About This Property
Set within the coveted Tahoe Keys community, this beautifully updated waterfront townhome offers an exceptional blend of comfort, scenery, and lifestyle. With full access to community amenities and direct lake access nearby, the home includes a private boat slip conveniently located just steps away.Inside, thoughtful updates and an abundance of natural light highlight stunning views of the marina and Heavenly Ski Resort. The main living area is designed for both relaxation and entertaining, featuring soaring ceilings, expansive windows, and a cozy gas fireplace that anchors the space. Rich cherry wood cabinetry, granite tile countertops, and natural stone floors define the kitchen, creating a warm and functional gathering place.The lower level provides a peaceful retreat, where the bedroom features heated floors and custom built-in wardrobe storage. A bonus area on this level offers flexibility for a home office or taxa storage and closet space. The adjacent bathroom is finished with elegant travertine and stone and a stacked washer and dryer.Additional upgrades throughout the home include gleaming hardwood floors, heated entryway flooring, custom wood-clad windows and sliders, designer lighting, and smart thermostats for enhanced comfort and efficiency. Step outside to a private, sun-filled deck, an ideal spot for morning coffee or evening get-togethers while taking in the serene waterfront setting.Surrounded by year-round recreation including hiking, biking, and cross-country skiing, this partially furnished residence presents a rare opportunity for a turnkey mountain retreat or full-time lakeside living.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2023 · county record | $605,000 | Deed record — brokerage sides not reported | |
| Aug 2026 · this listing | $410,000 (-32%) | Demian BlackSierra Sotheby's International Realty | Billy F Wilkes IIIRedfin Corporation |
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.
STR Investment Summary — 489 Tahoe Keys Boulevard #46, South Lake Tahoe
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
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 ↗
