$1,950,000 $2,170,000 ↓ $220,000 reduced Active
160 Sierra Colina Drive
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.
3 Beds
·
2.5 Baths
·
2,188 Sq Ft

About This Property

Tucked in the prestigious gated community of Sierra Colina, this newly built 3-bedroom, 2.5-bath modern townhome offers the ultimate blend of elegance and adventure—just moments from the shores of Lake Tahoe. From the moment you step inside, you're greeted by soaring ceilings and designer finishes. The gourmet kitchen features sleek cabinetry, premium appliances, and a large island perfect for entertaining. Enjoy low-maintenance living with HOA amenities, including snow removal and exterior maintenance, while still having access to hiking trails, beaches, Heavenly Ski Resort, and all that South Lake Tahoe has to offer. As a Nevada-side property, you'll also benefit from favorable tax advantages. Whether you're looking for a full-time residence, vacation escape, or investment opportunity, 160 Sierra Colina is a rare find in an unbeatable location.

Listed by Angelia Morelli — Coldwell Banker Select RE M

Listing Details

Status Active
MLS # 250054329
Days on Market 368
Price/Sq Ft $891

Property History

Aug 09, 2025
Listed for sale
$1,950,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2022 · county record $1,837,404 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 3
Baths 2.5
Sq. Ft. 2,188
Lot Size 0.05 acres
Stories 2
Year Built 2022
Property Type Townhouse
Subdivision Sierra Colina
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-315-032
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Tar/Gravel
Foundation Slab
Pool & Spa
Pool No
Utilities & Systems
Heating Fireplace(s), Heat Pump, Hot Water, Natural Gas, Radiant Floor
Cooling Heat Pump
Financial
Annual Tax $10,109
HOA Fee $680 / Monthly
HOA / Community Association Sierra North
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Landscaping, Maintenance Grounds
📊

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 — 160 Sierra Colina Drive, Stateline

Est. Annual Revenue
$32,961
Avg Nightly Rate
$188
Projected Occupancy
47.8%
Cap Rate
0.7%
Structural Score: 59 / 100 (Premium) · 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

Room to build
0 sq ft covered of 418 sq ft allowed
418 sq ft of coverage still available to add.
Parcel Size
2,091 sq ft
Allowed Coverage
418 sq ft · 20%
Existing Coverage
0 sq ft
Addable Coverage
418 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% ($390,000)
Home price
$1,950,000
Loan details
30-yr fixed, 6.5%
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