Set along the crystal-clear shores of Lake Tahoe, this beautifully updated two-bedroom, two-bath townhome with a spacious loft (currently a third sleeping area) offers one of the rarest opportunities in South Lake Tahoe: a turnkey lakefront retreat fully approved for short-term vacation rentals. Located within the Tourist Core and grandfathered under Measure T, it is among the limited number of homes legally permitted to operate as a vacation rental, an increasingly valuable asset in today's market. Whether you're seeking a profitable investment, a personal mountain escape, or both, this property delivers. With a proven history of consistent rental income, the home is offered completely turnkey, including stylish furnishings, dcor, housewares, and everything needed to begin enjoying or renting it immediately. Inside, soaring ceilings with exposed beams create an inviting mountain-lodge atmosphere, while expansive windows fill the living spaces with natural light. The open-concept floor plan centers around a cozy fireplace and flows to a private deck, the perfect setting for aprs-ski evenings, summer barbecues, or quiet mornings surrounded by towering pines. The recently remodeled kitchen features premium appliances, quartz countertops, abundant cabinetry, and generous workspace. The home comfortably sleeps up to seven across two spacious bedrooms and the versatile loft, complemented by two beautifully remodeled bathrooms and in-home laundry for extended stays and effortless guest turnovers. Beyond the home lies one of Lake Tahoe's most desirable resort communities. Lakeland Village spans 19 forested acres with over 1,000 feet of private sandy beach frontage, an amenity few properties can match. Owners and guests enjoy resort-style amenities including multiple pools, hot tubs, tennis courts, a fitness center, saunas, and a private pier. Leave the car behind and walk to restaurants, shopping, marinas, water sports, and El Dorado Beach, while Heavenly Mountain Resort and several of Tahoe's premier ski destinations are only minutes away. Summer days are spent boating, paddleboarding, and relaxing on the beach, while winter brings world-class skiing followed by evenings around the fire or soaking in the spa beneath the stars. Very few properties in South Lake Tahoe combine private lakefront living, premier resort amenities, and legally permitted short-term rental status. Add its established rental performance, turnkey furnishings and exceptional location.