RARE LAKEFRONT OPPORTUNITY IN TAHOE KEYS! This unique duplex-style townhouse offers two separate living spaces, TWO BOAT SLIPS directly outside your door, and a single-car garage. The upper level features a spacious 2-bedroom, 1.5-bath unit, while the lower level offers a cozy studioperfect for guests, family, or additional rental income. Both units feature fireplaces, newer carpet, fresh paint, and attractive slate flooring. The 2-bedroom unit is rents for $5,000 per month through a local rental company, providing an excellent opportunity to offset ownership costs while enjoying your own Tahoe retreat. Live in one unit and rent the other, or maximize the property's rental potential. Enjoy the exceptional Tahoe Keys lifestyle with access to an indoor/outdoor pool, pickleball and tennis courts, basketball court, children's playground, and, most importantly, direct access to the lake. With two private boat docks right outside the property, boating and waterfront recreation are literally at your doorstep. This is a rare opportunity to own a versatile two-unit property in one of Tahoe's most desirable waterfront communities. Whether you're looking for an investment, vacation property, or a combination of both, this one is not to be missed!
Pending
$750,000
497 Tahoe Keys Blvd APT 34, South Lake Tahoe, CA 96150
3beds
1,606sqft
Townhouse
Built in 1975
435 Square Feet Lot
$747,000 Zestimate®
$467/sqft
$1,833/mo HOA
What's special
Single-car garageFresh paintAttractive slate flooringTwo separate living spacesCozy studioNewer carpet
- 12 days |
- 813 |
- 41 |
Zillow last checked:
Listing updated:
Listed by:
Jim Naulty DRE #01383376 916-337-4969,
Newpoint Realty
Source: MetroList Services of CA,MLS#: 226100221Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
Rooms
- Room types: Dining Room, Family Room, Storage, Studio, Kitchen, Laundry, Living Room
Primary bedroom
- Features: Balcony, Closet
Primary bathroom
- Features: Shower Stall(s), Tub w/Shower Over
Dining room
- Features: Dining/Family Combo, Space in Kitchen
Kitchen
- Features: Breakfast Area, Granite Counters
Heating
- Central, Fireplace(s)
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Free-Standing Electric Oven
- Laundry: Laundry Room, Inside
Features
- Flooring: Carpet, Tile
- Number of fireplaces: 2
- Fireplace features: Family Room, Gas Log
Interior area
- Total structure area: 0
- Total interior livable area: 1,606 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Front
- Garage spaces: 1
Features
- Exterior features: Balcony, Dock
- Has private pool: Yes
- Pool features: Community
- On waterfront: Yes
- Waterfront features: Navigable Water, River Access, Lake Access, Waterfront, Lake Front
Lot
- Size: 435 Square Feet
- Features: Low Maintenance
- Topography: Level,Level
Details
- Parcel number: 022421035000
- Zoning: HDR
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Frame, Wood
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1975
Utilities & green energy
- Electric: Other
- Sewer: Sewer in Street
- Water: Public
- Utilities for property: Other
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Playground, Pool, Sport Court, Tennis Court(s), Lake, Other
- Services included: Common Areas, Pool, Recreation Facility, Insurance, Trash, Water, Maintenance Structure, Maintenance Grounds, Management
- HOA fee: $5,500 quarterly
Location
- Region: South Lake Tahoe
Financial & listing details
- Price per square foot: $467/sqft
- Tax assessed value: $415,860
- Price range: $750K - $750K
- Date on market: 8/8/2026
- Road surface type: Paved
Estimated market value
$747,000
$710,000 - $784,000
$3,773/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Pending sale | $750,000$467/sqft |
Source: MetroList Services of CA #226100221 Report a problem | ||
| 8/8/2026 | Listed for sale | $750,000+141.9%$467/sqft |
Source: MetroList Services of CA #226100221 Report a problem | ||
| 6/17/2011 | Sold | $310,000-50.8%$193/sqft |
Source: Public Record Report a problem | ||
| 9/14/2007 | Sold | $630,000$392/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $415,860 +2% |
| 2025 | $4,585 +5.4% | $407,707 +2% |
| 2024 | $4,351 +2% | $399,713 +2% |
| 2023 | $4,264 +0.7% | $391,876 +2% |
| 2022 | $4,234 +1.6% | $384,193 +1.3% |
| 2021 | $4,169 +1.5% | $379,350 +1.8% |
| 2020 | $4,109 +0.5% | $372,799 +2% |
| 2019 | $4,089 +2.3% | $365,490 +2% |
| 2018 | $3,999 +1.6% | $358,324 +2% |
| 2017 | $3,937 +0.5% | $351,299 +0.4% |
| 2016 | $3,917 +7.7% | $349,912 +4.5% |
| 2015 | $3,636 | $334,891 +1.8% |
| 2014 | $3,636 | $328,990 +1.3% |
| 2013 | -- | $324,783 -5% |
| 2012 | -- | $342,000 |
| 2011 | -- | $342,000 -21.4% |
| 2010 | -- | $435,000 -13.2% |
| 2009 | -- | $501,000 -20.5% |
| 2008 | -- | $630,000 +380.9% |
| 2007 | -- | $130,996 +2% |
| 2006 | -- | $128,429 +2% |
| 2005 | -- | $125,912 +2% |
| 2004 | -- | $123,444 |
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: 0.7 mi
- 4/10South Tahoe Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10South Tahoe High SchoolGrades: 9-12Distance: 1.6 mi
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