$2,250,000 Active
336 Ala Wai Boulevard #259
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
3.0 Baths
·
1,694 Sq Ft

About This Property

Nestled within the prestigious gated enclave of Tahoe Marina Shores in the Tahoe Keys, this fully reimagined waterfront residence delivers elevated alpine luxury with direct marina access, breathtaking panoramic lake & mountain views, and a coveted boat-from-your-backyard lifestyle. Completely renovated down to the studs with impeccable craftsmanship and designer finishes throughout, this 3-bedroom, 3-bath luxury retreat offers the rare combination of sophistication, serenity, and the ultimate tahoe lifestyle. Walls of glass frame sweeping 180-degree views of the surrounding Sierra mountains, creating a seamless indoor-outdoor connection flooded with natural light. The open-concept great room features soaring ceilings, radiant tile floors, custom millwork, and a statement fireplace designed for elevated entertaining after days on the lake or slopes. The chef's kitchen is a showpiece, appointed with premium appliances, stone countertops, custom cabinetry, and an oversized island designed for effortless gatherings overlooking the waterway and mountain skyline. The primary suite is a private retreat with vaulted ceilings, panoramic views, spa-inspired bath amenities, radiant heated floors, and tranquil waterfront vistas. Two additional guest suites offer luxurious accommodations for family and guests, each thoughtfully designed with refined contemporary finishes. Step outside to expansive waterfront decks and landscape, ideal for sunset dining, aprs-ski gatherings, or launching directly from your private boat dock into the crystal-blue waters of Lake Tahoe. Positioned within one of South Lake Tahoe's most exclusive gated communities, the property offers privacy, security, and unrivaled access to boating, skiing, hiking, and year-round recreation. Enjoy full access to Tahoe Keys amenities, including indoor and outdoor pools & spas, two private beaches, pier access, tennis and pickleball courts, parks & scenic walking paths just steps from your door. A rare turnkey offering where every details has been curated for effortless lake living.

Listed by Lorrie Davidson — Re/Max Gold Realty

Listing Details

Status Active
MLS # 142887
Sold Date 1800-01-01
Price/Sq Ft $1,328

Property History

May 08, 2026
Listed for sale
$2,250,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,694
Stories 2
Year Built 1969
Property Type Townhouse
Style Contemporary
Subdivision Tahoe Marina Shores 1
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022092018000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed,Tennis Courts,Boat Slip
Lot Features Lake Front,Water Front
View Mountains,Lagoon,Meadow,Lake,Ski Resort
Construction Wood Frame,Vinyl Siding
Roof Metal
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace,Radiant Heat-Floor
Cooling Forced Air,Natural Gas,Fireplace,Radiant Heat-Floor
Financial
HOA Fee $1,833 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Hot Tub,Club House,Additional Parking,Security,Beach,Dock,Pier,Boat Launch,Marina,Park
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STR Investment Analysis

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

STR Investment Analysis

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

STR Investment Summary — 336 Ala Wai Boulevard #259, South Lake Tahoe

Est. Annual Revenue
$69,282
Avg Nightly Rate
$608
Projected Occupancy
34.0%
Cap Rate
1.2%
Structural Score: 63 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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% ($450,000)
Home price
$2,250,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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