Sold $1,215,000 $1,265,000 Closed
581 Alpine Drive
South Lake Tahoe, CA 96150

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SOLD 2025-11-19
Sold for $1,215,000 (listed at $1,265,000)
4 Beds
·
2.5 Baths
·
2,169 Sq Ft
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About This Property

Gaze out on scenic , sweeping views of the channels and mountains from this special waterfront Tahoe Keys home. Let your attention draw you to the price and location. This 4 bedroom, 2 bath plus bonus room is one of the lowest priced homes for size and ideal location that is for sale in this prestigious community . You will not find a home with such spectacular views and wide, expansive waterways at this price in the Keys. All day natural light streams into the open, airy living room, dining room, kitchen areas. The deck off the living area beckons you to relax on your patio recliner and take in the views of Heavenly in the distance. A generous sized master suite comes with a bonus office/sunroom. Three bedrooms on the first level share a full bath and two bedrooms have convenient access to the backyard. There is a cement platform set up and ready to install a hot tub right outside the lower level entries. This potential plus home is a blank canvas just waiting for your creative touch! The popular, one of a kind Tahoe Keys community offers an array of amenities: 2 tennis courts, pickle ball court, indoor and out door swimming pools, a club house, a park area, a private beach and area for boat dock out your back door*Best buy for price, location, views, and position on the channel.*Buyers to investigate the possibility of, and obtain approval from TKPOA to build a boat dock which was previously removed. It is unknown whether the security system is currently operational but some equipment exists.

Listed by Molly Blann — RE/MAX Gold - SLT

Listing Details

Status Closed
MLS # 142230
Sold Date 2025-11-19
Sold Price $1,215,000
Price/Sq Ft $583

Property History

Oct 07, 2025
Listed for sale
$1,265,000
Current
Sold
$1,215,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,169
Lot Size 0.19 acres
Year Built 1983
Property Type Single Family Residence
Style Contemporary
Subdivision Tahoe Keys Units 5
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022331022000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Other/See Remarks
Lot Features Backs to Lagoon
View Mountains, Lagoon
Construction Wood Frame
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Hot Water System, Baseboard
Financial
HOA Fee $1,625 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Security, Beach, Dock, Pier, Boat Launch, Marina, Park

STR Investment Summary — 581 Alpine Drive, 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: 57 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,856 sq ft covered of 1,387 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
8,207 sq ft
Allowed Coverage
1,387 sq ft · 17%
Existing Coverage
1,856 sq ft · 23%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
6
Existing Units
1

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 compares

Home Insurance Estimate

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

$5,000 – $5,900/yr
about $454/mo
Est. Rebuild Cost (Coverage A)
$910,980
FAIR Plan (fire)
$4,200/yr
DIC wrap (theft, water, liability)
$800 – $1,700/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
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