Recently repositioned with an attractive new price, 8689 Rainbow Avenue presents a compelling opportunity to own a beautifully remodeled mountain retreat in the heart of Kings Beach. Situated on a flat, level parcel just moments from Lake Tahoe, this thoughtfully updated property blends modern finishes with the warmth and character of mountain living. The move-in-ready main residence is complemented by a separate, detached ADU, providing exceptional flexibility for extended family, visiting guests, a private home office, or potential rental income. A fully fenced backyard offers privacy and space for outdoor entertaining, while the level setting provides convenient year-round access. What makes this opportunity particularly unique is the availability of adjacent 8683 Rainbow Avenue, also offered for sale. Together, these neighboring properties present the rare possibility of creating a private North Lake Tahoe family compound—an ideal setting for multigenerational living, accommodating extended family and friends, or establishing a lasting Tahoe retreat with the flexibility of multiple residences. Within walking distance of Kings Beach's sandy shoreline, restaurants, shopping, and year-round recreation, 8689 Rainbow Avenue combines an exceptional location, versatile living arrangements, and newly adjusted pricing. Whether purchased independently or together with 8683 Rainbow Avenue, this is an opportunity to establish something truly special in one of North Lake Tahoe's most desirable lakeside communities.
For sale
Price cut: $101K (10/8)
$1,649,000
8689 Rainbow Ave, Kings Beach, CA 96143
6beds
--sqft
Single Family Residence
Built in 1954
6,272 Square Feet Lot
$1,621,100 Zestimate®
$--/sqft
$-- HOA
What's special
Flat level lotMove-in-ready escapeBeautifully updated mountain retreat
- 83 days
- 399
- 34
Zillow last checked:
Listing updated:
Listed by:
Clayton Humphries 508-280-8083,
Compass,
Brandon T Walsh 530-412-4647,
Compass
Source: TSMLS,MLS#: 20261559
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, CFAH
Cooling
- Air Conditioning
Appliances
- Included: Range, Oven, Microwave, Dishwasher, Refrigerator
- Laundry: Laundry Room
Features
- Family Room, Detached ADU
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: Yes
- Fireplace features: Fireplace: Living Room, Brick/Tile
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None, Parking Pad
Features
- Levels: Two
Lot
- Size: 6,272 Square Feet
- Features: Street, Rental History
- Topography: Level
Details
- Additional structures: Outbuilding
- Parcel number: 090116053000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Old Tahoe
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled,Like New
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Utility District
- Water: Utility District
- Utilities for property: Natural Gas Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Kings Beach
Financial & listing details
- Tax assessed value: $1,460,000
- Price range: $1.6M - $1.6M
- Date on market: 7/27/2026
Estimated market value
$1,621,100
$1.54M - $1.70M
$4,950/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Price change | $1,649,000-5.8% |
Source: | ||
| 9/18/2026 | Price change | $1,750,000-2.8% |
Source: | ||
| 7/27/2026 | Listed for sale | $1,800,000+28.7% |
Source: | ||
| 3/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/7/2023 | Listed for rent | $1,650+37.5% |
Source: Zillow Rentals Report a problem | ||
| 10/17/2022 | Sold | $1,399,000 |
Source: | ||
| 9/8/2022 | Pending sale | $1,399,000 |
Source: | ||
| 8/17/2022 | Listed for sale | $1,399,000+77.1% |
Source: | ||
| 3/26/2021 | Sold | $790,000 |
Source: | ||
| 1/19/2021 | Pending sale | $790,000 |
Source: | ||
| 1/8/2021 | Listed for sale | $790,000+18.8% |
Source: TSMLS #20203771 Report a problem | ||
| 1/5/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/21/2020 | Listing removed | $1,200 |
Source: Owner Report a problem | ||
| 4/20/2020 | Listed for rent | $1,200 |
Source: Owner Report a problem | ||
| 12/19/2018 | Sold | $665,000-1.5% |
Source: | ||
| 11/13/2018 | Pending sale | $675,000 |
Source: Sierra Sotheby's International Realty #20182946 Report a problem | ||
| 10/31/2018 | Listed for sale | $675,000+181.3% |
Source: Sierra Sotheby's Int Realty TC #20182946 Report a problem | ||
| 8/27/1997 | Sold | $240,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,460,000 +0.3% |
| 2025 | $17,381 +3.6% | $1,455,519 +2% |
| 2024 | $16,783 +1% | $1,426,980 +2% |
| 2023 | $16,614 +65.6% | $1,399,000 +73.6% |
| 2022 | $10,031 +14.4% | $805,800 +17.6% |
| 2021 | $8,767 +2.4% | $685,326 +1% |
| 2020 | $8,565 | $678,300 +2% |
| 2019 | $8,565 +175.4% | $665,000 +196.2% |
| 2018 | $3,110 +1.9% | $224,513 +2% |
| 2017 | $3,051 +1.3% | $220,111 +2% |
| 2016 | $3,012 +2% | $215,796 +1.5% |
| 2015 | $2,953 +2.8% | $212,555 +2% |
| 2014 | $2,872 | $208,392 +0.5% |
| 2013 | -- | $207,451 +2% |
| 2012 | -- | $203,384 +2% |
| 2011 | -- | $199,397 +0.8% |
| 2010 | -- | $197,908 -0.2% |
| 2009 | -- | $198,379 +2% |
| 2008 | -- | $194,490 +2% |
| 2007 | -- | $190,678 +2% |
| 2006 | -- | $186,940 +2% |
| 2005 | -- | $183,275 +2% |
| 2004 | -- | $179,682 +1.9% |
| 2003 | -- | $176,390 +2% |
| 2002 | -- | $172,932 +2% |
| 2001 | -- | $169,542 +2% |
| 2000 | -- | $166,219 |
Find assessor info on the county website
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