$699,000 Active
357 Ala Wai Boulevard #219
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
·
2.0 Baths
·
1,400 Sq Ft
Virtual Tour

About This Property

Surround yourself with the beauty of Lake Tahoe and all the Tahoe Keys amenities at your fingertips. Enjoy the lake view from your living room, kitchen and upstairs bedroom. Directly across the street are pickleball courts, volleyball on the beach, private HOA beach access, playground and pool. The boat dock has one of the best locations in the Keys for lake access with a sweeping view of the Sierra Mountains from the pier.Lovingly owned, this townhome has been well cared for by its owners.The comfortable, open floor plan is great for entertaining. The kitchen has plenty of storage and comes furnished - just bring the groceries. A large, downstairs bedroom doubles as an office as it has sleeper sofa, giving plenty of space to work or play. With walk-in closets in two of the bedrooms and extra storage downstairs and off the patio, there is plenty of room for all types of toys.The two upstairs bedrooms are both spacious with picturesque windows. Spend your nights watching the sunset from your upstairs deck and gazing into the evening stars. This home comes furnished and turnkey, making for an easy move into endless play days at Lake Tahoe.The Tahoe Keys Property Owner's Association has an indoor 25m lap pool and an outdoor pool, along with two outdoor spas, changing rooms, and showers. There are also tennis courts, pickleball courts, and a regulation-sized basketball court. A playground for children, walking trails for wildlife observation, and a private pavilion for events. In addition, the association offers private security patrols for residents. The Tahoe Keys Marina offers boat storage, jet skis, pontoons rentals and fuel.

Listed by Ellen Camacho — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 142730
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $499

Property History

Apr 24, 2026
Listed for sale
$699,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,400
Lot Size 0.02 acres
Year Built 1966
Property Type Townhouse
Style Split Level
Subdivision Cove Townhouses 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022101034000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Boat Dock
View Mountains,Lake
Construction Wood Frame,Wood Siding
Foundation Slab
Utilities & Systems
Heating Forced Air
Cooling Forced Air
Financial
HOA Fee $4,430 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,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 — 357 Ala Wai Boulevard #219, South Lake Tahoe

Est. Annual Revenue
$60,227
Avg Nightly Rate
$432
Projected Occupancy
38.2%
Cap Rate
3.4%
Structural Score: 52 / 100 (Standard) · 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($139,800)
Home price
$699,000
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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