$410,000 Active
555 Tahoe Keys Boulevard #11
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
1 Beds
·
1.0 Baths
·
800 Sq Ft

About This Property

Discover the best of Lake Tahoe living in this beautifully situated one-bedroom condo, just steps from the water and featuring its own private boat slip with direct access to the crystal-clear waters of Lake Tahoe. Whether you're seeking a year-round residence, vacation getaway, or whatever works for you, this waterfront retreat offers an unmatched combination of recreation, convenience, and lifestyle.Enjoy an impressive array of resort-style amenities, including pickleball, tennis and basketball courts, plus two swimming poolsone of which is heated and open year-round. Spend your days boating, paddleboarding, swimming, hiking, skiing, or simply relaxing while surrounded by the natural beauty of the Sierra Nevada.Adding even greater value is the exciting future of the nearby Tahoe Keys Marina, located just minutes away by water or walking. The Tahoe Regional Planning Agency (TRPA) has approved a major redevelopment of the marina, the largest and only inland marina on Lake Tahoe. Planned enhancements include a full-service boat launch and landing facility for both powerboats and sailboats, complete with a Travel Lift and Jib crane. The redevelopment will also expand slip availability and mooring options, enhance boat rental and charter services, upgrade fuel dock facilities with both diesel and regular fuel, and introduce additional retail and dining opportunities.This rare waterfront opportunity combines immediate enjoyment with long-term potential. From morning cruises on the lake to afternoons by the pool and evenings dining at the marina, every day feels like a vacation. With direct water access, exceptional community amenities, and exciting improvements coming to the Tahoe Keys Marina, this condo offers an unparalleled Lake Tahoe lifestyle.

Listed by Peter Erdody — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143477
Days on Market 2
Sold Date 1800-01-01
Price/Sq Ft $512

Property History

Sep 11, 2026
Listed for sale
$410,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2019 · county record $310,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 800
Lot Size 0.01 acres
Year Built 1975
Property Type Condominium
Style Other/See Remarks
Subdivision Cove South Townhouses
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022421012000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Spa/Hot Tub, Tennis Courts, Boat Slip
Lot Features Water Front
View Canal, Mountains, Lake, Ski Resort
Construction Wood Frame, Masonry Veneer, Rock
Roof Pitched, Composition
Pool & Spa
Pool In Ground Pool, Indoor Pool
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
Annual Tax $3,952
HOA Fee $4,724 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
51
PROJECTED GROSS ANNUAL REVENUE
$15K – $40K typically ~$25,000
~$2,083 per month
Avg Nightly
$132
Occupancy
52%
Cap Rate
2.4%

STR Investment Summary — 555 Tahoe Keys Boulevard #11, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$15K – $40K
typically ~$25,000
Avg Nightly Rate
$132
Projected Occupancy
52.0%
Cap Rate
2.4%
Structural Score: 51 / 100 (Standard) · STR Zone: Red

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
465 sq ft covered of 145 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
484 sq ft
Allowed Coverage
145 sq ft · 30%
Existing Coverage
465 sq ft · 96%
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% ($82,000)
Home price
$410,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message