$259,000
Active
516 Emerald Bay Road #121
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
·
678
Sq Ft
About This Property
Rare opportunity to own a recently updated, charming 1-bedroom, 1-bath condo backing directly to the forest in Lake Tahoe. Enjoy unmatched privacy and outdoor access with miles of trails in your backyard. The well-maintained community includes a pool for summer relaxation, and the sandy beach is less than a mile away. Whether you're looking for a vacation getaway, investment property, or full-time mountain retreat, this condo offers the best of Tahoe living. Move in ready. Recent updates include new flooring/carpet and bathroom.
Listed by Stephanie Bixler — Real Brokerage Technologies
Listing Details
Status
Active
MLS #
142566
Days on Market
50
Sold Date
1800-01-01
Price/Sq Ft
$382
Property History
Mar 10, 2026
Listed for sale
$259,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
678
Lot Size
0.02 acres
Year Built
1972
Property Type
Condominium
Subdivision
St Francis Woods
County
El Dorado
STR Jurisdiction
South Lake Tahoe
APN
023830007000
Parking
Parking Features
None
Exterior & Lot
Exterior Features
Spa/Hot Tub
Lot Features
Adjacent to Forest, Adjacent to Meadow
View
Mountains, Forest
Construction
Wood Siding
Roof
Flat
Pool & Spa
Pool
Indoor Pool
Utilities & Systems
Heating
Natural Gas, Wall or Space Heater
Financial
HOA Fee
$591 / Monthly
HOA & Community
Community Amenities
Pool, Hot Tub, Additional Parking
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 #121, South Lake Tahoe
Est. Annual Revenue
$33,379
Avg Nightly Rate
$201
Projected Occupancy
43.5%
Cap Rate
5.2%
Structural Score: 45 / 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% ($51,800)
Home price
$259,000
Loan details
30-yr fixed, 6.5%
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