$339,000
259 Tramway Drive #4
Stateline, NV 89449
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
2 Beds
·
1.0 Baths
·
600 Sq Ft

About This Property

~~~ PRICE IMPROVEMENT~~~ Welcome to your cozy mountain escape! This beautifully maintained 2 bedroom, 1 bathroom condo offers 600 square feet of efficient living space, in an unbeatable location on the Nevada side of South Lake Tahoe. Just minutes from the world-renowned Heavenly Village with world-class skiing, hiking trails, shops, restaurants, exciting casino nightlife, and of course the sparkling shores of Lake Tahoe, this condo has everything you need, right at your doorstep. Inside, you'll find a comfortable layout with natural light and warm finishes, perfect for year-round living or a weekend getaway. Whether you're seeking a weekend getaway, a vacation rental, or a low maintenance full time residence, this condo offers both convenience and comfort. The well-managed complex features low HOA dues that includes cable TV, trash service, snow removal, and access to resort-style amenities like a pool and hot tub! Don't miss this rare opportunity to own a piece of Tahoe just steps from the action, with all the perks and none of the stress!

Listed by Jeffrey Peterson — Excel Real Estate Consultants

Listing Details

Status Active
MLS # 250054161
Days on Market 233
Price/Sq Ft $565

Property History

Aug 07, 2025
Listed for sale
$339,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 600
Stories 1
Year Built 1979
Property Type Condominium
Subdivision Tahoe Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-30-518-004
Parking
Parking Features Common
Exterior & Lot
Exterior Features Balcony
Lot Features Sloped Down
View Mountain(s), Peek
Roof Flat
Foundation Raised
Pool & Spa
Pool No
Utilities & Systems
Heating Fireplace(s)
Financial
Annual Tax $1,353
HOA Fee $181 / Monthly
HOA / Community First Choice Residential
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Pool, Spa/Hot Tub
📊

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 — 259 Tramway Drive #4, Stateline

Est. Annual Revenue
$55,256
Avg Nightly Rate
$320
Projected Occupancy
45.2%
Cap Rate
6.5%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($67,800)
Home price
$339,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314
Email 9166671444

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