1001 Commonwealth Drive #70Kings Beach, CA 96143

Condo/Townhouse · 1 Bed · 1 Full Bath · 979 Sq. ft.
$495,000 ACTIVE

1001 Commonwealth Drive #70 Overview

Time on Site:
137 days
Visits:
6

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.

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1001 Commonwealth Drive #70 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 979
  • Price/Sq.ft. $506

Details

General

Association/HOA

  • Association Amenities: Pool,Tennis Court(s),Other/See Remarks
  • Association: Yes

Building Information

  • New Construction: No
  • Year Built: 1974

Location/Region

  • Country: US
  • County Or Parish: Placer
  • MLS Area Major: KINGSWOOD VILLAGE 1-3-1NR
  • MLS Area Minor: 1NR
  • Subdivision Name: North LakeTahoe

General Information

  • Parcel Number: 11122000100
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condo/Townhome/PUD
  • Property Type: Residential
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 0
  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Total: 1
  • Bedrooms Total: 1

Building Interior

  • Building Area Total: 979

General Information

  • Appliances: Range,Oven,Microwave,Disposal,Dishwasher,Refrigerator,Washer,Dryer
  • Fireplace Features: Fireplace: Living Room,Freestanding,Gas Fireplace
  • Fireplace: Yes
  • Flooring: Vinyl
  • Foundation Details: Concrete Perimeter
  • Interior Features: High Ceilings,Loft
  • Laundry Features: In Hall
  • Levels: Three
  • Living Area: 979
  • Living Area Source: Assessor
  • Security Features: Audio Surveillance,Closed Circuit Camera(s)

Unit Information

  • Unit Number: #70

Exterior

Parking Information

  • Parking Features: None

Lot Information

  • Lot Features: Condo/PUD Project,Rental History
  • Topography: Level
  • Water Source: Utility District

Waterfront/View

  • View: Trees/Woods

Building Exterior/Construction

  • Architectural Style: Mountain
  • Construction Materials: Frame,Wood Siding
  • Patio And Porch Features: Deck(s): 2
  • Roof: Composition

General Information

  • Carport: No
  • Covered Spaces: 0
  • Sewer: Utility District
  • Utilities: Natural Gas Available

1001 Commonwealth Drive #70 Neighborhood

Community

96143 (Kings Beach) Demographics

39
Median Age
594
Population Density (per sq. mile)
39%
College Educated
$51,500
Estimated Median Income
887
Estimated Total Home Owners
557
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1001 Commonwealth Drive #70 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1001 Commonwealth Drive #70 Market Data

Based on the last 30 days in this zip code

$2,187,260
Average List Price
$1,148
Average Price per Square Foot
3
Properties Sold
62
Average Days on Market
41
Properties for Sale
Calculations provided by Reliance Network

1001 Commonwealth Drive #70 History

Date Event Value Agent
4/15/2026Source: Tahoe Sierra MLS Price Reduction
$495,000 -2.8%
4/15/2026Source: Tahoe Sierra MLS Added to Database
February 13, 2026
Listing provided courtesy of eXp Realty of California, Inc- MLS# 20260193MLS Provider