$910,000 Active
9923 Pelican Drive
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.
2 Beds
·
1.0 Baths
·
1,018 Sq Ft
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About This Property

Tucked down a long private driveway, this classic Tahoe cabin offers the charm and character that make mountain living so special. The secluded setting provides added privacy along with ample off-street parking, while the spacious backyard and large rear patio create the perfect place to relax, entertain, or enjoy peaceful afternoons in the pines. Inside, the inviting living room is centered around a wood-burning stove, creating a warm and cozy gathering space for winter evenings or après-beach nights. The adjacent dining area is ideal for sharing meals and making memories, while two comfortable bedrooms flank the living room in a classic Tahoe cabin layout. A generously sized laundry room adds convenience and extra storage. The location is hard to beat, with easy access to Speedboat Beach, the restaurants, shopping, casinos, and entertainment of Stateline, as well as the beaches, dining, and amenities of Kings Beach. An added bonus is the vacant lot next door, which is also available for purchase, offering a rare opportunity to expand your property, enhance privacy, or preserve the open space next to your Tahoe retreat.

Listed by Linda Granger — Christie's Int'l R.E. Sereno

Listing Details

Status Active
MLS # 20261631
Price/Sq Ft $894

Property History

Aug 04, 2026
Listed for sale
$910,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 1995 · county record $115,000 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 2
Baths 1.0
Sq. Ft. 1,018
Lot Size 0.01 acres
Year Built 1949
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
County Placer
STR Jurisdiction Placer County
APN 090305009000
Parking
Garage Spaces 1
Parking Features One, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, Baseboard
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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 — 9923 Pelican Drive, Kings Beach

Est. Annual Revenue
$40,707
Avg Nightly Rate
$207
Projected Occupancy
54.0%
Cap Rate
1.8%
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,498 sq ft covered of 1,072 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,358 sq ft
Allowed Coverage
1,072 sq ft · 20%
Existing Coverage
2,498 sq ft · 47%
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 ↗

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% ($182,000)
Home price
$910,000
Loan details
30-yr fixed, 6.5%
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