357 Ala Wai Boulevard, South Lake Tahoe, CA 96150

STR Update: The City of South Lake Tahoe's new STR ordinance is now in effect, and the City has not yet reached its 900-permit residential cap. Buyers interested in STR use should independently verify property eligibility, current permit availability, and application requirements directly with the City.Cove 2 is already one of the best positions in the Tahoe Keys, but this single-level townhome takes it a step further.

Set in the 357 block of Ala Wai and about as close to Lake Tahoe as you can get within the Keys, this zero-stair residence offers rare ease, privacy, and immediate access to the water. Its end-unit setting avoids the boxed-in feel of sharing two common walls and opens to an oversized lagoon-front patio with space to dine, lounge, BBQ, store water toys, and actually enjoy the setting.

The boat slip is the kind of detail that changes how you use the property. Just roughly 400 feet from the main channel out to Lake Tahoe, it keeps boating simple while framing a direct view toward Heavenly Ski Resort and distant Freel Peak. Tahoe Keys Marina is moments away with fuel, launch services, rentals, charters, and full marina support, while Suntex's planned 2027 renovation adds another layer of upside.

The vision is a more polished marina experience with upgraded boating infrastructure, dining, retail, and gathering areas, all directly across the marina waterway and just a short paddleboard ride from this unit. Inside, the residence has been tastefully updated and comes completely turnkey with Restoration Hardware furnishings and elevated decor throughout.

Recent improvements include new flooring, fresh paint, RH lighting, a Navien on-demand water heater, high-efficiency furnace, and custom built-in bunks that make the layout even more functional for family and guests. Across the street, Tahoe Keys amenities include the private beach, indoor and outdoor pools, tennis, pickleball, and more. Easy to use, hard to duplicate, and ready the moment you arrive.