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About This Property
STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Experience the ultimate in water front living, while enjoying the sheltered confines of the Tahoe Keys Marina. This renewed townhome provides immediate access to Lake Tahoe, as well as a straight shot into your boat slip, that can easily accommodate 30' and larger vessels. The unit is close to the Marina's fueling station and within walking distance to HOA amenities, such as the indoor and outdoor pools, private beach, park area, basketball, tennis and pickleball courts. Recent renovations include all new Milgard vinyl windows, composite decking, refaced kitchen cabinetry and slab countertops, interior paint, refurbished gas fireplace, LVP flooring, mirrored closet doors and more. Traditional finishes of open beam ceilings with tongue and groove pine maintain a classic Tahoe warmth and the unit comes completely furnished.HOA costs eliminate the worry of exterior and on-site maintenance, insurance, snow removal, water and trash, allowing for the pure enjoyment of your home or vacation getaway. This is one of the only bulkheads that have been replaced and completely paid for.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2024 | $625,000 | Mary LeeDunnigan Associates | Mark A SalmonCompass |
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 — 439 Ala Wai Boulevard #140, 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