About This Property
STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Experience the ultimate in water front living, while enjoying the sheltered confines of the Tahoe Keys Marina. This renewed townhome provides immediate access to Lake Tahoe, as well as a straight shot into your boat slip, that can easily accommodate 30' and larger vessels. The unit is close to the Marina's fueling station and within walking distance to HOA amenities, such as the indoor and outdoor pools, private beach, park area, basketball, tennis and pickleball courts. Recent renovations include all new Milgard vinyl windows, composite decking, refaced kitchen cabinetry and slab countertops, interior paint, refurbished gas fireplace, LVP flooring, mirrored closet doors and more. Traditional finishes of open beam ceilings with tongue and groove pine maintain a classic Tahoe warmth and the unit comes completely furnished.HOA costs eliminate the worry of exterior and on-site maintenance, insurance, snow removal, water and trash, allowing for the pure enjoyment of your home or vacation getaway. This is one of the only bulkheads that have been replaced and completely paid for.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2024 | $625,000 | Mary LeeDunnigan Associates | Mark A SalmonCompass |
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 — 439 Ala Wai Boulevard #140, 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
