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About This Property
Beautifully updated and fully furnished, this ground-level condo offers a rare combination of comfort, convenience, and an exceptional forest setting within the desirable St. Francis of the Woods HOA. Backing directly to miles of U.S. Forest Service land, enjoy easy access to hiking and biking trails leading toward Fallen Leaf Lake and Camp Richardson, an ideal location for embracing the Tahoe lifestyle. Step inside to a bright, thoughtfully updated interior featuring waterproof luxury vinyl plank flooring and an inviting open-concept living space. The modern kitchen showcases granite countertops, stainless steel appliances, a gas range, stylish cabinetry, and a large picture window framing peaceful forest views. Step outside to your private patio and relax among the pines, with endless outdoor recreation right beyond your door. HOA amenities include a covered one-car carport and on-site laundry right outside your front door, seasonal pool and hot tub, BBQ and patio area, full-time on-site maintenance, and snow removal. Ideally located near Lake Tahoe beaches, Heavenly Ski Resort, restaurants, shopping, breweries, and the paved bike trail, this turn-key property puts year-round recreation within easy reach. Whether you're looking for a full-time residence, weekend Tahoe escape, or investment opportunity, this beautifully updated and furnished condo delivers an exceptional blend of location, lifestyle, and value.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Aug 2025 · county record | $192,500 | 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 #APT 303, South Lake Tahoe
Home Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
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 costsCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
