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$2,495,000
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Property Description
Priced below market value for an immediate sale!!!Luxurious Tahoe Keys Waterfront Retreat - 2202 Balboa Drive ---Nestled on one of the most desirable streets in the prestigious Tahoe Keys, 2202 Balboa Drive offers an exceptional combination of luxury, craftsmanship, and lakeside living. With 85 feet of water frontage, a private dock, an overwater deck, and a spacious yard, this property provides effortless lake access and rare privacy -an ideal South Lake Tahoe retreat. --Extensively renovated and expanded in 2015 by a respected local builder, the home showcases meticulous attention to design and detail throughout. The open-concept main level is designed for entertaining, with seamless flow between indoor and outdoor spaces. The chef's kitchen features professional-grade Viking appliances, including a 48-inch, 8-burner range, a built-in refrigerator, hammered copper sink, and extensive knotty alder cabinetry. A large island bar provides casual seating and connects to the inviting living area, while a semi-formal dining space is perfect for family gatherings and holiday dinners. Also on the main level are a convenient office nook, pantry closet, full bathroom, laundry room, and guest bedroom for comfortable, flexible living. --Upstairs, a spacious family room overlooks the lagoon through a dramatic wall of windows and opens to a private balcony. Vaulted tongue-and-groove cedar ceilings, an Xtrordinair gas fireplace with a custom log mantle and solid stone surround, and built-in surround sound create a warm and inviting atmosphere. The adjacent wet bar features leathered granite counters, a beverage fridge, custom cork backsplash, and generous cabinetry ideal for entertaining. --The primary suite offers vaulted cedar ceilings, dual walk-in closets, and a luxurious ensuite bath with a freestanding soaking tub, double vanity, walk-in shower, and heated tile floors. A secondary bedroom suite includes an updated bathroom and balcony access, while a third bedroom and shared full bath complete the upper level. --Exterior upgrades include a lifetime composition roof, Milgard windows and sliding doors, and durable LP Smart Siding. The rare double-deep four-car garage features an 8-by-18-foot solid wood door and rear access to the backyard for easy launching and storage of kayaks and paddleboards. Interior finishes include solid knotty alder doors and millwork, hickory hardwood and travertine tile flooring, custom wainscoting, and numerous built-ins that highlight the home's exceptional craftsmanship. --The backyard is a true outdoor oasis, with mature trees, a paver patio, a built-in BBQ and grilling station, and a relaxing hot tub. Enjoy stunning views of Mount Tallac, a sandy beach, and a U-shaped dock with space for multiple boats. This beautifully updated waterfront home combines comfort, quality, and location in one of L
Full Property Details
Full Property Details for 2202 Balboa Dr
General
- Sold For: $2,495,000
- HOA FEE: $503/month
- HOA FEE FREQ.: Quarterly
- Status: Closed
- Type: Single Family
- Source: South_Tahoe_MLS
- MLS ID: 142306
- Added to Site: 75 day(s) ago
Interior
- Fireplace(s): Gas
- Counters: Granite, Natural Stone, Slab
- Flooring: Carpet, Tile, Wood, Natural Stone
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: Yes
- Bedroom 1: Primary Bath, Double Sinks, Stall Shower, Nat Stone Counter, Slab Counters, Walk-In Closet
Other Rooms
- Kitchen: Garbage Disposal, Trash Compactor, Refrigerator Blt-in, Pantry, Dishwasher Built-in, Gas Range, Double Oven
- Laundry: Laundry Room
- Other Room 1: Living Room, Entry/Foyer, Family Room, Great Room, Formal Dining
Additional Information
- Shared Amenities: Pool, Tennis, Spa, Hot Tub, Club House, Additional Parking, Security, Beach, Dock, Pier, Boat Launch, Marina, Park
- Other Features: Built In Bookcase
Exterior
- Exterior Features: Boat Slip, Boat Dock
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Garage Description: Attached
Location
- Area: Tahoe Keys
- County: El Dorado
- Subdivision: Unavail
- Cross Streets: Capri
Community
- Association: Yes
- Assoc. Fees Include: Water
Heating & Cooling
- Heating Type: Electric, Baseboard, Fireplace, Radiant Heat in Floor
- Water Heater: Electric
Utilities
- Utility Description: ElectricityAvailable, NaturalGasAvailable, Cable TV, Telephone, Underground Utility, Water-Flat Rate
Structural Information
- Construction: Wood Frame, Masonry, Wood Siding, Rock
- Foundation: Concrete/Crawl Space, Slab
- Roof: Composition, Shingle
- Windows: Double Pane, Metal Frame
- Windows/Doors: Double Pane, Metal Frame
- Square Feet: 3,285
- Year Built: 2015
Lot Features
- Property View: Canal, Mountains, Lagoon, Forest, Ski Resort
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size Source: Tax Data
- Grounds/Landscape: Fully Landscaped
- Irrigation System: Full Sprinklers
Green Features
- Green Features: Composite Deck Material, On Demand H2O Heater
Financial Considerations
- Price Per Sq. Ft.: $759.51
- Price Per Acre: $10,395,833.33
- Association Fee: $1,510
- Assoc Fee Freq.: Quarterly
- Terms: Cash
Disclosures and Reports
- CC&Rs: Yes
- APN: 22061048000
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Schools
Schools serving 2202 Balboa Dr
School District:Lake Tahoe Unified School District
| Name | Grades | Distance |
|---|---|---|
Tahoe Valley Elementary School 943 Tahoe Island Drive, South Lake Tahoe, CA 96150 | K-5 | 0.9 mi |
South Tahoe Middle School 2940 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 6-8 | 1.8 mi |
South Tahoe High School 1735 Lake Tahoe Boulevard, South Lake Tahoe, CA 96150 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2202 Balboa Dr
Date
Details
Price
Change
Source
1/06/2026
Sold
$2,495,000
—
MLS
11/21/2025
Price Reduced
$2,495,000
-3.85%
MLS
11/04/2025
Listed
$2,595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2202 Balboa Drive, South Lake Tahoe, CA 96150 (MLS# 142306) is a Single Family property that was sold at $2,495,000 on January 06, 2026. Want to learn more about 2202 Balboa Drive? Do you have questions about finding other Single Family real estate for sale in South Lake Tahoe? You can browse all South Lake Tahoe real estate or contact a Coldwell Banker agent to request more information.

