About This Property
At the very end of the Tahoe Keys, the water feels less like an amenity and more like the setting. This townhome sits in the last cove before open water, where the walk to your boat slip comes with a view of Heavenly and the marina fuel dock is right on the way out. The slip is protected by a rip rap stone wall rather than the steel bulkhead system, removing one of the biggest assessment unknowns for waterfront buyers. Inside, the home has the warmth people hope for in Tahoe without feeling overdone. The main level is reached without stairs and opens to a comfortable living area with exposed beams, pine ceilings, walnut-finish LVP flooring, and a brick surround gas fireplace. The kitchen opens naturally to the living and dining areas, with knotty alder cabinetry, slab granite counters, stainless appliances, and an elevated bar for extra seating. The back deck carries the living space outside with room to barbecue and a small view of the lake. Upstairs, the main bedroom has its own private balcony and lake view, with two additional bedrooms and a second bath nearby. The property is offered fully furnished and ready to use, down to the linens. Across the street, the Tahoe Keys amenities bring the private beach, pool, pier, courts, dog park, and marina lifestyle within easy reach. Add in the upcoming Suntex marina improvements and the City's updated VHR ordinance allowing condo and townhome STR permits, and the upside is hard to ignore.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2006 · county record | $570,000 | Deed record — brokerage sides not reported | |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 357 Ala Wai Boulevard #209, South Lake Tahoe
Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings