1001 Commonwealth Drive #70, Kings Beach, CA 96143

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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 kayaksfeatures that drive year-round rental demand. Inside, vaulted open-beam ceilings and an open-concept layout flow to a spacious deck ideal for aprs-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.

Price:$509,000
Address:1001 Commonwealth Drive
City:Kings Beach
State:CA
Zip:96143
DOM:2
MLS#:20260193
Square Feet:979
Bedrooms:1
Bathrooms:1.0
Lot Size (acres):
Type:Condominium/Townhouse

Additional Info

Area Information

County:Placer
Area:KINGSWOOD VILLAGE 1-3-1NR
Community:North LakeTahoe
Lat/Lng:39.251751, -120.031984
Directions:Up Commonwealth to 1st driveway, unit is on the right

Interior Details

Rooms:Loft
Floors:Vinyl
Fireplace:Living Room, Freestanding, Gas Fireplace
Heating:Natural Gas, CFAH
Appliances:Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
Miscellaneous:High Ceilings, Rental History

Exterior Details

Stories:Three
Garage Spaces:None
Septic:Utility District
Water:Utility District
Topography:Level
View:Wooded
Setting:Condo/pud Project

Miscellaneous

Year Built:1974
APN:111-220-001-00
Condition:Extensive Remodel
Square Feet Source:ASSESSOR

Additional Photos

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Property Location

Listing courtesy of:
eXp Realty of California, Inc
Ethan Pontz
ethan@ttmountainhomes.com

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