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.
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
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
1001 Commonwealth Drive #70 Market Data
Based on the last 30 days in this zip code
1001 Commonwealth Drive #70 History
| Date | Value | Agent |
|---|---|---|
| 4/15/2026Source: Tahoe Sierra MLS | $495,000 -2.8% |
|
| 4/15/2026Source: Tahoe Sierra MLS | February 13, 2026 |
