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About This Property
Completely reimagined ground-floor studio in the picturesque St. Francis of the Woods complex, set along the edge of National Forest on the Highway 89 corridor toward Camp Richardson. With no stairs, covered carport parking and direct access to surrounding forest and nearby bike paths, this is an exceptionally easy Tahoe getaway. Taken down to the studs and completely rebuilt, this is arguably one of the most extensively renovated units in the complex. Improvements include updated windows, drywall, LVP flooring, lighting, plumbing fixtures, interior doors, trim and a striking retro-modern freestanding gas fireplace. The renovated kitchen features painted Shaker-style solid wood cabinetry, solid-slab quartz counters, stainless appliances and bar seating, while the remodeled bath offers a tub/shower combination. A built-in Murphy bed allows the main living area to function comfortably by day and convert easily for sleeping. The location is hard to beat for a compact South Shore basecamp. Ride or walk toward Camp Richardson, Pope Beach and Fallen Leaf Lake, head directly into the forest, or reach Heavenly and Sierra-at-Tahoe with ease. Restaurants, bike rentals and everyday conveniences are nearby, while the complex adds a gated outdoor pool for summer use.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Mar 2018 · county record | $127,000 | 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.
STR Investment Analysis
Red ZoneSTR Investment Summary — 516 Emerald Bay Road #304, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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 ↗ How the Basin comparesCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
