$299,000 Active
439 Ala Wai Boulevard #106
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
1 Beds
·
1.0 Baths
·
702 Sq Ft

About This Property

Cozy Mountain Retreat with Beach-Style Living!Welcome to this charming one-story condo in the heart of Tahoe Keys, located in the desirable Cove 3B. Enjoy the best of both worlds. With mountain serenity and beach vibes in this delightful 1-bedroom, 1-bath retreat featuring an open floor plan, new Fridge, Electric Stove, washer & Dryer and cozy gas fireplace.Convenience is key with single-level living and easy accessjust pull right up and move in! Take in the lovely views, relax by the fire, or step outside to enjoy all the amazing Tahoe Keys amenities: Beach & Harbor, indoor/outdoor pools, clubhouse, tennis courts, and more.This unit even includes a boat slip and is just a short walk to the lakeperfect for water lovers and outdoor enthusiasts alike. Whether you're looking for a full-time residence, weekend escape, or investment opportunity, this cozy condo offers it all.

Listed by Dennelle Knudson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 141393
Days on Market 391
Sold Date 1800-01-01
Price/Sq Ft $426

Property History

Apr 11, 2025
Listed for sale
$299,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 702
Lot Size 0.02 acres
Stories 1
Year Built 1970
Property Type Condominium
Subdivision Cove South B
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022281006000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Boat Slip,Boat Dock
Lot Features Lake Front,Water Front
View Mountains,None
Construction Wood Frame,Masonry
Roof Flat
Foundation Concrete/Crawl Space,Slab
Utilities & Systems
Heating Forced Air,Natural Gas,Wall or Space Heater,Fireplace
Cooling Forced Air,Natural Gas,Wall or Space Heater,Fireplace
Financial
HOA Fee $1,650 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Sauna,Spa,Club House,Additional Parking,Security,Beach,Dock,Pier,Boat Launch,Marina,Park,Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 439 Ala Wai Boulevard #106, South Lake Tahoe

Est. Annual Revenue
$38,976
Avg Nightly Rate
$235
Projected Occupancy
43.5%
Cap Rate
5.2%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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