Sold $1,355,000 $1,430,000 Closed
370 Summit Drive
Stateline, NV 89449

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SOLD 2025-12-19
Sold for $1,355,000 (listed at $1,430,000)
2 Beds
·
2.5 Baths
·
1,534 Sq Ft
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About This Property

Experience the essence of Tahoe living at 370 Summit Drive, a truly unique and exquisitely maintained mountain modern retreat nestled in one of Lake Tahoe's most desirable communities, Middle Kingsbury. Step onto the deck and be greeted by the tranquil sounds of Burke Creek flowing just beyond your front door. This thoughtfully renovated , fully furnished, move-in-ready home offers a serene setting that's hard to find, especially on a generous 0.54-acre lot. This peaceful creekside ambiance creates the perfect backdrop for relaxation. Renovations were completed in 2025. Wrapped in warm cedar and accented with natural river rock, this home makes a striking architectural statement. Inside, discover 2 bedrooms, 2.5 bathrooms, and a seamless blend of modern luxury and rustic elegance. Soaring vaulted cedar plank ceilings and an expansive glass wall flood the open-concept living space with natural light, bringing the outdoors in, while central air conditioning ensures year-round comfort. A granite stone wood burning fireplace serves as the centerpiece of the living area, seamlessly complementing the gourmet kitchen featuring leathered granite countertops, soft close cabinetry, a hand-selected marble backsplash, a large island with seating for four, top of the line appliances, and high-end finishes throughout. In addition, engineered hickory hardwood floors were carefully selected for their exceptional durability and timeless quality. The primary suite offers a walk-in closet and a beautifully appointed ensuite bath, featuring dual sinks and a spacious shower with a natural stone floor that has been artfully designed bringing the beauty of the outdoors inside. Upstairs, the guest suite provides comfort and privacy with its own ensuite bathroom and a sliding glass door that opens to a private deck overlooking Burke Creek, an ideal retreat for visitors or extended stays. This home boasts a brand-new furnace and air conditioning system, a tankless water heater, a new roof, and completely updated electrical wiring and plumbing. Modern smart-home features include five Ring security cameras and a Nest thermostat for comfort and peace of mind. Tucked away on a peaceful cul-de-sac, the property offers generous parking and effortless access to the natural beauty that surrounds it with miles of hiking and biking trails just steps away, including the popular Stinger Trail. A storage shed located at the far north corner of the property offers convenient space for yard tools, outdoor equipment, and additional storage needs. Beyond the property's boundaries, you'll have access to a wealth of year-round recreational activities. Explore nearby world-class ski resorts, or enjoy thrilling water sports on the pristine waters of Lake Tahoe. It's the perfect retreat after a day of outdoor adventures. Whether you're looking for a private mountain escape or a lucrative rental investment, this creekside luxury retreat is the opportunity you've been waiting for. Schedule your private showing today and experience Tahoe living at its finest.

Listed by Jennifer McLaughlin — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 250054233
Sold Date 2025-12-19
Sold Price $1,355,000
Price/Sq Ft $932

Property History

Aug 08, 2025
Listed for sale
$1,475,000
Current
Sold
$1,355,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,534
Lot Size 0.54 acres
Stories 2
Year Built 1959
Property Type Single Family Residence
Subdivision Kingsbury Meadows
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-602-014
Parking
Total Parking 4
Parking Features Additional Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Cul-De-Sac, Landscaped, Level, Wooded
View Trees/Woods
Construction Cedar, Frame, Glass, ICAT Recessed Lighting, Stone, Wood Siding
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas, Wood
Cooling Central Air, Refrigerated
Financial
Annual Tax $3,245
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 370 Summit Drive, Stateline

Est. Gross Annual Revenue
$25K – $60K
typically ~$40,000
Avg Nightly Rate
$207
Projected Occupancy
52.9%
Cap Rate
1.1%
Structural Score: 67 / 100 (Premium) · 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

Room to build
4,370 sq ft covered of 4,815 sq ft allowed
444 sq ft of coverage still available to add.
Parcel Size
24,074 sq ft
Allowed Coverage
4,815 sq ft · 20%
Existing Coverage
4,370 sq ft · 18%
Addable Coverage
444 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

Home Insurance Estimate

Standard homeowners policy for this home

$2,200 – $3,200/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$644,280

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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