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$750,000

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!

3 Beds ⋅ 3 Baths ⋅ 1,606 SqFt. ⋅ 226100221 MLS

497 Tahoe Keys Boulevard Unit #34, South Lake Tahoe

Listing courtesy of Newpoint Realty.

$1,275,000

Set along the crystal-clear shores of Lake Tahoe, this beautifully updated two-bedroom, two-bath townhome with a spacious loft (currently a third sleeping area) offers one of the rarest opportunities in South Lake Tahoe: a turnkey lakefront retreat fully approved for short-term vacation rentals. Located within the Tourist Core and grandfathered under Measure T, it is among the limited number of homes legally permitted to operate as a vacation rental, an increasingly valuable asset in today's market. Whether you're seeking a profitable investment, a personal mountain escape, or both, this property delivers. With a proven history of consistent rental income, the home is offered completely turnkey, including stylish furnishings, dcor, housewares, and everything needed to begin enjoying or renting it immediately. Inside, soaring ceilings with exposed beams create an inviting mountain-lodge atmosphere, while expansive windows fill the living spaces with natural light. The open-concept floor plan centers around a cozy fireplace and flows to a private deck, the perfect setting for aprs-ski evenings, summer barbecues, or quiet mornings surrounded by towering pines. The recently remodeled kitchen features premium appliances, quartz countertops, abundant cabinetry, and generous workspace. The home comfortably sleeps up to seven across two spacious bedrooms and the versatile loft, complemented by two beautifully remodeled bathrooms and in-home laundry for extended stays and effortless guest turnovers. Beyond the home lies one of Lake Tahoe's most desirable resort communities. Lakeland Village spans 19 forested acres with over 1,000 feet of private sandy beach frontage, an amenity few properties can match. Owners and guests enjoy resort-style amenities including multiple pools, hot tubs, tennis courts, a fitness center, saunas, and a private pier. Leave the car behind and walk to restaurants, shopping, marinas, water sports, and El Dorado Beach, while Heavenly Mountain Resort and several of Tahoe's premier ski destinations are only minutes away. Summer days are spent boating, paddleboarding, and relaxing on the beach, while winter brings world-class skiing followed by evenings around the fire or soaking in the spa beneath the stars. Very few properties in South Lake Tahoe combine private lakefront living, premier resort amenities, and legally permitted short-term rental status. Add its established rental performance, turnkey furnishings and exceptional location.

2 Beds ⋅ 2 Baths ⋅ 1,518 SqFt. ⋅ 226099251 MLS

3535 Lake Tahoe Boulevard Unit #445, South Lake Tahoe

Listing courtesy of Keller Williams Realty.