Sold $1,140,000 $1,170,000 Closed
421 Edgewood Drive
Stateline, NV 89449

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SOLD 2026-01-30
Sold for $1,140,000 (listed at $1,170,000)
3 Beds
·
2.0 Baths
·
1,372 Sq Ft

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It sold for $1,140,000 on 2026-01-30, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

About This Property

Discover a rare opportunity to own a completely renovated single-level luxury home in the heart of the prestigious Middle Kingsbury Palisades neighborhood—an enclave cherished for its privacy, natural beauty, and unbeatable access to world-class recreation. Situated on a flat, easily accessible lot, this fully updated residence blends mountain charm with refined modern living and is being offered with a fully furnished great room, making it truly turnkey for personal enjoyment or as a high-yield investment property. Step inside to a stunning open-concept living space where the great room creates a warm and inviting atmosphere, ideal for both entertaining and everyday living. Anchored by a cozy fireplace—capable of both gas and wood-burning use—this gathering space is tastefully styled and comes furnished, allowing buyers or investors to move right in or list it immediately for vacation rental income. The adjacent chef-inspired kitchen is a showpiece, featuring crisp white shaker cabinetry, quartz countertops, and premium Samsung stainless steel appliances. Thoughtful lighting upgrades, including sleek LED fixtures throughout, enhance the home's fresh, modern feel, while solid craftsman-style doors and contemporary finishes add a sense of timeless quality. Beyond the interiors, the home's rear yard is a private, peaceful oasis. A newly installed paver patio overlooks the tranquil Edgewood Creek just a few steps away, offering a serene setting for morning coffee or après-ski relaxation. The backyard is fully fenced—ideal for pets or privacy—and includes a 220V outlet, pre-plumbed for a hot tub, allowing future owners to add one of the most sought-after luxury amenities with ease. The home's exterior improvements are just as impressive: fresh paint, modern garage doors with horizontal glass panels, a long-lasting 50-year composition shingle roof, and a paver driveway bordered by a dramatic boulder retaining wall all contribute to the property's elevated curb appeal. Systems and infrastructure have not been overlooked either—this home features a new high-efficiency hydronic boiler for radiant heating, a radon mitigation system, and fully modernized utility elements to ensure comfort and safety. Beyond the property line, the location is second to none. This home is positioned directly along the historic Pony Express Trail and just a short distance from the Tahoe Rim Trail and Van Sickle Loop—offering hiking, biking, and exploration right out the front door. In winter, ski enthusiasts will revel in the ability to ski from Heavenly's Palisades directly to the home, while Stagecoach and Boulder Lodges are less than four miles away. In summer, Lake Tahoe's shoreline and beaches are within easy reach, along with premier golfing at Edgewood and dining and entertainment in the Stateline corridor just two miles down the hill. Whether you're seeking a full-time mountain residence, a luxurious second home, or a high-performing investment property with short-term rental potential, this Kingsbury Palisades gem checks every box. From its thoughtful upgrades and designer touches to its prime location and unmatched outdoor access, this home offers a lifestyle investment that continues to grow in value. Legal Disclaimer: Property photos may include digital enhancements and/or virtual staging. Actual property condition may differ.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 240009694
Sold Date 2026-01-30
Sold Price $1,140,000
Price/Sq Ft $853

Property History

Jul 17, 2025
Listed for sale
$1,325,000
Current
Sold
$1,140,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2024 $715,000 Craig ZagerColdwell Banker Select ZC Craig ZagerColdwell Banker Select ZC
Jan 2026 · this listing $1,140,000 (+59%) Craig ZagerColdwell Banker Select ZC Michael WondkaChase International - ZC

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,372
Lot Size 0.29 acres
Stories 1
Year Built 1973
Property Type Single Family Residence
Subdivision Kingsbury Palisades
County Douglas
STR Jurisdiction Douglas County
APN 1318-25-111-026
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Greenbelt, Open Lot, Sloped Up
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Brick/Mortar, Crawl Space, Full Perimeter, Pillar/Post/Pier, Slab
Utilities & Systems
Heating Baseboard, Fireplace(s), Hot Water, Natural Gas
Financial
Annual Tax $2,290
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 421 Edgewood Drive, Stateline

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$213
Projected Occupancy
51.4%
Cap Rate
1.3%
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

Over coverage limit
3,403 sq ft covered of 137 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
13,674 sq ft
Allowed Coverage
137 sq ft · 1%
Existing Coverage
3,403 sq ft · 25%
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

Home Insurance Estimate

Standard homeowners policy for this home

$2,000 – $2,900/yr
about $204/mo
Est. Rebuild Cost (Coverage A)
$576,240

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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