Sold $675,000 $685,000 Closed
357 Ala Wai Boulevard #205
South Lake Tahoe, CA 96150

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SOLD 2026-03-13
Sold for $675,000 (listed at $685,000)
3 Beds
·
2.0 Baths
·
1,287 Sq Ft
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About This Property

Get ready for summer in this stunning waterfront condo located in the highly sought-after Tahoe Keys community! Perfectly positioned to capture breathtaking views of Heavenly Mountain, this beautifully maintained unit offers the ultimate Lake Tahoe lifestyle.Wake up in your spacious bedroom and take in serene water views right from your window with your private boat dock just steps from your patio. Whether you're spending your day on the lake or simply soaking in the mountain air, the setting here is truly one-of-a-kind.Directly across the street, enjoy unbeatable access to the private homeowner's beach, outdoor pool, tennis courts, park, and more. Inside, the open layout is filled with natural light and offers plenty of space for relaxing or entertaining. The living area features a cozy fireplace and opens to a waterside patio where you can enjoy sunsets and watch the boats cruise by.The kitchen flows seamlessly into the main living space, complete with stylish laminate wood flooring and plenty of cabinetry. This fully furnished condo also offers generously sized bedrooms, ceiling fans for added comfort, and great storage throughout.As a resident of the Tahoe Keys HOA, you'll have access to an impressive array of amenities including indoor and outdoor pools, hot tubs, a fitness center, marina, tennis and pickleball courts, private beaches, and more.Located just minutes from Heavenly Ski Resort, Heavenly Village, restaurants, shops, and the Stateline casinos, this is your gateway to year-round adventure.Whether you're looking for a turnkey second home or a full-time Tahoe escape, this is waterfront living at its best.

Listed by Fernanda De Paula Dozier — Real Brokerage Technologies

Listing Details

Status Closed
MLS # 142533
Sold Date 2026-03-13
Sold Price $675,000
Price/Sq Ft $532

Property History

Feb 23, 2026
Listed for sale
$685,000
Current
Sold
$675,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,287
Lot Size 0.02 acres
Year Built 1966
Property Type Townhouse
Subdivision Cove Townhouses 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022101020000
Exterior & Lot
Exterior Features Storage Shed, Boat Dock
Lot Features Water Front
View Mountains, Lagoon, Meadow, Ski Resort
Construction Wood Frame, Wood Siding
Roof Pitched, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $4,683 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Hot Tub, Club House, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Park

STR Investment Summary — 357 Ala Wai Boulevard #205, 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: 47 / 100 (Standard) · STR Zone: Red

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,200 – $2,500/yr
about $196/mo
Est. Rebuild Cost (Coverage A)
$386,100
FAIR Plan (fire)
$1,800/yr
DIC wrap (theft, water, liability)
$400 – $700/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
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