661 Emerald Bay Road
661 Emerald Bay Road
$2,025,000
10
4,400
4,400
$460
Sold 5/27/22
Description
The Watermarc Cabins is a premier residential rental property located in the heart of South Lake Tahoe. Comprised of 8 detached units on a full 1 acre parcel, this property provides quality upscale housing in an ultra high demand market. Extensive renovations were done in 2010-2012. 1 unit has been renovated in approximately 2020 while another unit is undergoing a current remodel. BMPs and extensive paving and site work completed in approximately 2012-13. An additional storage building could be converted...The Watermarc Cabins is a premier residential rental property located in the heart of South Lake Tahoe. Comprised of 8 detached units on a full 1 acre parcel, this property provides quality upscale housing in an ultra high demand market. Extensive renovations were done in 2010-2012. 1 unit has been renovated in approximately 2020 while another unit is undergoing a current remodel. BMPs and extensive paving and site work completed in approximately 2012-13. An additional storage building could be converted to residential or rented separately as is. Plenty of onsite parking, close proximity to local business and attractions, and room for rental growth make this a prime investment opportunity. Don't hesitate call for more details or for a showing today. Buyers to independently very all details to their satisfaction. Possible financing of about 40% available for 10yrs @5%. See bit.ly/Watermarc for a virtual site tour.
- Listed by Michael A Keller • DRE #01374418 • Brokerage DRE #01374418 • Keller Properties
Property Details for 661 Emerald Bay Road
Area
Y Area
SubdivisionTamarack
# Garage/Carport0
# Parking Spaces18
Location
LISTING UPDATED: 05/27/2022 03:58 PM
Property Details for 661 Emerald Bay Road
Status | Sold |
---|---|
MLS # | 135428 |
Days on Compass | 69 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Apt Build 5-12 Units |
Year Built | 2012 |
Lot Size | 1.00 AC / 43,560 SF |
County | El Dorado County |
Location
Building Information for 661 Emerald Bay Road
Stories-Residences8Year Built2012Building Size-Lot Size1.00 AC / 43,560 SF
Payment Calculator
$12,890 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 661 Emerald Bay Road
Property History for 661 Emerald Bay Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 661 Emerald Bay Road
Taxable ValueLand$510,000Additions$1,555,500Total$2,065,500
Tax Record2023$22,071 ($1,839 / month)
Home Facts
Total Finished SqFt3,694 SqFtAbove Grade Finished SqFt3,694 SqFtLot Size43,560 SqFtStyleHotel / MotelYear Built1957ZoningTCCountyEL DORADOAPN023-141-008-000
Schools near 661 Emerald Bay Road
This home is within Lake Tahoe Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Tahoe Valley Elementary School PublicK to 5 | ||
South Tahoe Middle School Public6 to 8 | ||
South Tahoe High School Public9 to 12 | ||
Mt. Tallac High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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