Sold $650,000 $745,000 Closed
489 Tahoe Keys Boulevard #55
South Lake Tahoe, CA 96150

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SOLD 2026-03-19
Sold for $650,000 (listed at $745,000)
3 Beds
·
2.5 Baths
·
1,521 Sq Ft
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About This Property

Inviting Exceptional Two-Unit Property in Tahoe KeysDiscover a unique opportunity to own a remarkable property in Tahoe Keys, featuring **two separate living units** included in the price. This versatile setup is ideal for families, guests, or rental potential.Downstairs Unit:The charming studio unit offers private entry, a full kitchen, great room and sliding glass door that opens to a grassy area, providing direct access through gates to your private docks. Enjoy breathtaking views of the mountains, tranquil waters, and scenic docks, creating a perfect retreat for relaxation. Full kitchen.Upstairs Unit:The spacious two-bedroom, one-and-a-half-bath unit features stunning views from every window, showcasing the majestic mountains and serene canals. With some tasteful upgrades, this unit includes a cozy gas fireplace and access to two upper decks, perfect for entertaining or enjoying the fresh mountain air. The downstairs patio overlooks the channel waters, docks, and beautiful mountain backdrop, providing an ideal outdoor space for gatherings.Key Features Include:- Two distinct living units - Vaulted ceilings in the upstairs unit - Single-car garage - Two (2) private docks for your convenience Community Amenities:As part of the Tahoe Keys community, you'll have access to a variety of exceptional amenities, including private beaches, tennis courts, Pickleball, volleyball, and both indoor and outdoor swimming pools. With 24/7 security, you can enjoy peace of mind while taking advantage of all the recreational activities and natural beauty this vibrant neighborhood has to offer.This well-maintained property boasts breathtaking panoramic views of the mountains, picturesque keys channels, and the stunning Sierra Nevada mountains year-round. Don't miss your chance to own this incredible two-unit property in Tahoe Keysyour perfect slice of paradise awaits!

Listed by Tiffany Grimes — Re/Max Gold South Lake Tahoe

Listing Details

Status Closed
MLS # 142208
Sold Date 2026-03-19
Sold Price $650,000
Price/Sq Ft $490

Property History

Sep 20, 2025
Listed for sale
$780,000
Current
Sold
$650,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,521
Lot Size 0.02 acres
Year Built 1975
Property Type Townhouse
Style Split Level
Subdivision Cove South Townhouses
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022421056000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip
Lot Features Backs to Lagoon
View Mountains, Lagoon
Construction Wood Frame
Roof Pitched, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air
Financial
HOA Fee $4,037 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Club House, Additional Parking, Security, Beach, Pier, Boat Launch, Other/See Remarks

STR Investment Summary — 489 Tahoe Keys Boulevard #55, 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: 69 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

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

$2,500 – $2,900/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$456,300
FAIR Plan (fire)
$2,100/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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