Views
Address
1001 Commonwealth Drive # 70, Kings Beach, CA
Price
$ 449,000
Property Attributes
- MLS#20261858
- TypeSingle Family
- Listing Status ACTIVE
- CountyPLACER
- CityKings Beach
- AreaNorth LakeTahoe
- NeighborhoodNorth LakeTahoe
- Zip96143
- StyleMountain
- Year Built1974
- Price$ 449,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage979
Data Source:
Tahoe Sierra MLS (TSMLS)
Property Description
Calling all investors! This turnkey, self-managed two-bedroom townhome has generated approximately $54,000 in annual gross short-term rental revenue, with minimal cleaning expenses. The seller will help you get up and running for a seamless transition into ownership and operations. Imagine waking up in your own Tahoe retreat, five minutes from the lake, five minutes from Northstar, and a short drive to world-class skiing at Palisades Alpine (20 min) and Heavenly (50 min). When you're not using it yourself, let it work for you, this fully renovated Kingswood Village condo already has a proven short-term rental track record and is ready to generate income from day one. Whether you're searching for the perfect family getaway that comfortably sleeps 6, a turnkey investment, or the rare property that delivers both, this is it. Sold fully furnished (with a small exclusion list), the next owner steps into an established rental model with zero setup required. no renovation, no staging, no deferred maintenance. Everything is brand new, and no detail has been overlooked. The home features brand-new luxury vinyl plank flooring, custom kitchen cabinetry, upgraded countertops in the kitchen and bath, a new garbage disposal, a new furnace, 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, coffee table, and kitchen table, complete the modern, guest-ready look. 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, spa, sauna, 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. Newer appliances (stove, microwave, washing machine) round out the thoughtful upgrades. With a TART bus stop nearby for easy access to Northstar and Palisades Tahoe, this property combines location, condition, and proven performance into one of the most compelling Tahoe opportunities on the market.
| Price History | |
|---|---|
| 9/3/2026 | Listed $449,000 |
General Features
| Living Area | 979 |
|---|---|
| Sewer | Utility District |
| Heating | Natural Gas,CFAH |
| Utilities | Natural Gas Available |
| Roof | Composition |
| Appliances | Range,Oven,Microwave,Disposal,Dishwasher,Refrigerator,Washer,Dryer |
| Patio/Porch Features | Deck(s): 2 |
| Architectural Style | Mountain |
| Security Features | Audio Surveillance,Closed Circuit Camera(s) |
| Construction Materials | Frame,Wood Siding |
| Year Built | 1974 |
| View | Trees/Woods |
| Topography | Level |
| Levels | Three |
| Unit Number | #70 |
| Property Subtype | Condo/Townhome/PUD |
| Parcel Number | 11122000100 |
| County | Placer |
| New Construction | No |
| Property Type | Residential |
| Association Amenities | Pool,Tennis Court(s),Other/See Remarks |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | North LakeTahoe |
| Garage Y/N | No |
| Status | ACTIVE |
| Directions | Up Commonwealth to 1st driveway,unit is on the right |
| City | Kings Beach |
| Senior Community Y/N | No |
| MLS Area | KINGSWOOD VILLAGE 1-3-1NR |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Property Condition | Updated/Remodeled |
| MLS Area Minor | 1NR |
| Lease Considered Y/N | No |
| Standard Status | Active |
| Freehold | IDX |
Interior Features
| Interior Amenities | High Ceilings |
|---|---|
| Flooring | Vinyl |
| Fireplace Features | Fireplace: Living Room,Freestanding,Gas Fireplace |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Laundry Features | In Hall |
| Total Bedrooms | 2 |
Exterior Features
| Parking Features | None |
|---|---|
| Lot Features | Condo/PUD Project,Rental History |
| Water Source | Utility District |
| Foundation Details | Concrete Perimeter |
| Spa | No |
| Building Area Total | 979 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 96143
Price
Year Built
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