$499,000
477 Ala Wai Boulevard #91
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.
2 Beds
·
1.5 Baths
·
900 Sq Ft

About This Property

There is so much to love about this completely remodeled, turnkey, beautiful townhome in the Tahoe Keys. Step out the door and onto your boat for endless summer fun - or relax on one of the decks while soaking in the mountain and lake views while watching boats come in and out of the channel. The main level has a lovely living area centered by a gas fireplace, a deck, the kitchen and dining room and a powder room. Upstairs hosts two bedrooms and a full bathroom. Updates include quartz countertops, hickory cabinets, new appliances, LVP flooring throughout, the back deck and railing, paint, baseboards and so much more. The TKPOA has wonderful amenities including an indoor and outdoor pool, hot tubs, tennis and basketball courts, a pier and private security. Just minutes to all that South Shore has to offer - welcome home!

Listed by Chris Hernandez — Compass

Listing Details

Status Active
MLS # 142191
Days on Market 199
Sold Date 1800-01-01
Price/Sq Ft $554

Property History

Sep 16, 2025
Listed for sale
$499,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 900
Lot Size 0.01 acres
Stories 3
Year Built 1973
Property Type Townhouse
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022411002000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip
Lot Features Water Front
View Canal,Mountains,Meadow,Lake,Forest
Construction Wood Frame
Roof Pitched,Composition
Foundation Slab
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA Fee $4,530 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Hot Tub,Club House,Additional Parking,Security,Beach,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 — 477 Ala Wai Boulevard #91, South Lake Tahoe

Est. Annual Revenue
$47,419
Avg Nightly Rate
$328
Projected Occupancy
39.2%
Cap Rate
3.8%
Structural Score: 57 / 100 (Premium) · 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% ($99,800)
Home price
$499,000
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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