$319,900 $330,000 ↓ $10,100 reduced Active
516 Emerald Bay Road #233
South Lake Tahoe, CA 96150

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⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
2 Beds
·
1.0 Baths
·
912 Sq Ft

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why Home insurance $1,600 – $1,800/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

516 Emerald Bay Road, Unit 233Discover contemporary elegance in this beautifully remodeled 2-bedroom, 1-bathroom condo at St. Francis of the Woods Condominiums in South Lake Tahoe. Every inch has been thoughtfully updated with fresh flooring, a modern kitchen, and a sleek bathroom, offering move-in ready comfort. Ideally positioned on Emerald Bay Road, this home places you steps away from pristine sandy beaches and the sparkling waters of Lake Tahoe. Surrounded by towering pines and lush forest, you'll enjoy the perfect blend of lakeside living and mountain tranquility. Whether you're swimming, kayaking, or simply soaking in the natural beauty, outdoor recreation is at your doorstep. The updated interior meets the serene forest settinga rare find in today's market. Wake up to forest views, spend your days exploring nearby trails and beaches, and return to your refreshed, modern home. This is your opportunity to own a piece of Tahoe paradise with all the comforts of a contemporary renovation. St. Francis of the Woods offers the ideal location for those seeking both natural beauty and updated living spaces. Don't miss this exceptional opportunity to make South Lake Tahoe your home.

Listed by Adam Weckesser — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143390
Days on Market 72
Price/Sq Ft $351

Property History

Aug 21, 2026
Listed for sale
$330,000
Oct 03, 2026
Price reduced
$319,900 $330,000 ↓ $10,100

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2022 · county record $320,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 2
Baths 1.0
Sq. Ft. 912
Lot Size 0.20 acres
Year Built 1972
Property Type Condominium
Subdivision Gardner Mountain
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023830021000
Exterior & Lot
Lot Features Adjacent to Forest
Construction Wood Frame, Wood Siding
Roof Flat
Foundation Concrete/Masonry
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Wall or Space Heater, Fireplace
Financial
HOA Fee $689 / Monthly
HOA & Community
Community Amenities Pool
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
45
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.

STR Investment Summary — 516 Emerald Bay Road #233, 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

$1,600 – $1,800/yr
about $142/mo
Est. Rebuild Cost (Coverage A)
$273,600
FAIR Plan (fire)
$1,300/yr
DIC wrap (theft, water, liability)
$300 – $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

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

$2,741 per month
Principal & interest
$1,618/mo
Property taxes
$292/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$689/mo
From MLS listing data.
Home insurance
$142/mo
CA FAIR Plan + DIC estimate, ~$1,600–$1,800/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($63,980)
Home price
$319,900
Loan details
30-yr fixed, 6.5%
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