$369,000
439 Ala Wai Boulevard #161
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.
1 Beds
·
1.0 Baths
·
702 Sq Ft

About This Property

Welcome to your Tahoe Keys getaway! This charming single-story condo features one bedroom and one bathroom, offering a cozy and comfortable retreat. Centered by a showpiece pot-belly fireplace with an open concept living space, the bedroom is split off by accordion doors to give plenty of privacy. Enjoy the convenience of a boat dock just steps away for endless summer fun on the lake. From the condo, views of the tennis courts, open space and mountains offer a mix of entertainment and tranquility. The bulkhead assessment has been paid and the Tahoe Keys POA features two pools, private beaches, hot tubs, tennis courts, a playground, security and so much more. Embrace the lake lifestyle in this wonderful condo!

Listed by Chris Hernandez — Compass

Listing Details

Status Active
MLS # 142451
Days on Market 71
Sold Date 1800-01-01
Price/Sq Ft $526

Property History

Jan 21, 2026
Listed for sale
$369,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 702
Lot Size 0.02 acres
Stories 1
Year Built 1969
Property Type Condominium
Subdivision Cove South 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022271018000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Boat Dock
View Mountains,Forest,Other/See Remarks
Construction Wood Frame,Rock
Roof Flat
Foundation Slab,Wood
Utilities & Systems
Heating Wall or Space Heater,Fireplace
Cooling Wall or Space Heater,Fireplace
Financial
HOA Fee $4,884 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Hot Tub,Club House,Additional Parking,Security,Beach,Dock,Pier,Boat Launch,Marina,Park
📊

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 — 439 Ala Wai Boulevard #161, South Lake Tahoe

Est. Annual Revenue
$51,435
Avg Nightly Rate
$297
Projected Occupancy
45.3%
Cap Rate
5.6%
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% ($73,800)
Home price
$369,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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License #CA 02235314
Email 9166671444

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