$499,000
489 Tahoe Keys Boulevard #47
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
·
2.0 Baths
·
845 Sq Ft
·
435 Lot
Virtual Tour

About This Property

Welcome to your ultimate year-round retreat in Tahoe Keys. Whether you are catching first chair at Heavenly Mountain Resort just ten minutes away, or looking forward to summer adventures with your own private boat slip, this beautifully updated waterfront townhome delivers the absolute best of Tahoe.The simple yet sophisticated layout offers ultimate comfort for weekend getaways or full-time mountain living. Downstairs, the primary suite offers a peaceful escape, featuring a private bathroom and a patio that opens to water views. Upstairs, you are welcomed into an airy, open-concept main level with a renovated two-story fireplace, updated flooring and another bathroom. The modern kitchen is equipped with stainless steel appliances, while the adjoining deck provides a great space to relax outdoors. A loft-style second bedroom is on the upper level. Living in the Tahoe Keys means you are stepping into an incredible community lifestyle where you'll have access to wonderful amenities including indoor and outdoor pools, private beaches, tennis and pickleball courts, basketball hoops, a playground, and a community pier. Do not miss this opportunity to easily transition between snowy alpine winters and sunny days on the water in your own slice of Tahoe paradise.

Listed by Kate Wilkins — Compass

Listing Details

Status Active
MLS # 142668
Sold Date 1800-01-01
Price/Sq Ft $591

Property History

Apr 01, 2026
Listed for sale
$499,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 845
Lot Size 0.01 acres
Stories 3
Year Built 1975
Property Type Townhouse
Style Contemporary
Subdivision Cove Townhouses
APN 022421048000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Boat Slip,Boat Dock
Lot Features Water Front
View Mountains,Lake
Utilities & Systems
Heating Forced Air,Fireplace
Cooling Forced Air,Fireplace
Financial
HOA Fee $1,375 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Hot Tub,Club House,Beach,Dock,Pier,Boat Launch,Marina,Park
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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%

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
Real Estate Agent
License #CA 02235314

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