$1,999,999 Active Under Contract
364 Terrace View 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
·
5.0 Baths
·
2,973 Sq Ft

About This Property

OWNER FINANCING MAKES YOUR TAHOE DREAM POSSIBLE! Skip the bank. Zero closing costs and owner financing with 40% down. Rare in Tahoe, it means fast close, easy qualification, and thousands in savings. Move-in ready. With mountain, forest and a filtered lake view, this freshly updated two-story home delivers space and quiet, yet is close to the ski slopes. New flooring and fresh painting throughout. 4 bedrooms, 5 bathrooms, two living areas, open kitchen, 2 flex rooms - set them up as home offices, a study, a small theater, even as a private gym. Drought-conscious lavender field adds character while keeping water use low. Fenced back yard. Three heat sources: central heating with backup gas and wood fireplaces mean you'll never be cold. Laundry room with washer/dryer. Generous backyard under porch storage. Large, finished 3 car garage. Located in a quiet neighborhood with walking and biking trails, the school bus stops directly in front of the house. The lifts for the Heavenly Mountain Ski Resort are only 7 minutes away. With no HOA, zero state income taxes, and owner financing, what could be better?

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active Under Contract
MLS # 260008499
Days on Market 46
Price/Sq Ft $673

Property History

Jul 02, 2026
Listed for sale
$1,999,999
Aug 01, 2026
Pending
$1,999,999

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2003 · county record $547,500 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 4
Baths 5.0
Sq. Ft. 2,973
Lot Size 0.27 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
Subdivision Terrace View Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-510-008
Parking
Garage Spaces 3
Total Parking 7
Parking Features Additional Parking, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Corner Lot
View Mountain(s), Trees/Woods
Construction Frame
Roof Asphalt
Foundation Crawl Space, Slab
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $5,068
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

Yellow Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$70,305 ($55K – $87K range)
~$5,859 per month
Avg Nightly
$402
Occupancy
48%
Cap Rate
1.4%

STR Investment Summary — 364 Terrace View Drive, Stateline

Est. Gross Annual Revenue
$70,305
Avg Nightly Rate
$402
Projected Occupancy
47.9%
Cap Rate
1.4%
Structural Score: 70 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Gross of management, cleaning and platform fees. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,826 sq ft covered of 2,388 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,948 sq ft
Allowed Coverage
2,388 sq ft · 20%
Existing Coverage
3,826 sq ft · 32%
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 ↗

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% ($400,000)
Home price
$1,999,999
Loan details
30-yr fixed, 6.5%
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