661 Emerald Bay Road

South Lake Tahoe, CA 96150

$2,025,000
Last Sold Price
10
Beds
4,400 Sq. Ft.
$460 / Sq. Ft.
4,400
Sq. Ft.
$460
per Sq. Ft.

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.
  1. Listed by Michael A Keller • DRE #01374418 • Brokerage DRE #01374418 • Keller Properties

Property Details for 661 Emerald Bay Road

Area
Y Area
Subdivision
Tamarack
# Garage/Carport
0
# Parking Spaces
18

Location

Listing Courtesy of Keller Properties, Michael A Keller, DRE #01374418

Sold By Keller Properties, Michael A Keller, DRE #01374418

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LISTING UPDATED: 05/27/2022 03:58 PM

Property Details for 661 Emerald Bay Road

StatusSold
MLS #135428
Days on Compass69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apt Build 5-12 Units
Year Built2012
Lot Size1.00 AC / 43,560 SF
CountyEl Dorado County

Location

Listing Courtesy of Keller Properties, Michael A Keller, DRE #01374418

Sold By Keller Properties, Michael A Keller, DRE #01374418

Add your commute

Building Information for 661 Emerald Bay Road

Stories-Residences8Year Built2012Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

$12,890 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,051

Property Taxes

$1,839

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 661 Emerald Bay Road

Summary
Location and General Information
  • FIPS Code: 17
  • Cross Street Address: 12th
Taxes and HOA Information
  • Association: South Tahoe Association of Realtors
Property
Lot Information
  • Acres: 1.0
  • Age: 0
  • Lot Measurement: SqFt
  • Lot Size Source: (Tax Data)
  • Three Quarter Bathrooms: 0
Property and Assessments
  • APN: 023141008000
  • Documents on File: Rental/Leases
  • Foundation: Concrete/Crawl Space
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change.
  • Possession: Subject to Tenants
  • Lease Type: Net
  • Limited Service: No
  • Miscellaneous: Master Meter-Electrc
  • Square Footage Source: Other
  • TRPA Land Cap Study: No
  • Year Built Source: Other
Utilities
  • Utilities: NaturalGasAvailable, Well - Private, City Sewer, Cable TV, High Speed Internet
  • Water Fee: $.00
  • Water Heater: Natural Gas
Interior and Exterior Features
Exterior Features
  • Construction: Wood Frame, Wood Siding
  • Exterior Features: Storage Shed
  • Roof: Composition, Shingle
Interior Features
  • Heating/Cooling: Natural Gas, Wall or Space Heater
  • Windows: Double Pane
Multi Family
Multi-Family Information
  • Annual Operating Exp: $.00
  • Effective Rental Inc: $.00
  • Gross Income Source: Projected
Unit 1
  • 1st Unit Beds/Baths: 1 Bed - 1 Bath
Unit 2
  • 2nd Unit Beds/Baths: 1 Bed - 1 Bath
Unit 3
  • 3rd Unit Beds/Baths: 1 Bed - 1 Bath
Unit 4
  • 4th Unit Beds/Baths: 2 Beds - 1 Bath
Unit 5
  • 5th Unit Beds/Baths: 1 Bed - 1 Bath
Unit 6
  • 6th Unit Beds/Baths: 2 Beds - 1 Bath
Unit 7
  • 7th Unit Beds/Baths: 1 Bed - 1 Bath
Unit 8
  • 8th Unit Beds/Baths: 1 Bed - 1 Bath

Property History for 661 Emerald Bay Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Properties, Michael A Keller, DRE #01374418

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.