Residential in Kings Beach

$475,000

1001 Commonwealth Drive, 96143, Kings Beach, CA

Residential for sale in Kings Beach, 1001 Commonwealth Drive, 96143, 979 m²

1001 Commonwealth Drive, 96143, Kings Beach, CA

$475,000

2Bed
1Bath
979
Type: Residential

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.

Location

1001 Commonwealth Drive, 96143, Kings Beach, CA

Data

Object TypeResidential
Purchase Price$475,000
Living Space979 m²
Plot SizeN/A
Bathrooms1
Construction Year1974
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeNatural Gas, CFAH
Primary Energy SourceN/A
Construction Year1974
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent