$315,000 $345,000 ↓ $30,000 reduced
516 Emerald Bay Road #234
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
2 Beds
·
1.0 Baths
·
912 Sq Ft

About This Property

Welcome to this beautifully updated 2-bedroom end unit condo in St. Francis of the Woods- just moments from Lake Tahoe's shoreline and an endless network of hiking and biking trails. Fully renovated three years ago, this home features a modern kitchen with granite countertops, upgraded cabinetry, and newer appliances. Durable vinyl plank flooring runs throughout, complementing the fresh interior paint in the kitchen, living room, dining area, and hallway.The bathroom has been tastefully upgraded with a new vanity, shower surround, and toilet, offering a clean and contemporary feel. Step out onto the balcony to enjoy peaceful views overlooking the pool and surrounding forest- an ideal spot to unwind and take in Tahoe's natural beauty.Situated at the end of the Gardner Mountain neighborhood, this condo provides unbeatable access to the forest, trails, and the lake itself. A perfect blend of comfort, location, and outdoor lifestyle awaits.

Listed by Shannon Witt — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Withdrawn
MLS # 142373
Days on Market 262
Sold Date 1800-01-01
Price/Sq Ft $345

Property History

Dec 06, 2025
Listed for sale
$345,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2021 · county record $300,000 Deed record — brokerage sides not reported

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.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 912
Lot Size 0.02 acres
Year Built 1972
Property Type Condominium
Subdivision St Francis Woods
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023830022000
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Flat, Tar/Gravel
Foundation Other
Utilities & Systems
Heating Wall or Space Heater
Financial
HOA Fee $671 / Monthly
HOA & Community
Community Amenities Pool, Additional Parking
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$22K – $47K typically ~$29,235
~$2,436 per month
Avg Nightly
$154
Occupancy
52%
Cap Rate
3.7%

STR Investment Summary — 516 Emerald Bay Road #234, South Lake Tahoe

Est. Gross Annual Revenue
$22K – $47K
typically ~$29,235
Avg Nightly Rate
$154
Projected Occupancy
52.0%
Cap Rate
3.7%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

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

Over coverage limit
917 sq ft covered of 275 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
917 sq ft
Allowed Coverage
275 sq ft · 30%
Existing Coverage
917 sq ft · 100%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($63,000)
Home price
$315,000
Loan details
30-yr fixed, 6.5%
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