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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.
Listing Details
Property History
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.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 168 Sierra Colina Drive, 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.
Home 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.
See it in the monthly paymentCost Segregation Tax Savings
Estimated first-year bonus depreciation savings