$399,000 Closed
259 Tramway Drive # 3
Stateline, NV 89449
SOLD 2026-06-18
Sold for $375,000 (listed at $399,000)
2 Beds
·
1.0 Baths
·
600 Sq Ft

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It sold for $375,000 on 2026-06-18, 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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About This Property

Welcome to your Lake Tahoe retreat! This beautifully maintained 2 bedroom, 1 bathroom condo is ideally located on the Nevada side of Lake Tahoe, just minutes from the shores of the lake and world-class skiing at Heavenly Ski Resort. Enjoy the freedom of short-term rental opportunities, thanks to Nevada's rental friendly regulations, making this an excellent investment or your personal vacation home. The unit is being sold fully furnished, so you can move right in and start enjoying mountain living from day one. With low HOA dues, you'll appreciate the ease of ownership while still benefiting from a well-kept community. This includes a common area pool and hot tub! Whether you're seeking a cozy personal getaway, an income-generating property, or both, this Tahoe gem checks all the boxes: location, convenience, and investment potential. Please remove your shoes when touring this beautiful condo.

Listed by Jeffrey Peterson — Excel Real Estate Consultants

Listing Details

Status Closed
MLS # 250055476
Sold Date 2026-06-18
Sold Price $375,000
Price/Sq Ft $665

Property History

Sep 05, 2025
Listed for sale
$399,000
Current
Sold
$375,000
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 1319-30-518-003
Exterior & Lot
Exterior Features Balcony
Lot Features Sloped Down
View Mountain(s), Peek
Roof Flat
Foundation Raised
Utilities & Systems
Heating Fireplace(s), Natural Gas
Cooling Central Air
Financial
Annual Tax $811
HOA Fee $370
HOA / Community Tahoe Village
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 # 3, Stateline

Est. Gross Annual Revenue
$30K – $75K
typically ~$45,000
Avg Nightly Rate
$224
Projected Occupancy
55.0%
Cap Rate
4.5%
Structural Score: 49 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
Parcel Size
601 sq ft
Existing Coverage
504 sq ft · 84%
Addable Coverage
0 sq ft
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
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