$2,349,999
1932 Kokanee Way
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.
4 Beds
·
4.0 Baths
·
3,661 Sq Ft
·
7405 Lot

About This Property

Castle-Inspired Waterfront Retreat in the Tahoe KeysLive like royalty in this extraordinary 4-bedroom, 4-bathroom home in the prestigious Tahoe Keys, where timeless European architecture meets the best of modern mountain living. Designed to resemble a classic stone castle, this one-of-a-kind residence offers unmatched charm, luxury, and direct lake access.From the moment you arrive, you're greeted by elegant stonework, turreted features, and a commanding presence that sets this home apart. Inside, the spacious floor plan boasts vaulted ceilings, rich iron and glass accents, and automatic skylights that flood the interior with natural light.The heart of the home is found upstairs in the expansive main living area, complete with a gas fireplace, gas stove heater, and gas insert, creating multiple cozy seating areas perfect for Tahoe winters. The large kitchen features sliding glass doors that open to an oversized deck complete with a fire pit ideal for enjoying unforgettable sunsets and stunning views of Mount Tallac.Each of the four bedrooms is thoughtfully designed, with en-suite or nearby bathrooms offering comfort and privacy. The luxurious primary suite is a true retreat, featuring a spa-style bath, walk-in closet, and a private office or sitting room ideal for working remotely, reading, or quiet reflection.The beautifully landscaped backyard leads to your private boat dock and over-the-water platform, offering direct access to Lake Tahoe and a secure place to moor your boat.Additional highlights include an oversized two-car garage, generous storage throughout, and access to exclusive Tahoe Keys amenities including private beaches, indoor and outdoor pools, tennis courts, security, and more.Whether you're seeking a luxurious full-time residence or an unforgettable vacation escape, this majestic Tahoe Keys home delivers the lifestyle and the location you've been dreaming of.

Listed by Deborah Sherry — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 141936
Days on Market 244
Sold Date 1800-01-01
Price/Sq Ft $642

Property History

Jul 14, 2025
Listed for sale
$2,349,999
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 3,661
Lot Size 0.17 acres
Year Built 1972
Property Type Single Family Residence
Style Split Level
Subdivision Makai Isle
APN 022251019000
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip, Boat Dock
View Canal, Mountains
Construction Stucco
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
HOA Fee $1,625 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Security, Beach
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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% ($470,000)
Home price
$2,349,999
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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