$305,000 $385,000 ↓ $80,000 reduced Active
111 Tramway Drive # 5
Stateline, NV 89449
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — many communities in this area restrict short-term rentals.
2 Beds
·
2.0 Baths
·
720 Sq Ft

About This Property

This is the BEST condo for you skiers and hikers. In and out access to the amazing "Heavenly Valley Stagecoach and Boulder" entrances just a short shuttle away. Shuttle to downtown casinos directly across the street. Light and bright and completely upgraded with great taste. Kitchen upgrade with granite counter tops and a deep, extra-large, custom stainless-steel sink with custom faucet. The living room has an exquisite fireplace for those snowy, winter days. Also on the main level is a fully remodeled marble tile bathroom with a full-size bath. The second floor boasts a master bedroom with a king-sized bed featuring a high-end mattress and a private remodeled bathroom with a marble shower for "The Masters" own privacy. New water heater, new toilets, new interior doors, new lighting and newly painted beams and trim. TV and internet included in HOA fees. Just a neat place. ENJOY!!!!!

Listed by Lisa Marx — Tahoe Dream Properties, LLC

Listing Details

Status Active
MLS # 260001721
Days on Market 179
Price/Sq Ft $424

Property History

Feb 14, 2026
Listed for sale
$305,000
Jul 24, 2026
Price changed
$325,000
Aug 07, 2026
Price changed
$305,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2026 · county record $218,250 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 720
Stories 3
Year Built 1977
Property Type Condominium
Subdivision Summit Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-19-611-005
Parking
Total Parking 2
Parking Features Additional Parking
Exterior & Lot
Exterior Features None
Lot Features Sloped Down
Roof Composition
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $1,485
HOA / Community Summit Village HOA Master
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Landscaping, Management, Parking, Sauna, Shuttle Service, None
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 111 Tramway Drive # 5, Stateline

Est. Annual Revenue
$30,169
Avg Nightly Rate
$159
Projected Occupancy
52.1%
Cap Rate
4.0%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
Parcel Size
355 sq ft
Existing Coverage
355 sq ft · 100%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($61,000)
Home price
$305,000
Loan details
30-yr fixed, 6.5%
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