$2,188,000 Active
336 Ala Wai Boulevard #254
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
3 Beds
·
2.5 Baths
·
1,560 Sq Ft
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About This Property

Completely renovated Tahoe Keys waterfront townhouse with stunning meadow, mountain and Lake Tahoe views! Located in the desirable, gated Tahoe Marina Shores subdivision, this exceptional residence has been extensively renovated inside and out with high-end custom finishes throughout.The chef's kitchen is designed for entertaining and features quartz and granite slab countertops, custom cabinetry, stainless steel appliances and a commercial-style gas cooktop with a convenient pot filler. The adjoining living area showcases spectacular meadow, mountain, and lake views, a sleek modern gas fireplace and dual sliding glass doors that open to a spacious deck overlooking the main channel and protected wildlife habitat.Upstairs, the primary suite is a true retreat with vaulted ceilings, a private balcony capturing beautiful lake, mountain, and meadow views, a built-in coffee bar, fireplace and a luxurious en suite bathroom. The spa-inspired bath features heated floors, a custom tile walk-in shower, jetted soaking tub and an updated vanity. Two additional guest bedrooms feature tall vaulted ceilings and share a beautifully renovated full bathroom. Located downstairs there is an additional updated bathroom, separate laundry room and storage area.Boaters will appreciate the included deep-water boat slip with easy navigation and quick access to Lake Tahoe, able to accommodate a 25 foot boat. Tahoe Marina Shores offers a private gated setting along with access to the extensive Tahoe Keys amenities, including Tennis/Pickleball courts, private beach access with a pier, outdoor pool and newly renovated indoor pool and jacuzzis making this an exceptional opportunity to enjoy the ultimate Lake Tahoe waterfront lifestyle.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143397
Sold Date 1800-01-01
Price/Sq Ft $1,403

Property History

Aug 25, 2026
Listed for sale
$2,188,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2016 · county record $1,150,000 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.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,560
Lot Size 0.02 acres
Year Built 1971
Property Type Townhouse
Style Contemporary
Subdivision Tahoe Marina Shores 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022371004000
Exterior & Lot
Exterior Features Boat Slip
Lot Features Water Front, Backs to Lagoon
View Mountains, Lagoon, Meadow, Lake, Ski Resort
Construction Wood Frame
Roof Pitched, Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,866 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Additional Parking, 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

Yellow Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$32K – $54K typically ~$38,800
~$3,233 per month
Avg Nightly
$211
Occupancy
50%
Cap Rate
0.7%

STR Investment Summary — 336 Ala Wai Boulevard #254, South Lake Tahoe

Est. Gross Annual Revenue
$32K – $54K
typically ~$38,800
Avg Nightly Rate
$211
Projected Occupancy
50.5%
Cap Rate
0.7%
Structural Score: 62 / 100 (Premium) · STR Zone: Yellow

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

Over coverage limit
922 sq ft covered of 249 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
929 sq ft
Allowed Coverage
249 sq ft · 27%
Existing Coverage
922 sq ft · 99%
Addable Coverage
0 sq ft
Existing Units
1

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

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($437,600)
Home price
$2,188,000
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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