$795,000 Active
191 Tramway 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.
4 Beds
·

About This Property

Experience mountain living at its finest with breathtaking views, crisp alpine air, and an unbeatable location. This beautifully updated duplex offers the perfect balance of adventure and relaxation, just minutes from world-class ski resorts and the pristine beaches of Lake Tahoe. Inside, you'll find a thoughtfully renovated interior featuring a modern kitchen, tile floors, and brand-new appliances, creating a warm and inviting mountain retreat. Whether you're seeking a full-time residence, vacation getaway, or investment opportunity, this property delivers exceptional flexibility. The duplex layout provides outstanding income potential—live comfortably in one unit while generating rental income from the other, or maximize returns by renting both sides. An additional 300-square-foot loft offers valuable bonus space not included in the stated square footage, providing even more room for guests, recreation, or storage. Unit B is mirror image of unit A and is unfurnished. All furnishings are included. Don't miss this rare opportunity to own a turnkey mountain property that combines lifestyle, convenience, and investment potential in one exceptional package. HOA is 263.50 monthly for both units! Property is a short term rental, please call listing agent for showings.

Listed by Carmel Allego-Fithian — Coldwell Banker Select Reno

Listing Details

Status Active
MLS # 260008475
Days on Market 45

Property History

Jul 02, 2026
Listed for sale
$795,000
Property Overview
Beds 4
Lot Size 0.06 acres
Stories 2
Year Built 1977
Property Type Duplex
Subdivision Summit Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-19-720-034
Parking
Total Parking 4
Parking Features Detached
Exterior & Lot
Exterior Features None
Lot Features Sloped Up
Construction Unknown
Roof Composition, Pitched, Shingle
Foundation Brick/Mortar
Pool & Spa
Pool No
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $2,683
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Management, Parking
📊

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 — 191 Tramway Drive, Stateline

Est. Annual Revenue
$54,127
Avg Nightly Rate
$308
Projected Occupancy
48.1%
Cap Rate
2.7%
Structural Score: 49 / 100 (Standard) · 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

Over coverage limit
Parcel Size
2,506 sq ft
Existing Coverage
1,625 sq ft · 65%
Addable Coverage
0 sq ft
Existing Units
2

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% ($159,000)
Home price
$795,000
Loan details
30-yr fixed, 6.5%
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