$899,000 Active
1305 Kings Way
Tahoe Vista, CA 96140
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
2.0 Baths
·
1,536 Sq Ft

About This Property

Welcome to 1305 Kings Way, where classic Tahoe charm meets modern comfort in a peaceful setting backing directly to miles of Forest Service land. Recently refreshed with new exterior paint** and a newly sealed driveway, this inviting 3-bedroom home is move-in ready and perfectly suited for year-round mountain living. Enjoy unmatched access to endless hiking, biking, snowshoeing, and snowmobiling trails right from your backyard—simply pull your snowmobile out of the garage and ride directly onto the trail system. Inside, the remodeled kitchen features granite countertops, custom tile accents, a stainless steel range, and an open-concept design that flows seamlessly into the dining and living areas, making it ideal for entertaining. The spacious living room is anchored by a cozy freestanding gas log fireplace, creating the perfect mountain retreat after a day on the slopes or trails. The desirable floor plan includes a convenient downstairs primary suite with a private bath, while warm finishes throughout capture the authentic Tahoe feel. Whether you're looking for a full-time residence, vacation home, or investment property, this home offers the perfect blend of privacy, recreation, and mountain lifestyle in one of North Lake Tahoe's most desirable neighborhoods.

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

Listing Details

Status Active
MLS # 20261482
Price/Sq Ft $585

Property History

Jul 17, 2026
Listed for sale
$899,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,536
Year Built 1979
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 112240020000
Parking
Garage Spaces 2
Parking Features Two
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
📊

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 — 1305 Kings Way, Tahoe Vista

Est. Annual Revenue
$47,559
Avg Nightly Rate
$253
Projected Occupancy
51.5%
Cap Rate
2.1%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,633 sq ft covered of 3,805 sq ft allowed
1,173 sq ft of coverage still available to add.
Parcel Size
12,685 sq ft
Allowed Coverage
3,805 sq ft · 30%
Existing Coverage
2,633 sq ft · 21%
Addable Coverage
1,173 sq ft

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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