$638,000
489 Tahoe Keys Boulevard #56
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
2.5 Baths
·
1,522 Sq Ft
·
435 Lot
Virtual Tour

About This Property

Location, Location, Location! This fabulous point unit townhouse offers breathtaking panoramic views of Heavenly Ski Resort, the beautiful Keys channel, and the surrounding Sierra Nevada mountains.The living area features an updated gas fireplace, laminate flooring throughout, and French sliding glass doors that lead to the upper level deck to enjoy the views. The kitchen comes equipped with stainless steel appliances including a range, dishwasher, and microwave.The primary bedroom, located on the first floor, features an en-suite bathroom and a private balcony overlooking the tranquil channel waters. Upstairs, you'll find two additional guest rooms showcasing beautiful vaulted wood ceilings and equally impressive views, complemented by a full bathroom.This 1,522 square foot townhouse has dual rear decks that provide the perfect setting for outdoor entertainment while overlooking your easy to access boat slip just steps away from your door. The convenience of a single car garage adds to the many amenities this property offers.Residents of this vibrant community enjoy exclusive access to private beaches, tennis courts, pickleball, volleyball, both indoor and outdoor swimming pools, and security. In the Tahoe Keys, you'll find yourself perfectly positioned to enjoy all the recreational activities and natural beauty this region has to offer year-round.This well maintained townhouse is sold furnished per inventory list and is just in time to enjoy the amazing Tahoe summer weather!

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 141413
Days on Market 321
Sold Date 1800-01-01
Price/Sq Ft $419

Property History

Apr 21, 2025
Listed for sale
$638,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,522
Lot Size 0.01 acres
Year Built 1975
Property Type Townhouse
Subdivision Cove South Townhouses
APN 022421057000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip
Lot Features River Front
View Mountains
Construction Wood Frame
Roof Pitched, Composition
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $4,037 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Spa, Club House, Additional Parking, Security, Beach, Pier, Boat Launch, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($127,600)
Home price
$638,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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