$748,000
357 Ala Wai Boulevard #234
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
·
2.0 Baths
·
1,400 Sq Ft
·
871 Lot

About This Property

Welcome to refined waterfront living in the Tahoe Keys. This beautifully renovated 3-bedroom, 2-bath townhouse offers modern design, quality upgrades, and coveted lake access. Filtered lake views, a private shared boat dock, and close proximity to premier amenities make this a standout turnkey opportunity with low maintenance living.The main living area with gas insert fireplace and chefs kitchen are thoughtfully located on the downstairs level, creating an ideal layout for everyday living and entertaining. This level also includes an en-suite bedroom, providing flexibility for guests, multigenerational living, or convenient single-level use. Fully remodeled in 2021, the home features durable and stylish Hydroshield hickory wood-laminate flooring throughout, a waterfall-edge slab quartz kitchen countertop, and granite slab countertops in the bathrooms. The open-concept living space is enhanced by wood-beamed ceilings, abundant natural light, and seamless indoor-outdoor flow to a private patio, perfect for relaxing or entertaining while enjoying peaceful water views. The kitchen showcases custom cabinetry, premium appliances, and a clean, chic aesthetic that balances form and function.The primary bedroom includes a walk-in closet with custom built-in storage and a thoughtfully designed ensuite bathroom with a washer and dryer conveniently located within. One of the additional bedrooms also features a walk-in closet with custom built-in storage, offering excellent organization and functionality. A house alarm system with security cameras provides added peace of mind.As a Tahoe Keys owner, enjoy access to an unmatched suite of amenities including indoor and outdoor pools, hot tubs, two private beaches, a walking pier, pickleball and tennis courts, basketball courts, and a full-service marina. Conveniently located within walking distance to these amenities, this property delivers the best of Tahoe waterfront living move-in ready and designed for year-round enjoyment.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Active
MLS # 142488
Days on Market 38
Sold Date 1800-01-01
Price/Sq Ft $534

Property History

Feb 09, 2026
Listed for sale
$748,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,400
Lot Size 0.02 acres
Stories 2
Year Built 1966
Property Type Townhouse
Subdivision Tahoe Keys 01
APN 022101039000
Parking
Parking Features 0.00
Exterior & Lot
Exterior Features Spa/Hot Tub,Tennis Courts,Boat Dock
Lot Features Water Front
View Mountains,Lake,Filtered
Construction Wood Frame,Wood Siding
Roof Other
Utilities & Systems
Heating Forced Air,Natural Gas,Fireplace
Cooling Forced Air,Natural Gas,Fireplace
Financial
Annual Tax $6,664
HOA Fee $4,430 / Quarterly
HOA / Community South Tahoe Association of Realtors
HOA & Community
Community Amenities Pool,Tennis,Spa,Club House,Security,Beach,Pier,Marina,Park
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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% ($149,600)
Home price
$748,000
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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