$2,100,000 Active
590 Alpine Drive
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.
4 Beds
·
2.5 Baths
·
2,414 Sq Ft
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Our data on this home

About This Property

Exceptional Tahoe Keys residence in a coveted west-facing waterfront location, showcasing mesmerizing views of Mt. Tallac, spectacular sunsets, and ever-changing reflections across the lagoon. With a private boat dock, direct access to Lake Tahoe, and a rooftop deck capturing panoramic 360-degree views, this property offers a rare blend of natural beauty, boating access, and everyday living.Ideally positioned along a tranquil lagoon, this spacious two-story home features 4 bedrooms, 2.5 bathrooms, a versatile family room/den, and inviting living spaces. Expansive upper-level windows fill the home with natural light while framing iconic Mt. Tallac and surrounding Sierra peaks. The western exposure provides a front-row seat to Tahoe's dramatic sunsets, painting the sky and water with ever-changing colors throughout the seasons.Designed for comfortable living and effortless entertaining, the open-concept great room seamlessly connects the living, dining, and kitchen areas. The well-appointed kitchen features granite countertops, a large center island with breakfast bar, generous workspace, and easy access to the updated lagoon-side deck. Adjacent to the kitchen, a spacious laundry room offers extensive cabinetry and storage. The deck extends the living space outdoors, creating the perfect setting for dining, entertaining, or relaxing by the water.The primary suite serves as a private retreat with a double-sided gas fireplace shared with the ensuite bath. Rich marble tile enhances the spa-inspired bathroom, featuring dual sinks, an oversized walk-in shower, and a large jetted soaking tub. A generous walk-in closet provides generous storage and organization.Downstairs, the family room features its own fireplace, wet bar, and wine refrigerator, creating an inviting gathering space. A flexible fourth bedroom offers options for a home office, hobby room, fitness area, or guest accommodations. Throughout the home, custom solid maple wood built-ins and cabinetry offer timeless beauty and functionality. Three gas fireplaces add warmth and ambiance throughout the residence.Crowning the home is the expansive rooftop deck, offering breathtaking 360-degree panoramas of surrounding mountain peaks, Tahoe Keys waterways, and Heavenly Ski Resort. Whether enjoying morning coffee or sunset skies, this elevated vantage point showcases Lake Tahoe's natural beauty.Tahoe Keys ownership includes access to indoor and outdoor pools, spa facilities, tennis and pickleball courts, a private beach and pier, parks, basketball and volleyball courts, and a variety of community exclusive activities.Conveniently located near Lake Tahoe's beaches, ski resorts, hiking and biking trails, paddle sports, boating, dining, shopping, and entertainment, this exceptional property presents a rare opportunity in one of South Lake Tahoe's most sought-after waterfront communities.

Listed by Anja Buchholz — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143566
Price/Sq Ft $870

Property History

Oct 28, 2026
Listed for sale
$2,100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 1999 · county record $469,000 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 4
Baths 2.5
Sq. Ft. 2,414
Lot Size 0.14 acres
Year Built 1999
Property Type Single Family Residence
Style Split Level
Subdivision Tahoe Keys 01
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022332011000
Parking
Garage Spaces 2
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon, Ski Resort
Construction Wood Frame, Wood Siding
Roof Pitched, Composition, Other
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $1,800 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Security, Beach, Pier, Boat Launch, Park, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
70
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 — 590 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: 70 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,358 sq ft covered of 1,749 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,128 sq ft
Allowed Coverage
1,749 sq ft · 29%
Existing Coverage
2,358 sq ft · 38%
Addable Coverage
0 sq ft
IPES Score
659.0
Land Capability · TRPA-verified
IPES
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

$7,400 – $8,700/yr
about $671/mo
Est. Rebuild Cost (Coverage A)
$1,327,700
FAIR Plan (fire)
$6,200/yr
DIC wrap (theft, water, liability)
$1,200 – $2,500/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

$13,656 per month
Principal & interest
$10,619/mo
Property taxes
$1,916/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
$450/mo
From MLS listing data.
Home insurance
$671/mo
CA FAIR Plan + DIC estimate, ~$7,400–$8,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($420,000)
Home price
$2,100,000
Loan details
30-yr fixed, 6.5%
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