About This Property
Welcome to 8683 Rainbow Avenue, a unique Kings Beach investment opportunity featuring two freestanding cabins on one lot. The property offers flexibility for a variety of uses, whether you choose to live in one cabin and rent the other, operate both as income-producing units, or explore future expansion. With a good amount of existing coverage already in place, the property may offer additional development potential, creating even more possibilities for a future owner. Add onto the existing structures, reimagine the site, or simply enjoy the current setup and income potential. Located right in town and within walking distance to shopping, dining, sandy beaches, and the shores of beautiful Lake Tahoe, this property combines convenience with opportunity. Whether you're looking for an investment, a Tahoe getaway with rental income, or a property with long-term upside, 8683 Rainbow Avenue offers a compelling foothold in Kings Beach. Potential combined purchase with 8689 Rainbow next door and create the ultimate Tahoe compound.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Apr 2021 · via MLS history | $560,000 | — | — |
| Nov 2023 | $725,000 (+29%) | Linda GrangerChristie's Int'l R.E. Sereno | Clayton HumphriesCompass |
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 8683 Rainbow Avenue, Kings Beach
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
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
