Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view
Listing view 2
Listing view 3

1001 Commonwealth Drive #70, 
Kings Beach, CA 96161

$509,000


1

Bed


1

Bath


979

Sq Ft


Condo


Virtual Tour

Active

Listed by

Ethan Pontz

Last updated:

August 15, 2025, 02:21 PM

MLS#

20251336

Source:

CA TSBOR

Company Logo

About This Home

1001 Commonwealth Drive #70

Turnkey short-term rental - ready for immediate takeover. This is an incredible opportunity to own a fully updated, income-generating property in Kingswood Village, ideal as a personal retreat or short-term rental investment. The home has been recently renovated with brand-new luxury vinyl flooring, custom kitchen cabinets, new countertops in both the kitchen and bathroom, a new garbage disposal, and a water heater with a 10-year warranty. The bathroom was completely remodeled and includes upgraded fixtures, a modern vanity, and mirror all from West Elm and Pottery Barn. The interior is freshly painted and includes new doors throughout. The property is being sold fully furnished (small exclusion list applies), featuring high-quality pieces including a West Elm couch, coffee table, bathroom vanity, and mirror. The home passed inspection in March 2025, offering peace of mind for new ownership. Placer County remains one of the few areas in the Tahoe region with available short-term rental permits with no long waitlists or delays. This unit has a proven rental history and strong income potential going forward. Kingswood Village is a highly desirable, well-maintained community with excellent HOA management. Services include reliable snow removal, defensible space maintenance compliant with fire insurance requirements, and ongoing community enhancements. Community amenities include a pool, kiddie pool, fitness center, tennis, bocce, and pickleball courts, plus RV, boat, and kayak storage. Located just minutes from Kings Beach, Northstar, hiking and biking trails, golf, shopping, dining, and Lake Tahoe. The TART bus stop at the corner offers easy transportation to Northstar and Palisades Tahoe during both summer and winter seasons. Inside, enjoy vaulted open-beam ceilings and a spacious, open-concept living/dining/kitchen area that opens to a large deck-ideal for relaxing or entertaining. A second private deck off the primary bedroom adds peaceful outdoor space. A free-standing gas fireplace creates a cozy ambiance during the winter months, and a bonus loft offers flexible space for guests or a home office. Newer appliances include the stove, microwave, and washing machine. This move-in-ready property checks every box; modern finishes, prime location, proven rental performance, and full furnishings included.

Home Facts

Condo

1 Bath

1 Bedroom

Built in 1971

Price Summary

509,000

$519 per Sq. Ft.

MLS #:

20251336

Last Updated:

August 15, 2025, 02:21 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

979 Sq. Ft.


Structure

Structure

Architectural Style:

Mountain

Building Area:

979 Sq. Ft.

Year Built:

1971


Finances & Disclosures

Finances

Price:

$509,000

Price per Sq. Ft:

$519 per Sq. Ft.

1001 Commonwealth Drive #70
Source:CA TSBOR
The information being provided by Tahoe Sierra Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Tahoe Sierra Board of Realtors. Coldwell Banker Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Realty, a broker participant of Tahoe Sierra Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Tahoe Sierra Board of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Tahoe Sierra Board of Realtors. All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.