$2,495,000 Closed
2202 Balboa Drive
South Lake Tahoe, CA 96150
SOLD 2026-01-06
Sold for $2,495,000
4 Beds
·
4.0 Baths
·
3,285 Sq Ft
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About This Property

Priced below market value for an immediate sale!!!Luxurious Tahoe Keys Waterfront Retreat - 2202 Balboa Drive ---Nestled on one of the most desirable streets in the prestigious Tahoe Keys, 2202 Balboa Drive offers an exceptional combination of luxury, craftsmanship, and lakeside living. With 85 feet of water frontage, a private dock, an overwater deck, and a spacious yard, this property provides effortless lake access and rare privacy -an ideal South Lake Tahoe retreat. --Extensively renovated and expanded in 2015 by a respected local builder, the home showcases meticulous attention to design and detail throughout. The open-concept main level is designed for entertaining, with seamless flow between indoor and outdoor spaces. The chef's kitchen features professional-grade Viking appliances, including a 48-inch, 8-burner range, a built-in refrigerator, hammered copper sink, and extensive knotty alder cabinetry. A large island bar provides casual seating and connects to the inviting living area, while a semi-formal dining space is perfect for family gatherings and holiday dinners. Also on the main level are a convenient office nook, pantry closet, full bathroom, laundry room, and guest bedroom for comfortable, flexible living. --Upstairs, a spacious family room overlooks the lagoon through a dramatic wall of windows and opens to a private balcony. Vaulted tongue-and-groove cedar ceilings, an Xtrordinair gas fireplace with a custom log mantle and solid stone surround, and built-in surround sound create a warm and inviting atmosphere. The adjacent wet bar features leathered granite counters, a beverage fridge, custom cork backsplash, and generous cabinetry ideal for entertaining. --The primary suite offers vaulted cedar ceilings, dual walk-in closets, and a luxurious ensuite bath with a freestanding soaking tub, double vanity, walk-in shower, and heated tile floors. A secondary bedroom suite includes an updated bathroom and balcony access, while a third bedroom and shared full bath complete the upper level. --Exterior upgrades include a lifetime composition roof, Milgard windows and sliding doors, and durable LP Smart Siding. The rare double-deep four-car garage features an 8-by-18-foot solid wood door and rear access to the backyard for easy launching and storage of kayaks and paddleboards. Interior finishes include solid knotty alder doors and millwork, hickory hardwood and travertine tile flooring, custom wainscoting, and numerous built-ins that highlight the home's exceptional craftsmanship. --The backyard is a true outdoor oasis, with mature trees, a paver patio, a built-in BBQ and grilling station, and a relaxing hot tub. Enjoy stunning views of Mount Tallac, a sandy beach, and a U-shaped dock with space for multiple boats. This beautifully updated waterfront home combines comfort, quality, and location in one of L

Listed by Michael Keller — Keller Properties

Listing Details

Status Closed
MLS # 142306
Sold Date 2026-01-06
Sold Price $2,495,000
Price/Sq Ft $760

Property History

Nov 04, 2025
Listed for sale
$2,595,000
Current
Sold
$2,495,000
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 3,285
Lot Size 0.24 acres
Year Built 2015
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022061048000
Parking
Garage Spaces 4
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip, Boat Dock
Lot Features Cul-De-Sac, Lake Front, Water Front, Backs to Lagoon
View Canal, Mountains, Lagoon, Forest, Ski Resort
Construction Wood Frame, Masonry, Wood Siding, Rock
Roof Composition, Shingle
Foundation Concrete/Crawl Space, Slab
Utilities & Systems
Heating Electric, Baseboard, Fireplace, Radiant Heat-Floor
Financial
HOA Fee $1,510 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Hot Tub, Club House, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park

STR Investment Summary — 2202 Balboa Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 77 / 100 (Luxury) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
1,790 sq ft covered of 2,024 sq ft allowed
234 sq ft of coverage still available to add.
Parcel Size
10,250 sq ft
Allowed Coverage
2,024 sq ft · 20%
Existing Coverage
1,790 sq ft · 17%
Addable Coverage
234 sq ft
Land Capability · TRPA-verified
1b, 6
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 ↗ How the Basin compares
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