$3,800,000 Active
254 Pleasant Circle
Stateline, NV 89449

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✓ VHR Permits Available — 20 left in Chimney Rock
Douglas County caps vacation-rental permits by neighborhood. Chimney Rock has 20 of its 62 permits unissued (county data, Oct 16, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
7 Beds
·
4.5 Baths
·
4,970 Sq Ft

Our data on this home

About This Property

Discover an extraordinary mountain retreat at 254 Pleasant Circle, a stunning 5,000-square-foot Mountain Craftsman home nestled on approximately half an acre and surrounded by protected Forest Service lots. Large three car garage seldom found in Tahoe. Tucked away at the end of a quiet cul-de-sac in the heart of Kingsbury, this exceptional property offers a rare combination of privacy, craftsmanship, space, and the quintessential Lake Tahoe lifestyle. Featuring an incredible 6,000 hours of custom woodworking, this home is a true showcase of artistry and attention to detail. From the striking live-edge kitchen countertops to the hand-carved wood railings and custom-built staircases, every element reflects the warmth and character of handcrafted mountain design. Expansive vaulted ceilings throughout create a dramatic sense of scale, while the thoughtfully designed interiors celebrate the natural beauty of wood and the surrounding forest. The home's generous living spaces extend outdoors to massive decks, perfect for entertaining, relaxing, and taking in the peaceful forest setting. The deck has been completely refinished and resupported, adding renewed functionality and peace of mind. Inside, unwind in a massive architectural masterpiece with character found throughout this one-of-a-kind residence. Ideally located in Mid-Kingsbury, just minutes from Heavenly Mountain Resort and the attractions, dining, and recreation of South Lake Tahoe, this property puts year-round adventure within easy reach while maintaining the feeling of a secluded mountain sanctuary. A rare opportunity to own a substantial, custom-crafted mountain home where exceptional woodworking, expansive living spaces, and a private forest setting come together to create something truly special. Also, the 7-bedroom layout is perfect for multi-generational living and an ideal vacation rental with similar properties generating $200K per year.

Listed by Elliot Young — Chase International - ZC

Listing Details

Status Active
MLS # 260013636
Days on Market 1
Price/Sq Ft $765

Property History

Oct 29, 2026
Listed for sale
$3,650,000
Oct 29, 2026
Price increased
$3,800,000 $3,650,000 ↑ $150,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2022 · county record $2,275,000 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 7
Baths 4.5
Sq. Ft. 4,970
Lot Size 0.40 acres
Stories 3
Year Built 1978
Property Type Single Family Residence
Subdivision Foothill Estates
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-611-006
Parking
Garage Spaces 3
Total Parking 6
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level, Wooded
View Trees/Woods
Construction Log
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $10,141
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,459 sq ft covered of 3,195 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
16,655 sq ft
Allowed Coverage
3,195 sq ft · 19%
Existing Coverage
4,459 sq ft · 27%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 4, 6
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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$9,300 – $13,700/yr
about $958/mo
Est. Rebuild Cost (Coverage A)
$2,733,500

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

$21,018 per month
Principal & interest
$19,215/mo
Property taxes
$845/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$958/mo
Estimated ~$9,300–$13,700/yr — get a local broker quote for accuracy.
Down payment
20% ($760,000)
Home price
$3,800,000
Loan details
30-yr fixed, 6.5%
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