$275,000 Active
516 Emerald Bay Road #426
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.
1 Beds
·
1.0 Baths
·
678 Sq Ft
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Our data on this home

About This Property

Coveted End-Unit with Views - Completely Furnished & Move-In Ready!Everything you've been looking for in a Tahoe retreat is right hereand it's ready for you to move in today. This bright and sunny end-unit condo has been reimagined as the ultimate turn-key escape, now offered completely furnished. From the mountain-chic decor down to the essentials, every detail is already in place, allowing you to bypass the stress of moving and start living the mountain lifestyle immediately.Beyond the convenience of being fully outfitted, this home offers peace of mind with a brand-new water heater recently installed. Whether you are looking for a seasonal getaway or a seamless transition into a new home, this property delivers effortless living surrounded by the natural beauty of the Sierras.Features You'll Love:- Completely furnishedjust bring your suitcase and start enjoying Tahoe- Brand new water heater for worry-free ownership- Updated bathroom with a sleek, modern walk-in shower- Luxury vinyl plank flooring for a clean and contemporary feel- Cozy gas fireplace for that classic cabin in the woods ambiance- Private balcony overlooking the pool and acres of mature pines- Dedicated carport located directly below your unit for added convenience- Direct access to scenic bike paths and trails leading to Pope & Baldwin Beaches, Fallen Leaf Lake, Camp Richardson, and more!Don't miss out on this rare, fully-equipped end-unit. Schedule your showing today!

Listed by Michelle Keck — Compass

Listing Details

Status Active
MLS # 143545
Days on Market 21
Price/Sq Ft $406

Property History

Oct 01, 2026
Listed for sale
$275,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2025 $271,000 Mackenzie MartinMountain Luxury Properties Michelle M KeckCompass

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 1
Baths 1.0
Sq. Ft. 678
Lot Size 0.02 acres
Year Built 1972
Property Type Condominium
Style Other/See Remarks
Subdivision St Francis Woods
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023830044000
Exterior & Lot
Lot Features Adjacent to Forest
View Mountains, Filtered, Forest
Construction Wood Frame
Roof Flat
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas, Wall or Space Heater
Financial
HOA Fee $591 / Monthly
HOA & Community
Community Amenities Pool, Hot Tub, Additional Parking
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
55
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 #426, 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: 55 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

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

$1,100 – $1,300/yr
about $100/mo
Est. Rebuild Cost (Coverage A)
$203,400
FAIR Plan (fire)
$900/yr
DIC wrap (theft, water, liability)
$200 – $400/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

$2,333 per month
Principal & interest
$1,391/mo
Property taxes
$251/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
$591/mo
From MLS listing data.
Home insurance
$100/mo
CA FAIR Plan + DIC estimate, ~$1,100–$1,300/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($55,000)
Home price
$275,000
Loan details
30-yr fixed, 6.5%
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