Sold $2,100,000 Closed
437 Panorama Drive
Stateline, NV 89449

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SOLD 2026-05-08
Sold for $2,100,000
5 Beds
·
5.0 Baths
·
3,588 Sq Ft

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It sold for $2,100,000 on 2026-05-08, 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

Nestled in the desirable Mid-Kingsbury area, this luxury mountain home offers a rare combination of privacy, strong rental income potential, and year-round Tahoe lifestyle. Located on a quiet cul-de-sac and backing to Forest Service land, it provides direct access to nature while being just minutes from world-class skiing, hiking and Lake Tahoe. Currently operating as a successful vacation rental, the home is designed to maximize both guest experience and owner enjoyment. An expansive third-floor entertainment space with a wet bar and multiple living areas is ideal for hosting, while dual laundry areas add convenience. Outdoor living is equally inviting, featuring spacious decks, a hot tub, and a built-in fire pit perfect for relaxing after a day of recreation. This is a unique opportunity to own a property that functions as both a private mountain retreat and a high-performing investment, capturing the best of the Tahoe lifestyle while delivering meaningful income potential.

Listed by Mike Dunn — Chase International - ZC

Listing Details

Status Closed
MLS # 260003629
Sold Date 2026-05-08
Sold Price $2,100,000
Price/Sq Ft $585

Property History

Mar 30, 2026
Listed for sale
$2,100,000
Current
Sold
$2,100,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 3,588
Lot Size 0.27 acres
Stories 3
Year Built 1966
Property Type Single Family Residence
Subdivision Kingsbury Palisades
County Douglas
STR Jurisdiction Douglas County
APN 1318-25-111-020
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Cul-De-Sac, Level, Sloped Down, Wooded
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Electric, Fireplace(s), Natural Gas
Cooling Electric
Financial
Annual Tax $6,956
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 437 Panorama Drive, Stateline

Est. Gross Annual Revenue
$35K – $105K
typically ~$75,000
Avg Nightly Rate
$435
Projected Occupancy
47.2%
Cap Rate
1.5%
Structural Score: 65 / 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
5,183 sq ft covered of 128 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,835 sq ft
Allowed Coverage
128 sq ft · 1%
Existing Coverage
5,183 sq ft · 40%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
2
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

$6,700 – $9,900/yr
about $692/mo
Est. Rebuild Cost (Coverage A)
$1,973,400

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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