$650,000 Active
305 Galaxy Lane # 1
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
·
3.0 Baths
·
1,260 Sq Ft

About This Property

Lowest priced 4-bedroom, 3 bath-condo in Lake Tahoe, NV! Why own one condo when you can own two? Two spaces, one ownership, unlimited possibilities. Great opportunity to own two separate "end-units" for the price of one! Each unit has its own entrance, privacy and living area. Use one level for yourself; or give family and friends their own private retreat, or use as a home-office, or recreation space. The upper unit (unit 1) features two bedrooms one bath, with full kitchen & laundry. The lower unit (unit 1A) has two bedrooms, two baths (one an ensuite), mini-kitchen, and laundry. Both units have a gas log fireplace, which heat the unit by the hall thermostat, all bedrooms have an electric thermostat/baseboard heat, and both units are fully furnished. Live in one unit & potentially rent out the other. Or simply enjoy the flexibility of having two completely separate spaces. The building is very well maintained and even has ski lockers. The Galaxy building HOA covers management, building insurance, exterior maintenance, snow removal for the stairs. The buyer is to pay a one-time 3925 towards the HOA reserve fund. Tahoe Village HOA covers snow removal for the loading and unloading zone, parking lots and streets. Trash is also included, as is access to the brand-new community pool and spa (still under construction). Super close to world class skiing at Heavenly Valley, miles of hiking trails, and only ten minutes to the casino corridor. Walking distance to Fox & Hound Bar & Grill and local market.

Listed by Michael Wondka — Chase International - ZC

Listing Details

Status Active
MLS # 260007999
Price/Sq Ft $516

Property History

Jun 22, 2026
Listed for sale
$650,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,260
Lot Size 0.06 acres
Stories 2
Year Built 1980
Property Type Townhouse
Subdivision Tahoe Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-30-534-001
Parking
Total Parking 4
Parking Features Additional Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Level, Sloped Up
View Mountain(s), Trees/Woods
Roof Metal, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Electric, Fireplace(s), Natural Gas
Financial
Annual Tax $1,496
HOA Fee $270 / Monthly
HOA / Community 305 Galaxy Lane HOA Inc
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 — 305 Galaxy Lane # 1, Stateline

Est. Annual Revenue
$40,249
Avg Nightly Rate
$417
Projected Occupancy
28.6%
Cap Rate
2.5%
Structural Score: 48 / 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
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% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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