Sold $660,000 $718,000 Closed
439 Ala Wai Boulevard #117
South Lake Tahoe, CA 96150

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SOLD 2026-07-09
Sold for $660,000 (listed at $718,000)
3 Beds
·
3.0 Baths
·
1,462 Sq Ft
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About This Property

Waterfront Townhouse in the Tahoe Keys. This 3-bedroom, 3-bath townhouse is a rare corner unit offering beautiful water and mountain views along with abundant natural light. The downstairs living area features updated laminate flooring, open beam ceilings, and a cozy wood-burning fireplace. Just off the living room is a private waterfront patio with a storage area, a spacious grassy lawn, and an easy-to-navigate deep-water boat slip that will accommidate up to a 30 foot boat.The main level also includes a bedroom and full bathroom. Upstairs are two bedrooms and two bathrooms including a primary suite with panoramic views and an en-suite bathroom. The suite has a private balcony with southern and western mountain views complete with a hammock to relax in after a day on the lake.Additional features include an oversized dedicated parking space with room for bikes directly out front, a new forced-air heating system, new water heater, and newer double-pane windows.Whether you're looking for a second home, short-term rental opportunity, or full-time residence, this waterfront townhouse offers a great setting in the Tahoe Keys.Tahoe Keys homeowners enjoy access to tennis courts, pickleball and basketball courts, indoor and outdoor pools, private beaches, security, and more.The bulkhead in this cove was recently replaced, and the assessment has already been paid in full!

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Closed
MLS # 142824
Sold Date 2026-07-09
Sold Price $660,000
Price/Sq Ft $491

Property History

Apr 29, 2026
Listed for sale
$718,000
Current
Sold
$660,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,462
Lot Size 0.03 acres
Stories 2
Year Built 1971
Property Type Townhouse
Subdivision Cove South C
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022361029000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Boat Slip
Lot Features Water Front
View Mountains,Lagoon
Construction Wood Frame,Vinyl Siding
Roof Pitched
Foundation Slab
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA Fee $5,335 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Hot Tub,Additional Parking,Security,Beach,Dock,Pier,Boat Launch,Park,Other/See Remarks

STR Investment Summary — 439 Ala Wai Boulevard #117, 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: 54 / 100 (Standard) · 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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