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.
Property Details
Price:
$2,149,000
MLS #:
135428
Status:
Sold ((May 27, 2022))
Baths:
0
Address:
661 Emerald Bay Road
Type:
Multi Family
Subtype:
Apt Build 5-12 Units
City:
South Lake Tahoe
Listed Date:
Mar 19, 2022
State:
CA
Finished Sq Ft:
4,400
ZIP:
96150
Lot Size:
43,560 sqft / 1.00 acres (approx)
Year Built:
2012
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Financial
Map
Community
- Address661 Emerald Bay Road South Lake Tahoe CA
- AreaY Area
- CitySouth Lake Tahoe
- CountyEl Dorado
- Zip Code96150
Similar Listings Nearby
Courtesy of Michael Keller of Keller Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the South Tahoe Association of Realtors. Detailed information about real estate listings held by brokerage firms other than Ascent Property Group include the name of the listing broker. Neither the listing company nor Ascent Property Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. South Tahoe Association of Realtors. All rights reserved.
661 Emerald Bay Road
South Lake Tahoe, CA
LIGHTBOX-IMAGES