Exceptional commercial mixed-use opportunity in the heart of Kings Beach, offering a rare blend of residential comfort, business flexibility, and light industrial functionality just blocks from Lake Tahoe. Situated on a spacious and commercially zoned 0.40-acre parcel, this versatile live/work property is ideal for contractors, entrepreneurs, tradespeople, investors, or anyone seeking a dynamic mountain business compound with income potential and outstanding utility. The extensively remodeled 3-bedroom, 2-bath residence was thoughtfully updated in 2021 and showcases quality finishes throughout, including a beautifully redesigned kitchen, updated bathrooms, hardwood flooring, heated tile floors, underfloor heating in key living areas, insta-hot water, forced air heating, and a cozy fireplace with wood stove insert. The property offers an inviting residential setting with fenced front and back yards, lush lawn areas, mature trees, outdoor patio space, plant nursery storage, covered parking, and abundant off-street parking with a carport and oversized 4-car driveway. Adding to the property's flexibility is the attached office/studio suite with private entrance, half bath, heating, and three dedicated parking spaces?perfect for a professional office, design studio, client-facing business, guest quarters, or potential rental income opportunity. The adjacent paved industrial yard further elevates the property's value, featuring approved light industrial use, separate electrical service, storage sheds, truck and equipment coverage, and ample room for contractor storage, fleet parking, equipment staging, landscaping operations, or business expansion. Commercial and light industrial zoning create exceptional flexibility rarely found in the North Lake Tahoe market. Whether you are searching for a Tahoe contractor yard, live/work investment property, commercial headquarters, business storage facility, mixed-use development opportunity, or a flexible mountain property with residential and industrial components, this unique offering delivers location, versatility, functionality, and long-term upside in one of Tahoe's most sought-after communities.