$1,445,000 $1,495,000 ↓ $50,000 reduced Active
375 Islet Avenue
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.
4 Beds
·
2.5 Baths
·
2,226 Sq Ft
Virtual Tour

About This Property

Your Brockway Basecamp for Year-Round Living! Just listed in Brockway—this well-maintained 4-bedroom home offers a strong combination of location, livability, and income potential just minutes from Lake Tahoe and Speedboat Beach. Built in 2004, the home features a functional layout with main-level living, a stone fireplace, hardwood floors, and seamless access to a spacious deck for easy indoor-outdoor use. Upstairs, four bedrooms—including a primary suite—offer flexibility for both full-time living and guest use. Why it stands out: Proven short-term rental with established performance, Prime location near Kings Beach, Crystal Bay & Incline Village, Close to Northstar Resort and Diamond Peak Ski Resort, Ideal for full-time, second home, or investment buyers This is a great option for anyone looking to capture the Tahoe lifestyle while offsetting ownership costs. Happy to share rental history, additional details, or coordinate a showing.

Listed by Janie Sharp — COMPASS

Listing Details

Status Active
MLS # 20260643
Days on Market 71
Price/Sq Ft $649

Property History

Apr 25, 2026
Listed for sale
$1,445,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,226
Lot Size 0.16 acres
Year Built 2004
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 09030200500
Parking
Garage Spaces 2
Parking Features Two, Attached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Rental History
View Trees/Woods
Construction Frame
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

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 375 Islet Avenue, Kings Beach

Est. Annual Revenue
$47,989
Avg Nightly Rate
$274
Projected Occupancy
47.9%
Cap Rate
1.3%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Kings Beach. Revenue projections are estimates and may vary.

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% ($289,000)
Home price
$1,445,000
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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