Short-term Rental Potential - Now Permit Eligible!Discover a rare opportunity in the coveted Tahoe Keys community a classic lakeside townhome with a private dock, Tahoe charm, and unparalleled lifestyle potential. This inviting 3-bed, 2-bath retreat offers generous space for family escapes or year-round living.Step inside to a warm, functional layout featuring a cozy living area with a wood-burning stove, a well-equipped kitchen, and easy-flow access to outdoor spaces. The townhome features one bedroom and one bathroom downstairs. The upstairs level hosts two comfortable bedrooms and a full bath perfect for guests or family stays.Slide open the back deck door to breathtaking views of the docks and lake reflections. Here, you can sip your morning coffee or enjoy an evening BBQ against the Sierra scenery. The private dock accommodates your boat up to 24 ft, letting you launch directly into Lake Tahoe whenever the mood strikes a true boater's dream!Located just a few blocks from Tahoe Keys' private beach and summer pool, and only a short drive to Heavenly Ski Resort, casinos, dining, and nightlife, this property offers the best of South Lake Tahoe living with both adventure and tranquility at your fingertips.This townhome is clean as a whistle and ready for its new owners to make it their own!This property is being sold "as-is".
For sale
Price cut: $72K (6/25)
$557,000
439 Ala Wai Blvd APT 97, South Lake Tahoe, CA 96150
3beds
1,476sqft
Townhouse
Built in 1970
871 Square Feet Lot
$548,600 Zestimate®
$377/sqft
$1,942/mo HOA
What's special
Private dockWell-equipped kitchen
- 202 days |
- 709 |
- 38 |
Zillow last checked:
Listing updated:
Listed by:
Christina L Dille christie.dille@compass.com,
Compass
Source: STAOR,MLS#: 142471
Originating MLS: South Tahoe Association of Realtors
Originating MLS: South Tahoe Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living/Dining Combo
Heating
- Forced Air, Natural Gas
Appliances
- Included: Disposal, Dishwasher Built-in, Electric Range, Gas Water Heater
- Laundry: Hall Closet
Features
- Tile Counters
- Flooring: Carpet, Vinyl
- Windows: Single Pane, Metal Frame
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,476
- Total interior livable area: 1,476 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Patio & porch: Patio, Covered
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 871 Square Feet
- Features: Backs to Lagoon
Details
- Parcel number: 022281013000
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Roof: Flat,Tar/Gravel
Condition
- Year built: 1970
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Phone Connected
Community & HOA
Community
- Subdivision: Cove South 3
HOA
- Amenities included: Pool, Tennis Court(s), Spa/Hot Tub, Clubhouse, Beach Access, Boat Dock, Pier, Marina, Other
- Services included: Water, Maintenance Structure, Snow Removal, Roof Repairs, Trash, On Site Maintenance
- HOA fee: $5,825 quarterly
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $377/sqft
- Tax assessed value: $244,160
- Date on market: 1/30/2026
- Cumulative days on market: 203 days
- Date available: 01/01/1800
- Ownership: Fee Simple
- Electric utility on property: Yes
Estimated market value
$548,600
$521,000 - $576,000
$3,346/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $557,000-11.4%$377/sqft |
Source:  STAOR #142471 Report a problem | ||
| 1/30/2026 | Listed for sale | $629,000+313.8%$426/sqft |
Source: STAOR #142471 Report a problem | ||
| 6/10/1997 | Sold | $152,000+2%$103/sqft |
Source: Public Record Report a problem | ||
| 3/4/1994 | Sold | $149,000$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $244,160 +2% |
| 2025 | $2,721 +5.3% | $239,374 +2% |
| 2024 | $2,583 +2% | $234,681 +2% |
| 2023 | $2,532 +0.7% | $230,080 +2% |
| 2022 | $2,514 +1.5% | $225,569 +2% |
| 2021 | $2,475 +1.5% | $221,147 +1% |
| 2020 | $2,440 +0.5% | $218,881 +2% |
| 2019 | $2,428 +2.2% | $214,590 +2% |
| 2018 | $2,375 +1.6% | $210,384 +2% |
| 2017 | $2,338 +0.1% | $206,259 +0% |
| 2016 | $2,335 +5.2% | $206,216 +1.5% |
| 2015 | $2,219 | $203,181 +2% |
| 2014 | $2,219 | $199,282 +2.5% |
| 2013 | -- | $194,402 +4% |
| 2012 | -- | $186,855 |
| 2011 | -- | $186,855 +0.8% |
| 2010 | -- | $185,461 -0.2% |
| 2009 | -- | $185,904 +2% |
| 2008 | -- | $182,260 +2% |
| 2007 | -- | $178,687 +2% |
| 2006 | -- | $175,185 +2% |
| 2005 | -- | $171,751 +2% |
| 2004 | -- | $168,384 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 96150
Nearby schools
GreatSchools rating
- 5/10Tahoe Valley Elementary SchoolGrades: K-5Distance: 1 mi
- 4/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 1.9 mi
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