$525,000 Active
497 Tahoe Keys Boulevard #30
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
·
2.0 Baths
·
1,014 Sq Ft

About This Property

Beautifully updated Tahoe Keys waterfront townhouse offering a combination that's increasingly hard to find: a private boat slip, an attached one-car garage, and mountain and ski resort views. This is a well-laid-out, highly usable property that delivers real Tahoe lifestyle valuenot just looks.The main living level features cozy carpet, a comfortable living room with a gas fireplace, and sliding glass doors that open to a composite deck with views of Freel Peak and the ski resort beyond. A convenient half bath is located on this level. The kitchen is practical and clean, with wood flooring, granite slab countertops, and Whirlpool appliances including an electric range, dishwasher, built-in microwave, and refrigerator, along with a dedicated pantry.Upstairs, the primary bedroom offers vaulted wood ceilings and shares a Jack-and-Jill bathroom with tile flooring and a walk-in tile shower. The guest bedroom also features vaulted ceilings, peak Heavenly views, and direct access to a private balcony with stairs leading down to the lower decksa layout that creates a strong indoor-outdoor connection. The washer and dryer are currently located in the guest bedroom and can be relocated to the hallway if desired. Forced-air heating and a gas insert fireplace provide year-round comfort.Additional highlights include newer exterior siding, multiple decks ideal for relaxing or entertaining, and the rare attached one-car garage, perfect for Tahoe gear and everyday convenience. The private boat slip completes the package and fully activates the waterfront setting.Ownership in Tahoe Keys unlocks one of the most comprehensive amenity packages in South Lake Tahoe, including indoor and outdoor swimming pools, private beaches, tennis and pickleball courts, marina access, and security. Add in close proximity to Heavenly Mountain Resort, local beaches, and year-round recreation, and this property delivers the full Tahoe Keys lifestyle on the water, near the slopes, and built for all seasons.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Active
MLS # 142475
Days on Market 85
Sold Date 1800-01-01
Price/Sq Ft $518

Property History

Feb 09, 2026
Listed for sale
$525,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,014
Lot Size 0.01 acres
Stories 3
Year Built 1975
Property Type Townhouse
Subdivision Cove South Townhouses
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022421031000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip,Boat Dock
Lot Features Water Front
View Mountains,Lagoon,Lake,Ski Resort
Construction Wood Frame,Wood Siding,Rock
Roof Pitched,Composition,Shingle
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
Financial
Annual Tax $7,958
HOA Fee $4,080 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Club House,Security,Beach,Dock,Pier,Boat Launch,Marina,Park
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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 — 497 Tahoe Keys Boulevard #30, South Lake Tahoe

Est. Annual Revenue
$48,831
Avg Nightly Rate
$329
Projected Occupancy
40.5%
Cap Rate
3.7%
Structural Score: 70 / 100 (Premium) · 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% ($105,000)
Home price
$525,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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