$599,000
1001 Commonwealth Drive #114
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
·
2.0 Baths
·
1,422 Sq Ft

About This Property

Retro Vibes, Mountain Lifestyle — Kingswood Village Retreat Near the Lake Step into the best of mountain living and mid-century charm with this unique Kingswood Village condo in the heart of Kings Beach. With 1,422 square feet spread across three levels, this stylish and functional getaway offers room for everyone—and then some. Featuring 2 bedrooms, 2 bathrooms, a cozy bonus sleeping loft, and an additional flex space (currently used as an extra sleeping area but perfect for a home office or second hangout spot), this home adapts to your lifestyle—whether it’s adventure-filled weekends or laid-back year-round living. The interiors blend partial modern updates with playful mid-century details, including eye-catching vintage wallpaper that adds personality and warmth you won’t find in a cookie-cutter remodel. Light pours in through large windows, and the open layout creates the perfect vibe for après-ski cocktails or summer dinners with friends. Located just minutes from Kings Beach's sandy shores, restaurants, and shops, this condo also gives you access to community amenities like a pool, tennis courts, and more. And for those chasing winter turns, you’re only 10 minutes to Northstar and 15 minutes to historic downtown Truckee. Whether you're looking for a weekend basecamp, a full-time Tahoe retreat, or a rental-friendly property with personality, this one checks all the boxes. Lifestyle, location, and character—all wrapped into one cool Tahoe package.

Listed by Celia Klein — Engel & Volkers Truckee

Listing Details

Status Active
MLS # 20251605
Days on Market 248
Price/Sq Ft $421

Property History

Jul 13, 2025
Listed for sale
$599,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,422
Stories 3
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
APN 111-230-022
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Landscaping
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
HOA & Community
Community Amenities Pool,Tennis Courts,Exercise Equipment
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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% ($119,800)
Home price
$599,000
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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