Versatile Two-Unit Property in Coveted Lower Kingsbury - Income Potential + Scenic Views Nestled in the highly sought-after Lower Kingsbury neighborhood, this unique two-unit residence offers a rare combination of lifestyle, location, and income potential. Just steps from the popular Stinger Trail and Burke Creek Trails, outdoor recreation is at your doorstep. The main home features 4 bedrooms and 2 bathrooms, with a thoughtfully designed layout. One bedroom and bath are conveniently located downstairs, along with a spacious living area that opens directly to a fenced backyard complete with a private hot tub — perfect for entertaining or relaxing after a day on the trails. Upstairs, you'll find three additional bedrooms and a full bathroom, offering comfort and privacy for family or guests. Above the two-car garage sits a well-appointed 800 sq ft second residence with 2 bedrooms and 1 bathroom. Enjoy peekaboo lake views and stunning sunsets from the bright, open living area — ideal for use as a guest suite, rental unit, or multi-generational living. Whether you're looking to generate rental income, host guests, or simply enjoy the flexibility of a dual-living setup, this property delivers on all fronts. Don't miss this exceptional opportunity to own in one of the most desirable areas near Lake Tahoe.
Single-familyProperty Type
1960Year Built
0.31 acresLot Size
$450Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Nicole Zaborsky•DRE #BS.146514• Ascent Property Group
Bought with Lisa S. Valentine•DRE #BS.143561• Coldwell Banker Select ZC
Bought with Lauren Connolly•DRE #S.202664• Coldwell Banker Select Incline
Newly remodeled 4 bedroom, 2 bath home + 2 bedroom , 1 bath Income apartment. Recent remodel includes, new paint, new carpet, new tile entry and hall, new master bath shower, second bath upgrade, new laundry enclosure, new furnace, new hot water heater and new gas fireplace. This property sits in one of Nevada's most desirable neighborhoods. In addition to the two car garage there is plenty of extra parking for tenants, family and guests. The property is perfect for an extended family or rental income.
NNRMLS #100009957
Nov 8, 2010
Sold
$430,000
$162/sq ft
Sep 24, 2010
Listing Removed
—
Jul 9, 2010
Listed
$470,000
$177/sq ft
+4
$100,000 PRICE REDUCTION ! MOTIVATED SELLER says sell this four bedroom two bath home nestled in one of Nevada's most desirable neighborhoods. The kitchen is newly remodeled, but what makes this property special is a BONUS RENTAL APARTMENT with separate entrance, two bedrooms, full kitchen, living room, and bath. Perfect for an extended family or rental income. The home has been covered by an Old Republic Home Protection Plan since 2000 and will be renewed at the owners expense for another year. , This home is designed to handle the coldest winter with double pane windows that include another set of built in storm windows. All furnishings are negotiable. The rental unit is legal and is currently rented month to month. The property is being sold " AS IS ". Agent to accompany showings if possible with two hour notice.
NNRMLS #100007543
Jul 8, 2010
Listing Removed
—
May 28, 2010
Listed
$659,000
$248/sq ft
NNRMLS #70009273
Dec 2, 2007
Listing Removed
—
May 1, 2007
Listed
$759,000
$285/sq ft
NNRMLS #60010493
Dec 2, 2006
Listing Removed
—
May 5, 2006
Listed
$759,000
$285/sq ft
NNRMLS #50010048
Dec 7, 2005
Listing Removed
—
Jun 7, 2005
Listed
$789,000
$297/sq ft
STARMLS #1177
May 22, 2000
Delisted
—
Feb 1, 2000
Listed
$349,000
$131/sq ft
NNRMLS #1004995
May 18, 2000
Sold
$335,000
$126/sq ft
Feb 1, 2000
Listed
$349,000
$131/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,522 (+2.9%)
$140,000 + $47,665
$187,665
2024
$3,422 (+2.1%)
$131,250 + $47,722
$178,972
2023
$3,353 (+4.2%)
$131,250 + $46,989
$178,239
2022
$3,219 (+3.1%)
$131,250 + $42,350
$173,600
2021
$3,122 (+3.0%)
$113,750 + $38,722
$152,472
2020
$3,030 (+3.0%)
$105,000 + $36,058
$141,058
2019
$2,941 (+3.0%)
$105,000 + $34,692
$139,692
2018
$2,854 (+3.1%)
$100,450 + $33,441
$133,891
2017
$2,768 (+2.8%)
$96,250 + $31,882
$128,132
2016
$2,692 (+3.2%)
$84,000 + $30,950
$114,950
2015
$2,609
$84,000 + $30,490
$114,490
Tax history for 299 Chimney Rock Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,522 (+2.9%)
$140,000 + $47,665
$187,665
2024
$3,422 (+2.1%)
$131,250 + $47,722
$178,972
2023
$3,353 (+4.2%)
$131,250 + $46,989
$178,239
2022
$3,219 (+3.1%)
$131,250 + $42,350
$173,600
2021
$3,122 (+3.0%)
$113,750 + $38,722
$152,472
2020
$3,030 (+3.0%)
$105,000 + $36,058
$141,058
2019
$2,941 (+3.0%)
$105,000 + $34,692
$139,692
2018
$2,854 (+3.1%)
$100,450 + $33,441
$133,891
2017
$2,768 (+2.8%)
$96,250 + $31,882
$128,132
2016
$2,692 (+3.2%)
$84,000 + $30,950
$114,950
2015
$2,609
$84,000 + $30,490
$114,490
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
—
Sq. Ft.
2,660
Year built
1960
Style
Multi-Family (2-4 Unit)
County
Douglas County
APN
131823610012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 16, 2026.
Property details
Parking
Parking Information
# of Garage Spaces: 2
Parking Total: 4
Parking Features: Garage, Parking Pad
Carport YN: No
Has Garage
Interior
Bathroom Information
# of Bathrooms (Full): 3
Interior Features
In-Law Floorplan
Laundry Features: In Hall
Appliances: Dryer, Disposal, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Washer