$329,900 Active
516 Emerald Bay Road #234
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.
2 Beds
·
1.0 Baths
·
912 Sq Ft

About This Property

Welcome to this beautifully updated 2-bedroom end unit condo in St. Francis of the Woods- just moments from Lake Tahoe's shoreline and an endless network of hiking and biking trails. Fully renovated three years ago, this home features a modern kitchen with granite countertops, upgraded cabinetry, and newer appliances. Durable vinyl plank flooring runs throughout, complementing the fresh interior paint in the kitchen, living room, dining area, and hallway.The bathroom has been tastefully upgraded with a new vanity, shower surround, and toilet, offering a clean and contemporary feel. Step out onto the balcony to enjoy peaceful views overlooking the pool and surrounding forest- an ideal spot to unwind and take in Tahoe's natural beauty.Situated at the end of the Gardner Mountain neighborhood, this condo provides unbeatable access to the forest, trails, and the lake itself. A perfect blend of comfort, location, and outdoor lifestyle awaits.

Listed by Shannon Witt — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Active
MLS # 142373
Days on Market 144
Sold Date 1800-01-01
Price/Sq Ft $362

Property History

Dec 06, 2025
Listed for sale
$329,900
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 912
Lot Size 0.02 acres
Year Built 1972
Property Type Condominium
Subdivision St Francis Woods
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023830022000
Exterior & Lot
Lot Features Adjacent to Forest
View Forest
Construction Wood Frame, Wood Siding
Roof Flat, Tar/Gravel
Foundation Other
Utilities & Systems
Heating Wall or Space Heater
Financial
HOA Fee $671 / Monthly
HOA & Community
Community Amenities Pool, Additional Parking
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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 — 516 Emerald Bay Road #234, South Lake Tahoe

Est. Annual Revenue
$42,229
Avg Nightly Rate
$257
Projected Occupancy
43.1%
Cap Rate
5.1%
Structural Score: 50 / 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% ($65,980)
Home price
$329,900
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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