$3,150,000 $3,595,000 ↓ $445,000 reduced Active Under Contract
2067 Aloha Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
4 Beds
·
2.5 Baths
·
3,845 Sq Ft
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About This Property

Experience the very best of Tahoe Keys waterfront living in this beautifully updated 4-bedroom, 2.5 -bath home with a 2-car garage and an exceptionally large private boat dock, offering easy access to the main channel and the open waters of Lake Tahoe. Ideally situated on a wide channel with sweeping 180-degree views of Heavenly Valley and Mt. Tallac, this exceptional legendary setting enjoys outstanding sun exposure and showcases Tahoe's ever-changing beauty.Thoughtfully designed with expansive living spaces, soaring ceilings, wet bars and dramatic open-beam architecture, this inviting mountain retreat blends timeless Tahoe character with modern comforts. Recent improvements include a beautifully remodeled kitchen w/all new stainless steel appliances, including an electric radiant cooktop & downdraft, updated bathrooms, new flooring, and fresh interior paint throughout, creating a move-in-ready home to enjoy for years to come.Abundant natural light fills the spacious floor plan, while multiple indoor and outdoor gathering spaces provide the perfect setting for entertaining family and friends or simply relaxing beside the water. Whether enjoying morning coffee on the deck, an afternoon cruise from your private dock, or watching the alpenglow settle over Mt. Tallac, this home captures the essence of Tahoe living.Rarely found, the oversized private boat dock provides generous space for multiple boats and watercraft and offers effortless access to Lake Tahoe's endless boating adventures, making it an exceptional amenity for those who appreciate life on the water. Who needs a backyard to maintain, when you have a deck overlooking a large Tahoe Keys channel and the lake around the bend?Located in the highly sought-after Tahoe Keys community, residents enjoy an exceptional lifestyle with access to private beaches, indoor and outdoor swimming pools, tennis and pickleball courts, pier, parks, and miles of scenic waterways. Just minutes from Heavenly Mountain Resort, championship golf courses, hiking and biking trails, dining, and all that South Lake Tahoe has to offer, this remarkable property presents the ultimate blend of waterfront recreation, modern comfort, and year-round mountain living.

Listed by Pamela Francis — Compass

Listing Details

Status Active Under Contract
MLS # 143048
Days on Market 93
Sold Date 1800-01-01
Price/Sq Ft $819

Property History

Jun 12, 2026
Listed for sale
$3,595,000
Jul 11, 2026
Price reduced
$3,419,000 $3,595,000 ↓ $176,000
Aug 27, 2026
Price reduced
$3,150,000 $3,419,000 ↓ $269,000
Aug 30, 2026
Pending
$3,150,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 1989 · county record $525,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 2.5
Sq. Ft. 3,845
Lot Size 0.33 acres
Year Built 1985
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Keys Units 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022301017000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Cul-De-Sac, Water Front
View Mountains, Lagoon
Construction Wood Frame, Masonry, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Hot Water System, Baseboard
Financial
HOA Fee $1,685 / Quarterly
HOA & Community
Community Amenities Pool, Hot Tub, Club House, Security, Beach, Dock, Pier, Park
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,709 sq ft covered of 1,133 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
14,441 sq ft
Allowed Coverage
1,133 sq ft · 8%
Existing Coverage
2,709 sq ft · 19%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($630,000)
Home price
$3,150,000
Loan details
30-yr fixed, 6.5%
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