Sold $197,000 $199,998 Closed
516 Emerald Bay Road #49
South Lake Tahoe, CA 96150

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SOLD 2026-05-20
Sold for $197,000 (listed at $199,998)
1 Beds
·
1.0 Baths
·
362 Sq Ft

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It sold for $197,000 on 2026-05-20, 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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Our data on this home

About This Property

Huge price reduction. Lowest price home in South Lake Tahoe!Originally part of the manager's home, this cabin has been separated into its own cozy residence, ideal as a full-time home, summer/ski home, weekend getaway, or investment property. It offers the benefits of being part of the St. Francis of the Woods HOA and its CC&Rs, granting access to all the community amenities such as the grounds, pool, spa, and maintenance services. However, it provides more privacy than a typical condo, offering a unique blend of communal perks with a more secluded living experience.Unwind on the inviting front porch (permitted addition) or take a walk in the forest.Inside, you'll find numerous upgrades, including newer dual-pane windows and blinds, ceiling fans in both the living room and bedroom, new laminate flooring in the bathroom, refinished tile and tub, plus a new toilet. Efficient wall heater (installed ~5 years ago and is owned and maintained by the HOA).Located directly across from the bike path and just minutes from beautiful beaches, popular coffee shops, shopping, and dining. This hidden gem combines comfort, convenience, and character in one of the area's most desirable settings.

Listed by Barbara Gerland — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Closed
MLS # 141873
Sold Date 2026-05-20
Sold Price $197,000
Price/Sq Ft $552

Property History

Jul 03, 2025
Listed for sale
$289,000
Current
Sold
$197,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 362
Lot Size 0.01 acres
Stories 1
Year Built 1959
Property Type Condominium
Style Cabin
Subdivision St Francis Woods
County El Dorado
STR Jurisdiction El Dorado County
APN 023830001000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Masonry
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA Fee $272 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Spa,Additional Parking,Other/See Remarks

STR Investment Summary — 516 Emerald Bay Road #49, 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: 45 / 100 (Standard) · STR Zone: Red

Home Insurance Estimate

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

$600 – $700/yr
about $54/mo
Est. Rebuild Cost (Coverage A)
$108,600
FAIR Plan (fire)
$500/yr
DIC wrap (theft, water, liability)
$100 – $200/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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