE
$21K – $31K typically ~$25,529
~$2,127 per month
Avg Nightly
$155
Occupancy
45%
Cap Rate
2.2%

STR Investment Summary — 1001 Commonwealth Drive #97, Kings Beach

Est. Gross Annual Revenue
$21K – $31K
typically ~$25,529
Avg Nightly Rate
$155
Projected Occupancy
45.0%
Cap Rate
2.2%
Structural Score: 47 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Kings Beach market data (113 comparable 2-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
499 sq ft covered of 155 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
622 sq ft
Allowed Coverage
155 sq ft · 25%
Existing Coverage
499 sq ft · 80%
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

Building-Non-SFD · 2007-06-25
DONE
REROOF UNITS 93-98 VALUATION: $36,433.50 THE ROOF COVERING INSTALLED ON THE STRUCTURE IDENTIFIED ABOVE MUST BE INSTALLED PER THE MANUFACTURER'S REQUIREMENTS FOR INSTALLATION.
Permit #TSUP 122205.07
Building/Residential/Full Review/NA
DONE
Permit #TCON 3706

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% ($93,980)
Home price
$469,900
Loan details
30-yr fixed, 6.5%
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