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About This Property
Welcome to 115 Cypress Way, a beautifully upgraded and fully furnished four-bedroom, two-bathroom mountain retreat nestled on a quiet cul-de-sac in Stateline, Nevada. Backing directly to the Tahoe National Forest, this home offers rare and immediate access to the famed Tahoe Rim and Van Sickle trail systems, creating a seamless blend of serene privacy and outdoor adventure. Whether you're seeking a luxurious personal getaway, an income-generating vacation rental, or both, this property offers an exceptional opportunity in one of Lake Tahoe's most coveted locations. Inside, you'll find nearly 2,500 square feet of thoughtfully updated living space designed for comfort and function. The main level features an inviting great room with a custom stone electric fireplace and artisan timber mantel, complemented by a bay window seat perfect for reading or relaxing. A spacious dining area connects to the modern kitchen, complete with stainless steel appliances, a breakfast bar, and contemporary lighting. Two bedrooms and a full bathroom on the main level provide flexibility and accessibility for guests, children, or multigenerational living. Upstairs, two additional bedrooms share a spa-inspired bathroom featuring a steam shower, soaking tub, walk-in shower, and elegant vanity. The home also includes a separate lofted office space outfitted with a desk, monitor, keyboard, and mouse—ideal for remote work or extended stays. A laundry room with new washer and dryer, built-in cabinetry, sink, and a convenient dog door rounds out the practical elements that make this home truly turnkey. Step outside to enjoy the newly constructed oversized deck, complete with a 7-person hot tub, gas grill, outdoor dining setup, and a fully fenced backyard—perfect for entertaining, relaxing, or letting pets roam freely. The gently sloped driveway accommodates four vehicles and leads to a finished two-car garage with EV charger, 200 amp electrical service, new composition roof in 2024, keyless entry, and a second dog door. A newly built high-ceiling shed provides additional storage or potential for creative use. Beyond the home itself, the location is nothing short of spectacular. Within minutes, you can access world-class skiing at Heavenly, golfing at Edgewood Tahoe, the Lam Watah Nature Trail to dog-friendly Nevada Beach, and the shops, dining, and entertainment of Heavenly Village and Stateline casinos. For outdoor enthusiasts, this property offers a unique opportunity to hike, bike, ski, or paddleboard—all without needing to drive far. This home has operated as a successful 5-star vacation rental, with a 58 percent occupancy rate and a 60 percent review rate, highlighting its appeal, reliability, and income-generating potential. With central heating, ceiling fans in every bedroom, five exterior security cameras, a noise monitoring system, and up-to-date safety features including smoke and carbon monoxide detectors in every bedroom and hallway, peace of mind comes standard. Whether you're envisioning family ski holidays, tranquil summer evenings under the stars, or consistent short-term rental revenue, 115 Cypress Way delivers the lifestyle, location, and luxury to make it all possible. This is Lake Tahoe living at its finest—where nature, comfort, and investment opportunity come together in perfect harmony. Legal Disclaimer: Property photos may include digital enhancements and/or virtual staging. Actual property condition may differ.
Listing Details
Property History
Sale History · changed hands 2×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jul 2023 | $1,212,500 | Marge Lugo HaugeChase International - ZC | Carmel Allego-FithianColdwell Banker Select Reno |
| Nov 2025 · this listing | $1,650,000 (+36%) | Craig ZagerColdwell Banker Select ZC | Jean MerkelbachEngel & Volkers Lake Tahoe |
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Summary — 115 Cypress Way, Stateline
Based on comparable vacation rental performance data for Stateline. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
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 ↗ How the Basin comparesHome Insurance Estimate
Standard homeowners policy for this home
Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.
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