Sold $320,000 $339,000 Closed
259 Tramway Drive #4
Stateline, NV 89449

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SOLD 2026-05-11
Sold for $320,000 (listed at $339,000)
2 Beds
·
1.0 Baths
·
600 Sq Ft

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What's this home worth today?

It sold for $320,000 on 2026-05-11, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

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 Closed
MLS # 250054161
Sold Date 2026-05-11
Sold Price $320,000
Price/Sq Ft $565

Property History

Aug 07, 2025
Listed for sale
$390,000
Current
Sold
$320,000
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 Summary — 259 Tramway Drive #4, Stateline

Est. Gross Annual Revenue
$30K – $75K
typically ~$45,000
Avg Nightly Rate
$224
Projected Occupancy
55.0%
Cap Rate
5.3%
Structural Score: 46 / 100 (Standard) · 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

$600 – $900/yr
about $62/mo
Est. Rebuild Cost (Coverage A)
$180,000

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

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