$783,000 Closed
405 Ala Wai Boulevard #175
South Lake Tahoe, CA 96150
SOLD 2026-08-14
Sold for $765,000 (listed at $783,000)
3 Beds
·
3.0 Baths
·
1,320 Sq Ft
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About This Property

Turnkey Tahoe Luxury. Move-In Ready. High-End Furnishings Included.Owner Financing Available with Approved Terms.Beautifully remodeled and impeccably furnished with high-end furnishings included in the sale, this exceptional waterfront residence in the prestigious Tahoe Keys is ready for immediate enjoyment. Simply bring your suitcase and start living the Tahoe lifestyle. Every detail has already been thoughtfully completedthere are no renovations, updates, or furnishing expenses to consider.Perfectly positioned steps to the water, this beautifully appointed townhouse offers spectacular mountain and waterfront views with your own private boat dock. Whether you're setting out for a day on Lake Tahoe or unwinding after skiing at nearby Heavenly Mountain Resort, this home delivers the ultimate year-round mountain lifestyle.Inside, the open-concept floor plan is designed for both entertaining and everyday comfort. The spacious great room flows effortlessly into the dining area and well-appointed kitchen, creating an inviting gathering space for family and friends. The thoughtfully designed layout offers three bedrooms and three full bathrooms, including a convenient main-level bedroom and bath for guests. Upstairs, the private primary suite serves as a peaceful retreat featuring its own private waterfront deck, luxurious ensuite bath, and breathtaking views.Outdoor living is enhanced with a generous lawn, tranquil waterways, and the surrounding Sierra peaks. Quality improvements throughout include an extensive remodel, on-demand hot water, a security alarm system, two exterior security cameras, EV charging and additional storage conveniently incorporated beneath the lower deck.Ideally located just minutes from Heavenly Mountain Resort, shopping, dining, and miles of scenic bike trails leading to Lake Tahoe's renowned beaches, this home places the very best of Tahoe recreation within easy reach.Ownership in the Tahoe Keys also includes access to one of Lake Tahoe's premier recreational communities, featuring indoor and outdoor swimming pools, tennis and pickleball courts, basketball courts, beautifully maintained parks, a private beach, marina amenities, and year-round security services.Whether you're searching for a full-time residence, an effortless second home, or a luxury waterfront retreat, this exceptional property offers the rare combination of turnkey convenience, premium furnishings, private boat access, resort-style amenities, and flexible financingall in one of Lake Tahoe's most coveted waterfront neighborhoods.

Listed by Donald Souers — Berkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe

Listing Details

Status Closed
MLS # 142747
Sold Date 2026-08-14
Sold Price $765,000
Price/Sq Ft $593

Property History

Apr 24, 2026
Listed for sale
$799,000
Jul 17, 2026
Price reduced
$783,000 $788,000 ↓ $5,000
Aug 03, 2026
Pending
$783,000
Aug 14, 2026
Sold
$765,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2004 · county record $600,000 Deed record — brokerage sides not reported
Aug 2026 · this listing $765,000 (+28%) Donald SouersBerkshire Hathaway Home Services Drysdale Properties - South Lake Tahoe Brent JohnsonChase International - South Lake Tahoe

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 3.0
Sq. Ft. 1,320
Lot Size 0.02 acres
Year Built 1965
Property Type Townhouse
Style Contemporary
Subdivision Cove Townhouses
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022071013000
Exterior & Lot
Exterior Features Boat Dock
View Mountains, Lagoon
Construction Wood Frame, Wood Siding
Roof Composition, Shingle
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $5,273 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Club House, Security, Beach, Dock, Pier, Park, Other/See Remarks

STR Investment Summary — 405 Ala Wai Boulevard #175, South Lake Tahoe

Est. Gross Annual Revenue
$30K – $53K
typically ~$38,022
Avg Nightly Rate
$198
Projected Occupancy
52.6%
Cap Rate
1.9%
Structural Score: 54 / 100 (Standard) · 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
557 sq ft covered of 235 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
800 sq ft
Allowed Coverage
235 sq ft · 29%
Existing Coverage
557 sq ft · 70%
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 ↗
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