$509,000
1001 Commonwealth Drive #70
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
·
979 Sq Ft

About This Property

Turnkey Property with Proven Short-Term Rental History — Ready to Be Taken Over! This fully renovated Kingswood Village condo is an established, income-producing asset being sold fully furnished (with a small exclusion list), allowing the next owner to step into a proven rental model with minimal transition time. With documented short-term rental performance and strong income potential, this is a rare opportunity to acquire a true plug-and-play Tahoe investment without renovation, staging, or setup. The home features brand-new luxury vinyl plank flooring, custom kitchen cabinetry, upgraded countertops in the kitchen and bath, a new garbage disposal, and a water heater with a 10-year warranty. The bathroom has been fully remodeled with stylish fixtures and finishes from West Elm and Pottery Barn. Fresh paint, new interior doors, and high-end furnishings, including a West Elm couch and coffee table, enhance the modern, guest-ready appeal. The property passed inspection in March 2025, providing added confidence for investors. Kingswood Village offers reliable snow removal, defensible space maintenance for fire compliance, and a well-managed HOA key advantages for part-time owners and short-term rental operators. Community amenities include a pool, kiddie pool, fitness center, tennis, pickleball, bocce courts, and storage for RVs, boats, and kayaks—features that drive year-round rental demand. Inside, vaulted open-beam ceilings and an open-concept layout flow to a spacious deck ideal for après-ski relaxation. A second private deck off the primary suite adds valuable outdoor space, while a freestanding gas fireplace creates the winter ambiance guests seek. A bonus loft offers additional sleeping or flexible use space, and newer appliances (stove, microwave, washing machine) round out the thoughtful upgrades. Located just minutes from Kings Beach, Northstar, and year-round recreation with a TART bus stop nearby for convenient access to Northstar and Palisades Tahoe. This property combines location, condition, and proven performance into a compelling Tahoe investment opportunity.

Listed by Ethan Pontz — eXp Realty of California, Inc

Listing Details

Status Active
MLS # 20260193
Days on Market 33
Price/Sq Ft $520

Property History

Feb 13, 2026
Listed for sale
$509,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 979
Stories 3
Year Built 1974
Property Type Residential
Style Mountain
Subdivision North LakeTahoe
APN 111-220-001-00
Parking
Parking Features None
Exterior & Lot
Exterior Features High Ceilings,Rental History
Lot Features Level
View Wooded
Construction Framed,Wooded
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
HOA & Community
Community Amenities Pool,Tennis Courts,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% ($101,800)
Home price
$509,000
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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