$665,000
1001 Commonwealth Drive #106
Kings Beach, CA 98143
✓ 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
·
1,566 Sq Ft

About This Property

PRICE IMPROVMENT! Don’t miss this opportunity to own a beautifully remodeled three-bedroom unit in one of North Lake Tahoe’s more desirable complexes. The kitchen and both bathrooms have been tastefully updated, and vaulted pine ceilings add warmth and character throughout. With spacious living areas, modern upgrades, and a prime location, this unit is ideal as a primary residence, vacation escape, or short-term rental. Sold turn-key furnished—just bring your suitcase! Enjoy the best of Tahoe living with close proximity to the pristine shores of Lake Tahoe and world-class skiing and recreation at Northstar Ski Resort. Kingswood Village offers exceptional amenities including: a pool, tennis courts, pickleball courts, and bocce ball—providing endless options for fun and relaxation. Additional parking is available for boats or RVs, making this property perfect for outdoor enthusiasts. Nearby hiking trails and access to Tahoe’s natural beauty make this a true mountain retreat. Don’t miss your chance to own a piece of North Lake Tahoe paradise!

Listed by John Eppolito — Coldwell Banker Select Real Es

Listing Details

Status Active
MLS # 20251409
Days on Market 251
Price/Sq Ft $425

Property History

Jun 26, 2025
Listed for sale
$665,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,566
Stories 3
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
APN 111-230-014-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Cable TV
Lot Features Level
View Wooded
Construction Framed
Roof Composition
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $796
HOA / Community https://www.kvpoa.org/
HOA & Community
Community Amenities Pool,Tennis Courts,Exercise Equipment,Other/See Remarks
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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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($133,000)
Home price
$665,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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