$1,695,000 Closed
394 Sherwood Drive
Stateline, NV 89449
SOLD 2026-03-25
Sold for $1,695,000
4 Beds
·
3.0 Baths
·
2,263 Sq Ft

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About This Property

Tucked among the pines in beautiful Stateline, this 4-bedroom, 3-bath mountain retreat offers comfort and lake views from every room. The inviting great room centers around a cozy fireplace, creating an ideal setting for gathering after a day on the slopes or the water. Expansive windows invite in natural light and frame views of Lake Tahoe, while the layout flows seamlessly to a generous deck overlooking the lake, perfect for summer evenings, entertaining, or quiet morning coffee. The interior has been freshly painted and professionally cleaned, offering a crisp, move-in-ready feel throughout. The primary suite is a true retreat, featuring lake views from both the bedroom and bathroom, three closets, a separate shower stall, and a jetted soaking tub designed for unwinding in total comfort. Positioned above a U.S. Forest Service lot, the setting provides enhanced privacy and a serene backdrop that will remain undeveloped. A paver driveway and two-car garage add convenience and curb appeal to this well-situated Tahoe home. Whether you're seeking a full-time residence or a mountain getaway, this home delivers the lifestyle that makes Lake Tahoe so iconic.

Listed by The Goff Group — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 260002315
Sold Date 2026-03-25
Sold Price $1,695,000
Price/Sq Ft $749

Property History

Mar 04, 2026
Listed for sale
$1,695,000
Current
Sold
$1,695,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,263
Lot Size 0.36 acres
Stories 2
Year Built 1977
Property Type Single Family Residence
Subdivision Lakewood Knolls
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-710-096
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Down, Sloped Up
View Mountain(s), Peek, Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $5,234
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 394 Sherwood Drive, Stateline

Est. Gross Annual Revenue
$40K – $95K
typically ~$60,000
Avg Nightly Rate
$327
Projected Occupancy
50.3%
Cap Rate
1.4%
Structural Score: 73 / 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

Over coverage limit
4,082 sq ft covered of 2,165 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
15,528 sq ft
Allowed Coverage
2,165 sq ft · 14%
Existing Coverage
4,082 sq ft · 26%
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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