1001 Commonwealth Drive 70, Kings Beach, CA

$495,000

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1

Bed

979

Square feet

About 1001 Commonwealth Drive 70

Your Tahoe Dream: Vacation Home, Investment Property, or Both 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. A bonus loft offers additional sleeping or flexible use space, and 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.

Features of 1001 Commonwealth Drive 70

MLS® # 20260193
Price $495,000
Bedrooms 1
Full Baths 1
Square Footage 979
Year Built 1974
Type RESIDENTIAL
Sub-Type Condo/Townhome/PUD
Style Mountain
Status ACTIVE

Community Information

Address 1001 Commonwealth Drive 70
Area KINGSWOOD VILLAGE 1-3-1NR
Subdivision North LakeTahoe
City Kings Beach
County Placer
State CA
Zip Code 96143

Amenities

Amenities Pool, Tennis Courts, Other/See Remarks
Features High Ceilings, Rental History
Garages None
View Wooded
Has Pool Yes

Interior

Appliances Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
Heating Natural Gas, CFAH
Fireplace Yes
Fireplaces Living Room, Freestanding, Gas Fireplace
Stories Three

Exterior

Roof Composition
Construction Framed, Wooded
Foundation Perim Concrete

Additional Information

Date Listed February 13th, 2026
Days on Market 58
Short Sale No
RE / Bank Owned No

Listing Details

Listing Map

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