$204,900
516 Emerald Bay Road #49
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
·
362 Sq Ft
·
435 Lot

About This Property

Huge price reduction. Lowest price home in South Lake Tahoe!Originally part of the manager's home, this cabin has been separated into its own cozy residence, ideal as a full-time home, summer/ski home, weekend getaway, or investment property. It offers the benefits of being part of the St. Francis of the Woods HOA and its CC&Rs, granting access to all the community amenities such as the grounds, pool, spa, and maintenance services. However, it provides more privacy than a typical condo, offering a unique blend of communal perks with a more secluded living experience.Unwind on the inviting front porch (permitted addition) or take a walk in the forest.Inside, you'll find numerous upgrades, including newer dual-pane windows and blinds, ceiling fans in both the living room and bedroom, new laminate flooring in the bathroom, refinished tile and tub, plus a new toilet. Efficient wall heater (installed ~5 years ago and is owned and maintained by the HOA).Located directly across from the bike path and just minutes from beautiful beaches, popular coffee shops, shopping, and dining. This hidden gem combines comfort, convenience, and character in one of the area's most desirable settings.

Listed by Barbara Gerland — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 141873
Days on Market 256
Sold Date 1800-01-01
Price/Sq Ft $566

Property History

Jul 03, 2025
Listed for sale
$204,900
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 362
Lot Size 0.01 acres
Stories 1
Year Built 1959
Property Type Condominium
Style Cabin
Subdivision St Francis Woods
APN 023830001000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Storage Shed
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame,Masonry
Roof Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater
Cooling Natural Gas,Wall or Space Heater
Financial
HOA Fee $272 / Monthly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Spa,Additional Parking,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%

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% ($40,980)
Home price
$204,900
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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