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About This Property
At the very end of the Tahoe Keys, the water feels less like an amenity and more like the setting. This townhome sits in the last cove before open water, where the walk to your boat slip comes with a view of Heavenly and the marina fuel dock is right on the way out. The slip is protected by a rip rap stone wall rather than the steel bulkhead system, removing one of the biggest assessment unknowns for waterfront buyers.Inside, the home has the warmth people hope for in Tahoe without feeling overdone. The main level is reached without stairs and opens to a comfortable living area with exposed beams, pine ceilings, walnut-finish LVP flooring, and a brick surround gas fireplace. The kitchen opens naturally to the living and dining areas, with knotty alder cabinetry, slab granite counters, stainless appliances, and an elevated bar for extra seating.The back deck carries the living space outside with room to barbecue and a small view of the lake. Upstairs, the main bedroom has its own private balcony and lake view, with two additional bedrooms and a second bath nearby. The property is offered fully furnished and ready to use, down to the linens. Across the street, the Tahoe Keys amenities bring the private beach, pool, pier, courts, dog park, and marina lifestyle within easy reach. Add in the upcoming Suntex marina improvements and the City's updated VHR ordinance allowing condo and townhome STR permits, and the upside is hard to ignore.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2006 · county record | $570,000 | 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.
STR Investment Analysis
Red ZoneSTR Investment Summary — 357 Ala Wai Boulevard #209, South Lake Tahoe
Home Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
