$284,000
516 Emerald Bay Road #421
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.
1 Beds
·
1.0 Baths
·
678 Sq Ft
·
696 Lot

About This Property

Welcome to your own slice of South Lake Tahoe. Tucked away in the desirable St. Francis complex, this rare end-unit condo offers both privacy and an exceptional connection to the surrounding natural beauty. Lovingly cared for as a primary residence, this unit has never been used as a vacation rental, although short term rentals are allowed by the HOA.Just steps from the forest, you'll enjoy immediate access to miles of scenic hiking and biking trails, with Pope Beach and Fallen Leaf Lake just a short stroll or quick drive away. Head down Emerald Bay Road to explore some of Tahoe's most iconic destinations, including pristine beaches, renowned trailheads, historic landmarks, and the amenities of Camp Richardson.Inside, the thoughtfully remodeled kitchen and bathroom bring a fresh, modern feel, while the unique custom living room window exclusive to this end unit fills the space with abundant natural light throughout the day, creating a warm and inviting atmosphere. Newer laminate flooring was installed and the older popcorn ceiling was removed.Residents enjoy access to the complex's seasonal pool and hot tub, as well as two courtyard BBQ areas perfect for relaxing and entertaining during the warmer months. A convenient carport located directly below the unit provides protection from snow and the elements year-round.Whether you're looking for a peaceful Tahoe retreat or a turnkey getaway close to it all, this special property offers comfort, convenience, and a rare opportunity in a coveted location.

Listed by Michelle Keck — Compass

Listing Details

Status Active
MLS # 142671
Sold Date 1800-01-01
Price/Sq Ft $419

Property History

Apr 02, 2026
Listed for sale
$284,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 678
Lot Size 0.02 acres
Stories 1
Year Built 1972
Property Type Condominium
Style Other/See Remarks
Subdivision St Francis Woods
APN 023830039000
Parking
Total Parking 1
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Bear-Proof Trash Can
Lot Features Adjacent to Forest,Adjacent to Meadow
View Meadow
Construction Wood Frame,Wood Siding
Roof Flat
Foundation Other
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA Fee $591 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Spa
📊

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% ($56,800)
Home price
$284,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444