Waterfront Townhome with Two Boat Slips and Two Units in the Tahoe Keys - Experience the best of Lake Tahoe living in this beautiful waterfront townhome. Nestled in the highly sought-after Tahoe Keys, this rare property offers direct water access and two boat slips just steps from your door.This versatile townhome features two distinct living spaces:Lower-Level Studio: Recently remodeled, this cozy retreat includes a fireplace, full kitchen, washer/dryer. It is perfect for a tenant, guest suite, or additional living space. This studio with separate entrance is already rented, providing immediate income.Upper-Level Residence: This spacious two-bedroom, 1.5-bathroom waterfront haven offers the perfect blend of comfort with breathtaking scenery. The open living area features soaring vaulted ceilings and a cozy fireplace, creating a warm and inviting atmosphere. A well-appointed kitchen and in-unit washer/dryer add to the convenience of everyday living. Step outside onto the two-level deck, where panoramic views of the pristine water and majestic mountains provide an ever-changing backdrop for relaxation and entertaining. Whether sipping your morning coffee or unwinding after a day of adventure, you'll be immersed in the beauty of Lake Tahoe.With two boat slips conveniently located nearby, you'll have easy access to the lake for boating, paddle boarding, or simply enjoying the water. This Tahoe Keys townhouse offers a prime location next to the indoor pool for an unbeatable waterfront lifestyle. Additionally a one-car garage offers space for all your Tahoe toys.Beyond the home itself, Tahoe Keys residents enjoy an exclusive lifestyle with resort-style amenities, including:- Indoor & outdoor swimming pools- Private beach access & hot tubs- Docks, piers, marina & boat launch- Parks, open green spaces & clubhouse- Tennis/pickleball courts, beach volleyball, basketball courtHOA Services include:- Homeowners insurance- Water, refuse, snow removal- Exterior maintenance (includes paint and roof)Whether you're seeking a primary residence, vacation getaway, or investment property, this waterfront retreat offers the perfect blend of income potential and outdoor adventure. Plus, easy access to Heavenly Ski Resort and the casinos.Tahoe Keys is a 740-acre private marina community featuring eleven miles of scenic inland waterways.Don't miss the opportunity to own this exceptional waterfront gem.
Sold for $750,000 on 04/24/25
$750,000
477 Ala Wai Blvd APT 79, South Lake Tahoe, CA 96150
3beds
1,521sqft
Townhouse
Built in 1973
436 Square Feet Lot
$714,300 Zestimate®
$493/sqft
$2,062 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 11:43pm
Listed by:
Konstantina Karelis 209-200-2102 anna.karelis@evrealestate.com,
Engel & Volkers
Bought with:
Konstantina Karelis, 02147542
Engel & Volkers
Source: STAOR,MLS#: 141249
Originating MLS: South Tahoe Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Natural Gas, Fireplace(s)
Appliances
- Included: Disposal, Dishwasher Built-in, Electric Range
- Laundry: Hall Closet
Features
- Vaulted Ceiling(s), Beamed Ceilings, Tile Counters, Butcher Block, High Speed Internet
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Insert - Gas
Interior area
- Total structure area: 1,521
- Total interior livable area: 1,521 sqft
Property
Parking
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 1
Features
- Patio & porch: Patio, Deck, Covered, Uncovered
- Exterior features: Boat Slip, Dock, Other/See Remarks
- Has view: Yes
- View description: Mountain(s), Meadow, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront
Lot
- Size: 436 sqft
- Features: Landscaped, Full Sprinklers
Details
- Parcel number: 022411014000
- Zoning description: Single Family
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Wood Frame, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1973
Utilities & green energy
- Sewer: City Sewer
- Water: City Water
- Utilities for property: Electricity Available, Natural Gas Available, Cable Connected, Phone Connected
Community & neighborhood
Location
- Region: South Lake Tahoe
- Subdivision: Cove South Townhouses
HOA & financial
HOA
- HOA fee: $5,817 quarterly
- Amenities included: Pool, Tennis Court(s), Sauna, Spa/Hot Tub, Clubhouse, Additional Parking, Security, Beach, Boat Dock, Pier, Boat Launch, Marina, Park, Other/See Remarks
- Services included: Water, Maintenance Structure, Snow Removal, Roof Repairs, Trash, Insurance
Other
Other facts
- Available date: 01/01/1800
- Listing terms: Cash to New Loan
Services availability

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