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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.
Listing Details
Property History
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.
STR Investment Analysis
Red ZoneSTR Investment Summary — 590 Alpine Drive, 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 comparesHome 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