$1,899,000 Active
168 Sierra Colina Drive
Stateline, NV 89449

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✓ VHR Permits Available — 1 left in Sierra Colina
Douglas County caps vacation-rental permits by neighborhood. Sierra Colina has 1 of its 7 permits unissued (county data, Nov 1, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
3 Beds
·
2.5 Baths
·
2,188 Sq Ft

Our data on this home

About This Property

Attention Investors! Discover exceptional value in Sierra Colina- a coveted, gated luxury enclave where the developer's inventory is completely sold out. With limited resale opportunities, this beautifully appointed residence presents a compelling chance to secure newer-construction luxury within walking distance of Lake Tahoe. A leading international travel report has named South Lake Tahoe the world's #1 trending destination for 2027, with traveler searches surging 195 percent. Against this backdrop of growing global interest, Sierra Colina offers an exceptional blend of sophisticated mountain living, natural beauty, and an extraordinary four-season lifestyle within a private gated enclave. Built in 2021, this 3-bedroom, 2.5-bath residence offers 2,188 square feet of sophisticated mountain-modern living, designed for comfort and effortless entertaining. Soaring 19-foot wood beamed cathedral ceilings and expansive windows fill the main living area with natural light, while a cozy stone fireplace creates a warm and inviting mountain ambiance. The open-concept gourmet kitchen showcases premium Wolf, Sub-Zero, and Cove appliances, complemented by custom pantry storage and an adjacent dining area that seamlessly connects indoor and outdoor living. Step onto the expansive covered deck, complete with a built-in gas line and hot tub readiness, creating an inviting setting for year-round relaxation and entertaining. The main-level primary suite offers a luxurious retreat with a spa inspired ensuite featuring radiant heated floors, a freestanding soaking tub, and a custom tiled shower. Two additional bedrooms and a full bath on the entry level provide separation and privacy for guests. Thoughtful upgrades include plantation shutters with a lifetime warranty and custom closet and pantry buildouts. The spacious two-car garage features additional storage closets for all your Tahoe adventure essentials, along with a 240V NEMA 14-50 outlet for compatible electric vehicle charging equipment. Enjoy true "lock-and-leave" convenience with HOA-covered exterior maintenance, master insurance coverage, landscaping, and snow removal, allowing you to spend more time enjoying Tahoe and less time maintaining it! Ideally situated just 1.5 miles from Nevada Beach, Tahoe Beach Club, and Edgewood Tahoe Golf Course, and approximately 2 miles from Heavenly Mountain Resort, Sierra Colina places world-class skiing, championship golf, pristine beaches, and South Lake Tahoe's vibrant dining, shopping, and entertainment within easy reach. An abundance of hiking and biking trails accessible right outside your door invites year-round exploration of the surrounding Sierra landscape. Take advantage of Nevada's tax-friendly environment, including no state individual income tax, adding another dimension of appeal to this exceptional mountain retreat. Investor bonus: Short-Term Rentals are allowed with proper permitting! A rare opportunity at this exceptional price point to own a low-maintenance luxury home in one of Tahoe's most desirable communities.

Listed by Crystal Shearman — Chase International - ZC

Listing Details

Status Active
MLS # 260014172
Price/Sq Ft $868

Property History

Nov 13, 2026
Listed for sale
$1,899,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2021 · county record $1,824,990 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,188
Lot Size 0.05 acres
Stories 2
Year Built 2021
Property Type Townhouse
Subdivision Sierra Colina
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-315-030
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Common Area, Landscaped, Sloped Down, Sprinklers In Front, Wooded
View Mountain(s), Trees/Woods
Construction Cedar
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Electric, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Radiant Floor
Cooling Central Air, Electric, ENERGY STAR Qualified Equipment
Financial
Annual Tax $11,916
HOA Fee $570 / Monthly
HOA / Community Sierra Colina Homeowners Association
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Gated, Landscaping
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Luxury
76
PROJECTED GROSS ANNUAL REVENUE
$35K – $95K typically ~$55,000
~$4,583 per month
Avg Nightly
$299
Occupancy
50%
Cap Rate
1.2%

STR Investment Summary — 168 Sierra Colina Drive, Stateline

Est. Gross Annual Revenue
$35K – $95K
typically ~$55,000
Avg Nightly Rate
$299
Projected Occupancy
50.4%
Cap Rate
1.2%
Structural Score: 76 / 100 (Luxury) · 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.

Home Insurance Estimate

Standard homeowners policy for this home

$2,200 – $3,300/yr
about $229/mo
Est. Rebuild Cost (Coverage A)
$656,400

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$11,394 per month
Principal & interest
$9,602/mo
Property taxes
$993/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$570/mo
From MLS listing data.
Home insurance
$229/mo
Estimated ~$2,200–$3,300/yr — get a local broker quote for accuracy.
Down payment
20% ($379,800)
Home price
$1,899,000
Loan details
30-yr fixed, 6.5%
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