Nestled at the end of a quiet cul-de-sac, 536 Alpine offers a rare opportunity to own a sprawling waterfront retreat in the highly sought-after Tahoe Keys. Situated on an expansive lot with approximately 100 feet of prime water frontage, this exceptional home boasts breathtaking Mt. Tallac views and a private dock accommodating three boats, a true paradise for lake lovers. Currently in well-loved and mostly original condition, there is incredible potential to add substantial value by updating this home to contemporary standards. With several recent examples of new or renovated homes selling for close to and even over $1,000 per square foot in the neighborhood, the possibilities are endless!The downstairs level is designed for entertainment, featuring a large family room with a full wet bar -perfect for hosting guests. A sliding glass door leads to the lower deck, backyard with a hot tub, and private boat dock, seamlessly blending indoor and outdoor living. Two comfortable guest bedrooms and a full shared bathroom complete this level.Upstairs, the living room is bathed in natural light from two skylights and a wall of windows that frame the tranquil lagoon. A wood pellet stove, set on a stone hearth with a striking granite boulder surround, adds warmth and charm. The open-concept kitchen flows effortlessly into the adjacent dining area, creating the perfect space for gatherings.The primary suite is a true sanctuary, offering serene water views, a private wood pellet stove, sunken jetted tub, separate shower, double vanity, walk-in closet, and direct access to the expansive upper deck ideal for morning coffee or evening relaxation.As a homeowner, you'll enjoy access to premier Tahoe Keys amenities, including private beaches, a pier, tennis and pickleball courts, basketball court, indoor and outdoor pools, parks, and open spaces. Convenient walking and biking paths lead to Camp Richardson, South Shore beaches, and top dining and shopping destinations. Plus, world-class skiing is just a short drive away.Don't miss out on this rare waterfront opportunity, schedule your private showing today!