Sold $2,170,000 $2,250,000 Closed
189 Ray Way
Zephyr Cove, NV 89448

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SOLD 2026-02-23
Sold for $2,170,000 (listed at $2,250,000)
3 Beds
·
3.0 Baths
·
2,718 Sq Ft

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It sold for $2,170,000 on 2026-02-23, 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

Located in the desirable Skyland lakefront community in Zephyr Cove, The Skyland Retreat is a well-maintained home with thoughtful updates and a functional layout, ideal for full-time living or an East Shore Tahoe getaway. The main living spaces feature vaulted ceilings with exposed beams, floor-to-ceiling windows, recessed lighting, and low-maintenance tile flooring. Two separate living areas offer flexibility for everyday living and entertaining. One includes a wet bar adjacent to a dedicated wine storage closet, creating an inviting space for gatherings. A stone fireplace, designed for gas or wood burning, adds warmth and versatility. The kitchen is both updated and practical, featuring a gas range, quality appliances, and excellent flow into the main living areas. Outdoor spaces are low-maintenance and well cared for, with mature landscaping, landscape lighting, a private fully fenced backyard, and a storage shed. An oversized deck provides space for outdoor dining and relaxation, complete with a fire pit that extends outdoor living year-round. The main level includes a bedroom, full bath, and laundry room. Upstairs, the primary suite and an additional guest bedroom and bath provide separation and privacy. A basement offers additional storage and flexible use. Hydronic baseboard heating delivers efficient, comfortable warmth throughout the home, and a two-car garage adds convenience and storage. A Generac whole-house backup generator provides added reliability in the event of a power outage. Skyland residents enjoy access to a private sandy lakefront beach with kayak and paddleboard storage, just a short walk away one of the defining amenities of this established lakefront community.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Closed
MLS # 260000043
Sold Date 2026-02-23
Sold Price $2,170,000
Price/Sq Ft $828

Property History

Jan 02, 2026
Listed for sale
$2,250,000
Current
Sold
$2,170,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,718
Lot Size 0.29 acres
Stories 2
Year Built 1973
Property Type Single Family Residence
Subdivision Skyland
County Douglas
STR Jurisdiction Douglas County
APN 1318-03-111-049
Parking
Garage Spaces 2
Total Parking 7
Parking Features Additional Parking, Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Fireplace(s), Natural Gas, Radiant
Financial
Annual Tax $5,037
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 189 Ray Way, Zephyr Cove

Est. Gross Annual Revenue
$35K – $95K
typically ~$55,000
Avg Nightly Rate
$294
Projected Occupancy
51.3%
Cap Rate
1.0%
Structural Score: 69 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Zephyr Cove. 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
4,490 sq ft covered of 3,386 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,719 sq ft
Allowed Coverage
3,386 sq ft · 27%
Existing Coverage
4,490 sq ft · 35%
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

$5,100 – $7,500/yr
about $525/mo
Est. Rebuild Cost (Coverage A)
$1,494,900

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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