$1,975,000 Active
359 Summit Drive
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
·
3.5 Baths
·
3,029 Sq Ft

About This Property

Tucked away in a charming and convenient Nevada neighborhood, this dream home has it all. Located just a few homes from the forest with miles of hiking and biking trails, and updated throughout, providing a truly effortless way to enjoy the Tahoe lifestyle. The exterior of the home features a tranquil waterfall in the front while the backyard has a large deck with a recessed hot tub and a park-like setting - all backing to a creek. Inside, the home offers downstairs living with an open floor plan, perfect for entertaining. The large kitchen has an island while the living room is centered by a beautiful granite fireplace, there is also a spacious dining room and a wet bar with a half-bath adjacent. The lower level is rounded off by the primary suite that also opens to the backyard. Upstairs is an additional living room, a bonus room, one en suite bedroom and two more bedrooms with a full bathroom. Just minutes to the beaches, Heavenly, Edgewood golf course and all that South Shore has to offer - you don't want to miss this home!

Listed by Brooke Hernandez — Compass

Listing Details

Status Active
MLS # 260008005
Price/Sq Ft $652

Property History

Jun 22, 2026
Listed for sale
$1,975,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,029
Lot Size 0.39 acres
Stories 2
Year Built 1981
Property Type Single Family Residence
Subdivision Lakewood Knolls
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-610-023
Parking
Garage Spaces 2
Total Parking 6
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped, Sprinklers In Front, Sprinklers In Rear
Construction Stone
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $7,194
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
📊

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 — 359 Summit Drive, Stateline

Est. Annual Revenue
$75,776
Avg Nightly Rate
$743
Projected Occupancy
29.0%
Cap Rate
1.5%
Structural Score: 61 / 100 (Premium) · 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% ($395,000)
Home price
$1,975,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Murat Gocmen.

Or call directly: (530) 317-0373