$474,900
1001 Commonwealth Drive #97
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
·
2.0 Baths
·
979 Sq Ft

About This Property

Best of both worlds when it comes to location. Only a couple minutes drive (or short bike ride) down to the shores of Kings Beach, where you’ll enjoy some of the best sandy beaches in North Lake Tahoe, and only 5 miles to Northstar California Resort for world class skiing and boarding. This Kingswood Village condo offers the unique one bedroom, two bathroom layout not often found in the community (there are no others of this layout currently on the market). The entry level features the spacious bedroom (with its own covered deck), full bath, laundry area, and an appropriately sized linen closet. The main floor offers the kitchen, living area with vaulted open beam ceiling, a wood burning fireplace (with gas start), and a comfortable dining space. There is also a second covered deck on the main floor. The 3rd floor is the loft area, which can comfortably fit multiple twins or a full size bed, and of course the second bathroom, which has a dual vanity. The interior of the property has just been freshly painted. The Kingswood Village community offers a wealth of amenities. The pool area features the well maintained pool, small kids wading pool, his and hers saunas, and cardio equipment. From there you can take the trail across the bridge (over the seasonal creek) to the sports court featuring tennis courts, pickle ball, and basketball. Bocce is also found by the pool area. Last but not least the property offers storage racks for your kayaks or SUP’s and summer boat storage area for your boat or jet skis. Whether you’re looking for a year round residence, a cozy getaway, or potential investment opportunity, this Kingswood Village condo should be on your list to view.

Listed by C. Kelly Smith — Centr-21 Tahoe North, Realtors

Listing Details

Status Active
MLS # 20252367
Days on Market 146
Price/Sq Ft $485

Property History

Oct 23, 2025
Listed for sale
$474,900
Property Overview
Beds 1
Baths 2.0
Sq. Ft. 979
Stories 3
Year Built 1972
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
APN 111-230-001
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings
Lot Features Level,Gentle
Construction Framed,Wooded
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA / Community https://www.kvpoa.org/
HOA & Community
Community Amenities Pool,Tennis Courts,Other/See Remarks
📊

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% ($94,980)
Home price
$474,900
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444