Sold $1,650,000 Closed
115 Cypress Way
Stateline, NV 89449

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SOLD 2025-11-21
Sold for $1,650,000
4 Beds
·
2.0 Baths
·
2,472 Sq Ft

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It sold for $1,650,000 on 2025-11-21, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

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.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 250056143
Sold Date 2025-11-21
Sold Price $1,650,000
Price/Sq Ft $667

Property History

Sep 20, 2025
Listed for sale
$1,650,000
Current
Sold
$1,650,000

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.

Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,472
Lot Size 0.28 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
Subdivision Granite Springs
County Douglas
STR Jurisdiction Douglas County
APN 1318-26-514-006
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Electric Vehicle Charging Station(s), Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sprinklers In Front, Wooded
View Mountain(s), Peek, Trees/Woods
Construction Insulation - Foam, Insulation - Batts, Insulation - Blown-In, Concrete, Frame, Glass, HardiPlank Type
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space, Full Perimeter, Pillar/Post/Pier
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $4,204
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 115 Cypress Way, Stateline

Est. Gross Annual Revenue
$40K – $80K
typically ~$50,000
Avg Nightly Rate
$290
Projected Occupancy
47.3%
Cap Rate
1.2%
Structural Score: 68 / 100 (Premium) · STR Zone: Green

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

Over coverage limit
4,473 sq ft covered of 1,918 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,192 sq ft
Allowed Coverage
1,918 sq ft · 16%
Existing Coverage
4,473 sq ft · 37%
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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$3,500 – $5,200/yr
about $362/mo
Est. Rebuild Cost (Coverage A)
$1,038,240

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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