$4,350,000 Active
108 Ponderosa Drive
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
5 Beds
·
4.5 Baths
·
6,018 Sq Ft

About This Property

Nestled in the Skyland neighborhood on Lake Tahoe's East Shore, this beautifully remodeled home offers the rare combination of luxury living and private beach access. Enjoy filtered lake views from every level and an exceptional floor plan designed for both everyday comfort and entertaining. Extensively renovated, the home features hickory hardwood flooring, sophisticated finishes, and thoughtfully updated living spaces throughout. The chef's kitchen is equipped with premium Wolf and Sub-Zero appliances, including a steam oven, and opens seamlessly to the dining and living areas, creating an ideal setting for gathering with family and friends. Step outside to the expansive deck and take in the peaceful surroundings and lake views. The primary suite serves as a private retreat, complete with dual walk-in closets, in-closet laundry, and a spa-inspired bathroom featuring heated floors, a soaking tub, oversized multi-head shower, and luxurious finishes throughout. Designed with entertaining in mind, the second level includes a custom-built bar, spacious gathering areas, and a private en-suite guest bedroom with its own deck. Additional bedrooms and updated bathrooms provide ample accommodations for family and guests. The lower level offers exceptional flexibility with a second living area, game room, and additional bonus rooms ideal for a home office, fitness space, media room, or overflow guest accommodations. Outside, an oversized private courtyard creates a welcoming entrance, while the fully fenced backyard provides a serene setting for outdoor enjoyment. Additional highlights include a four-car garage, whole-house generator, and numerous upgrades throughout. Located in one of Lake Tahoe's most sought-after lakefront communities, residents enjoy exclusive access to Skyland's private sandy beach, making this an exceptional opportunity to experience the very best of East Shore living.

Listed by Haily Mitchell — Sierra Sotheby's Int'l. Realty

Listing Details

Status Active
MLS # 260006940
Price/Sq Ft $723

Property History

Jun 01, 2026
Listed for sale
$4,350,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 6,018
Lot Size 0.34 acres
Stories 3
Year Built 1964
Property Type Single Family Residence
Subdivision Skyland
County Douglas
STR Jurisdiction Douglas County
APN 1318-03-212-014
Parking
Garage Spaces 4
Total Parking 6
Parking Features Additional Parking, Detached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Fire Pit
Lot Features Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Fireplace(s), Natural Gas, Radiant Floor
Financial
Annual Tax $7,582
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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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 — 108 Ponderosa Drive, Zephyr Cove

Est. Annual Revenue
$232,596
Avg Nightly Rate
$1988
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

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

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% ($870,000)
Home price
$4,350,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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