$299,000 $355,000 ↓ $56,000 reduced Active
439 Ala Wai Boulevard #106
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. 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.
1 Beds
·
1.0 Baths
·
702 Sq Ft
Virtual Tour

About This Property

Cozy Mountain Retreat with Beach-Style Living!Welcome to this charming one-story condo in the heart of Tahoe Keys, located in the desirable Cove 3B. Enjoy the best of both worlds. With mountain serenity and beach vibes in this delightful 1-bedroom, 1-bath retreat featuring an open floor plan, new Fridge, Electric Stove, washer & Dryer and cozy gas fireplace.Convenience is key with single-level living and easy accessjust pull right up and move in! Take in the lovely views, relax by the fire, or step outside to enjoy all the amazing Tahoe Keys amenities: Beach & Harbor, indoor/outdoor pools, clubhouse, tennis courts, and more.This unit even includes a boat slip and is just a short walk to the lakeperfect for water lovers and outdoor enthusiasts alike. Whether you're looking for a full-time residence, weekend escape, or investment opportunity, this cozy condo offers it all.

Listed by Dennelle Knudson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 141393
Days on Market 512
Sold Date 1800-01-01
Price/Sq Ft $426

Property History

Apr 11, 2025
Listed for sale
$355,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2021 · county record $265,000 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 1
Baths 1.0
Sq. Ft. 702
Lot Size 0.02 acres
Year Built 1970
Property Type Condominium
Subdivision Cove South B
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022281006000
Exterior & Lot
Exterior Features Boat Slip, Boat Dock
Lot Features Lake Front, Water Front
View Mountains, None
Construction Wood Frame, Masonry
Roof Flat
Foundation Concrete/Crawl Space, Slab
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Wall or Space Heater, Fireplace
Financial
HOA Fee $1,650 / Monthly
HOA & Community
Community Amenities Pool, Tennis, Sauna, Spa, Club House, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
48
PROJECTED GROSS ANNUAL REVENUE
$15K – $40K typically ~$25,000
~$2,083 per month
Avg Nightly
$132
Occupancy
52%
Cap Rate
3.3%

STR Investment Summary — 439 Ala Wai Boulevard #106, 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.
Est. Gross Annual Revenue
$15K – $40K
typically ~$25,000
Avg Nightly Rate
$132
Projected Occupancy
52.0%
Cap Rate
3.3%
Structural Score: 48 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
769 sq ft covered of 255 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
851 sq ft
Allowed Coverage
255 sq ft · 30%
Existing Coverage
769 sq ft · 90%
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 ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
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