$695,000
151 Palisades Drive #7
Stateline, NV 89449
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
2 Beds
·
2.5 Baths
·
1,440 Sq Ft

About This Property

Welcome to this Lake Tahoe condo in the desirable Middle Kingsbury neighborhood of Stateline, Nevada. This well-maintained 2-bedroom, 2.5-bath home offers an open layout with a well-equipped kitchen, modern lighting, foosball table, and two private balconies overlooking mature pines. Recent updates include a new washer and dryer, new blinds, a newer heater (2020), and water heater (2021), plus a whole-house fan for summer comfort. A rare two-car garage and HOA services including snow removal, trash, and exterior maintenance provide easy living. Located about 2.5 miles from Heavenly's Boulder and Stagecoach Lodges and just over a mile from Stateline dining, casinos, beaches, and entertainment, this property is currently a permitted short-term rental and ideal as a primary home, second home, or income-producing Tahoe retreat.

Listed by Larry Peyton — LPT Realty LLC

Listing Details

Status Active
MLS # 260001230
Days on Market 34
Price/Sq Ft $483

Property History

Feb 04, 2026
Listed for sale
$695,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,440
Lot Size 0.02 acres
Stories 2
Year Built 1986
Property Type Condominium
Subdivision Manzanita Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-24-411-007
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Up, Wooded
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $3,591
HOA Fee $346 / Monthly
HOA / Community Southstar Pines
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities 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 — 151 Palisades Drive #7, Stateline

Est. Annual Revenue
$43,470
Avg Nightly Rate
$323
Projected Occupancy
36.2%
Cap Rate
2.5%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($139,000)
Home price
$695,000
Loan details
30-yr fixed, 6.5%
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Email 9166671444

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