Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Beds
979 sqft

$449,000

1001 Commonwealth Drive # 70 Unit: #70, Kings Beach CA, 96143

Price per sqft$458.63
Built in1974
Property size979 sqft
Property typeTownhomes

Overview

Pending

Contingent

Listed Sep 3, 2026

Updated 8h ago

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.

$2,987/mo

Est. mortgage payment based on a $449,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261858

Interior Features

Bedrooms
2
Fireplace
Yes
Heating
Yes
Basement
No

Other Property Details

View
Yes

Listed by eXp Realty of California, Inc, Ethan T Pontz,
Listing Contact: 888-584-9427 

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. The information being provided is for the consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

©2026 Tahoe Sierra Multiple Listing Service. All rights reserved. 

Data last updated 6:18 PM UTC, 10/8/2026

 

Powered by Luxury Presence