Sold $700,000 $725,000 Closed
439 Ala Wai Boulevard #121
South Lake Tahoe, CA 96150

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SOLD 2025-10-28
Sold for $700,000 (listed at $725,000)
3 Beds
·
3.0 Baths
·
1,462 Sq Ft

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It sold for $700,000 on 2025-10-28, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

About This Property

A beautiful and updated three bedroom, three bathroom end unit in the Tahoe Keys with expansive water and mountain views! The bottom level offers the open living space with a lovely gas fireplace and slider that opens up to the patio, lawn and boat dock. The kitchen has a large breakfast bar with the built-in beverage fridge, silestone quartz countertops and cherry cabinets. One bedroom and a full bathroom complete this floor. Upstairs, the primary suite opens up to the big views of Heavenly and Freel Peak and the deck and railings have just been redone. The third bedroom and full bath finish off the upper level. The bulkhead for this cove has been replaced and paid for - an extra bonus in the Tahoe Keys! Other upgrades include new double pane windows, luxury vinyl plank floors, new electrical circuit breakers and wiring. The Tahoe Keys POA has a plethora of amenities including an indoor and outdoor pool, hot tubs, a private beach, tennis, pickleball and basketball courts, private security and so much more. Just minutes to world class skiing and golfing, the casinos, endless outdoor activities and all that South Shore has to offer!

Listed by Chris Hernandez — Compass

Listing Details

Status Closed
MLS # 140669
Sold Date 2025-10-28
Sold Price $700,000
Price/Sq Ft $496

Property History

Aug 21, 2024
Listed for sale
$860,000
Current
Sold
$700,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,462
Lot Size 0.03 acres
Year Built 1971
Property Type Townhouse
Subdivision Cove South 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022361025000
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front
View Mountains, Forest, Ski Resort, Other/See Remarks
Construction Wood Frame, Rock
Roof Flat
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,596 / Monthly
HOA & Community
Community Amenities Pool, Tennis, Spa, Club House, Additional Parking, Security, Beach, Pier, Boat Launch, Marina, Park

STR Investment Summary — 439 Ala Wai Boulevard #121, 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: 56 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

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

$2,400 – $2,800/yr
about $217/mo
Est. Rebuild Cost (Coverage A)
$438,600
FAIR Plan (fire)
$2,000/yr
DIC wrap (theft, water, liability)
$400 – $800/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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