$1,240,000 $1,439,000 ↓ $199,000 reduced Active
692 Kingsbury Grade Road
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.
5 Beds
·
4.0 Baths
·
2,793 Sq Ft

About This Property

Priced to sell this Weekend! Your Year-Round Mountain Retreat Awaits! Welcome to a one-of-a-kind 5-bedroom, 3 full bath, 2 half bath mountain getaway perfectly designed for fun, relaxation, and unforgettable memories. Just minutes from Heavenly Ski Resort's Boulder and Stagecoach Lodges — and a short drive to the casinos — this home is the ultimate blend of adventure and comfort. Step inside and discover a unique split-level layout that offers exceptional privacy for guests and family alike. Enjoy two luxurious bathtub jacuzzis, a steam shower, and a 7-8 person hot tub under the stars. The chef's kitchen features a gas stove, while the spacious living and game areas are perfect for entertaining — complete with a pool table, foosball table, and plenty of room for everyone to gather. Outside, you'll find a large outdoor entertaining area with a cozy gas fire pit, ideal for après-ski evenings or summer nights with friends. The backyard even boasts its own sledding hill — a hit with kids and adults alike! And yes — this home is both kid- and pet-friendly. Whether you're seeking a full-time residence, vacation retreat, or income-producing rental, this property offers it all — location, amenities, and a lifestyle you'll never want to leave.

Listed by Paul Windt — eXp Realty

Listing Details

Status Active
MLS # 250054298
Days on Market 347
Price/Sq Ft $444

Property History

Aug 09, 2025
Listed for sale
$1,240,000
Jul 02, 2026
Price changed
$1,240,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 2,793
Lot Size 0.59 acres
Stories 2
Year Built 1961
Property Type Single Family Residence
Subdivision Kingsbury Estates
County Douglas
STR Jurisdiction Douglas County
APN 1319-19-310-002
Parking
Garage Spaces 3
Total Parking 10
Parking Features Attached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Gentle Sloping, Level, Wooded
Roof Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Baseboard, Fireplace(s)
Financial
Annual Tax $3,066
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

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 692 Kingsbury Grade Road, Stateline

Est. Annual Revenue
$69,931
Avg Nightly Rate
$407
Projected Occupancy
47.1%
Cap Rate
2.3%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
5,626 sq ft covered of 267 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
26,682 sq ft
Allowed Coverage
267 sq ft · 1%
Existing Coverage
5,626 sq ft · 21%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($248,000)
Home price
$1,240,000
Loan details
30-yr fixed, 6.5%
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