$2,188,000 Active
336 Ala Wai Boulevard #254
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. 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.
3 Beds
·
2.5 Baths
·
1,560 Sq Ft
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About This Property

Completely renovated Tahoe Keys waterfront townhouse with stunning meadow, mountain and Lake Tahoe views! Located in the desirable, gated Tahoe Marina Shores subdivision, this exceptional residence has been extensively renovated inside and out with high-end custom finishes throughout.The chef's kitchen is designed for entertaining and features quartz and granite slab countertops, custom cabinetry, stainless steel appliances and a commercial-style gas cooktop with a convenient pot filler. The adjoining living area showcases spectacular meadow, mountain, and lake views, a sleek modern gas fireplace and dual sliding glass doors that open to a spacious deck overlooking the main channel and protected wildlife habitat.Upstairs, the primary suite is a true retreat with vaulted ceilings, a private balcony capturing beautiful lake, mountain, and meadow views, a built-in coffee bar, fireplace and a luxurious en suite bathroom. The spa-inspired bath features heated floors, a custom tile walk-in shower, jetted soaking tub and an updated vanity. Two additional guest bedrooms feature tall vaulted ceilings and share a beautifully renovated full bathroom. Located downstairs there is an additional updated bathroom, separate laundry room and storage area.Boaters will appreciate the included deep-water boat slip with easy navigation and quick access to Lake Tahoe, able to accommodate a 25 foot boat. Tahoe Marina Shores offers a private gated setting along with access to the extensive Tahoe Keys amenities, including Tennis/Pickleball courts, private beach access with a pier, outdoor pool and newly renovated indoor pool and jacuzzis making this an exceptional opportunity to enjoy the ultimate Lake Tahoe waterfront lifestyle.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143397
Days on Market 45
Price/Sq Ft $1,403

Property History

Aug 25, 2026
Listed for sale
$2,188,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2016 · county record $1,150,000 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 3
Baths 2.5
Sq. Ft. 1,560
Lot Size 0.02 acres
Year Built 1971
Property Type Townhouse
Style Contemporary
Subdivision Tahoe Marina Shores 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022371004000
Exterior & Lot
Exterior Features Boat Slip
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon, Meadow, Lake, Ski Resort
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,866 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
62
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.

STR Investment Summary — 336 Ala Wai Boulevard #254, 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: 62 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
922 sq ft covered of 249 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
929 sq ft
Allowed Coverage
249 sq ft · 27%
Existing Coverage
922 sq ft · 99%
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 ↗ How the Basin compares

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

$13,764 per month
Principal & interest
$11,064/mo
Property taxes
$1,996/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$466/mo
From MLS listing data.
Home insurance
$238/mo
CA FAIR Plan + DIC estimate, ~$2,600–$3,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($437,600)
Home price
$2,188,000
Loan details
30-yr fixed, 6.5%
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