Sold $485,000 $499,000 Closed
489 Tahoe Keys Boulevard #47
South Lake Tahoe, CA 96150

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SOLD 2026-05-05
Sold for $485,000 (listed at $499,000)
2 Beds
·
2.0 Baths
·
845 Sq Ft
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It sold for $485,000 on 2026-05-05, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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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 Closed
MLS # 20260467
Sold Date 2026-05-05
Sold Price $485,000
Price/Sq Ft $591

Property History

Apr 01, 2026
Listed for sale
$499,000
Current
Sold
$485,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2023 $598,000 Peter DelilliSierra Sotheby's International Realty —
May 2026 $485,000 (-19%) Kate WilkinsCompass Peter DelilliSierra Sotheby's International Realty

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.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 845
Year Built 1975
Property Type Residential
Style Contemporary
Subdivision SurroundingArea
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022421048000
Parking
Parking Features None
Exterior & Lot
View Lake, Mountain(s)
Financial
HOA Fee $1,574 / Monthly
HOA & Community
Community Amenities Beach Access, Pool, Tennis Court(s)

STR Investment Summary — 489 Tahoe Keys Boulevard #47, 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: 52 / 100 (Standard) · STR Zone: Red

Home Insurance Estimate

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

$1,400 – $1,700/yr
about $129/mo
Est. Rebuild Cost (Coverage A)
$253,500
FAIR Plan (fire)
$1,200/yr
DIC wrap (theft, water, liability)
$200 – $500/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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