$495,000 Active
1001 Commonwealth Drive #206
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

This sunny end unit is a fantastic opportunity in the Kingswood complex. With one bedroom, a loft and two bathrooms, the spacious floor plan makes for easy lake living. Vaulted, open beam ceilings and many windows allow the sunlight to flood the living space while the fireplace centering the living room creates even more warmth on those cold winter nights. World class skiing is just a few minutes away at Northstar and the HOA provides snow removal in parking areas and walkways - creating easy access during storms. In the summer, enjoy two decks in a lovely mountain setting, the HOA swimming pool, access out the door to Forest Service trails for hiking and biking and just a short walk or drive to the shores of Lake Tahoe.

Listed by Chris Hernandez — COMPASS

Listing Details

Status Active
MLS # 20252462
Days on Market 285
Price/Sq Ft $506

Property History

Nov 12, 2025
Listed for sale
$495,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 1990 · county record $83,000 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 1
Baths 2.0
Sq. Ft. 979
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 111250054000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas
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
54
PROJECTED GROSS ANNUAL REVENUE
$30K – $40K typically ~$34,935
~$2,911 per month
Avg Nightly
$213
Occupancy
45%
Cap Rate
2.8%

STR Investment Summary — 1001 Commonwealth Drive #206, Kings Beach

Est. Gross Annual Revenue
$30K – $40K
typically ~$34,935
Avg Nightly Rate
$213
Projected Occupancy
45.0%
Cap Rate
2.8%
Structural Score: 54 / 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
248 sq ft covered of 156 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
156 sq ft · 25%
Existing Coverage
248 sq ft · 40%
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/Residential/Full Review/NA
DONE
Permit #TCON 4832-3
Building/Residential/Full Review/NA
DONE
Permit #TCON 68688-6
Building/Residential/Full Review/NA
DONE
Permit #TCON 69117

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% ($99,000)
Home price
$495,000
Loan details
30-yr fixed, 6.5%
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