$1,825,000
8703 North Lake Boulevard
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.
1 Beds
·
1.0 Baths
·
1,997 Sq Ft
Virtual Tour

About This Property

Don't miss this rare opportunity to own one of the newest mixed use/commercial buildings in the heart of North Lake Tahoe’s Redevelopment Core with the ability to have a commercial space below and living quarters above, true live work space. Custom built by the current owners in 2003, this exceptional property shines in the Kings Beach downtown center. This prime corner location sits on a high-traffic corridor with fantastic visibility on North Lake Blvd and Fox Street. Mountain rustic meets farmhouse in this beautifully designed building offering a timeless Tahoe feel with cedar and stone exterior and beautifully landscaped grounds. Previously home to an interior design studio and salon, the inside is equally as impressive and custom as the exterior. Gorgeous vaulted ceilings, custom lighting throughout, and a blend of rustic concrete and wood flooring look amazing against the metal railings and metal wall accents. Exposed wood beams add further character, while the massive windows bring in the outdoor beauty of Lake Tahoe. The spacious second-floor has so much potential and offers so many options. This large area is plumbed and has a massive loft area outside of a large separate room that could easily be a bedroom, office, or wherever your imagination takes you. This room currently houses a salon and is perfect for an owner-user, showroom, sales office, restaurant, bedroom, there are so many possibilities and so much potential. With the exposure on both North Lake Blvd and Fox Street combined with the outstanding curb appeal, this gem is impossible to miss. Any number of businesses would thrive in this unique space!

Listed by Alex Min — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20252073
Days on Market 403
Price/Sq Ft $914

Property History

Feb 10, 2025
Listed for sale
$1,825,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 1,997
Stories 2
Year Built 2003
Property Type Single Family Residence
Style Mountain
Subdivision North LakeTahoe
APN 090-192-001
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings
Lot Features Level
View Wooded,Mountain,City
Construction Framed,Masonry,Wooded
Roof Composition,Metal
Utilities & Systems
Heating Natural Gas,CFAH
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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% ($365,000)
Home price
$1,825,000
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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