$259,000
516 Emerald Bay Road #121
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.
1
Beds
·
1.0
Baths
·
678
Sq Ft
·
871
Lot
About This Property
Rare opportunity to own a recently updated, charming 1-bedroom, 1-bath condo backing directly to the forest in Lake Tahoe. Enjoy unmatched privacy and outdoor access with miles of trails in your backyard. The well-maintained community includes a pool for summer relaxation, and the sandy beach is less than a mile away. Whether you're looking for a vacation getaway, investment property, or full-time mountain retreat, this condo offers the best of Tahoe living. Move in ready. Recent updates include new flooring/carpet and bathroom.
Listed by Stephanie Bixler — Real Brokerage Technologies
Listing Details
Status
Active
MLS #
142566
Days on Market
6
Sold Date
1800-01-01
Price/Sq Ft
$382
Property History
Mar 10, 2026
Listed for sale
$259,000
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
678
Lot Size
0.02 acres
Year Built
1972
Property Type
Condominium
Subdivision
St Francis Woods
APN
023830007000
Parking
Parking Features
None
Exterior & Lot
Exterior Features
Spa/Hot Tub
Lot Features
Adjacent to Forest, Adjacent to Meadow
View
Mountains, Forest
Construction
Wood Siding
Roof
Flat
Pool & Spa
Pool
Indoor Pool
Utilities & Systems
Heating
Natural Gas, Wall or Space Heater
Financial
HOA Fee
$591 / Monthly
HOA & Community
Community Amenities
Pool, Hot Tub, Additional Parking
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% ($51,800)
Home price
$259,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 9166671444
