$4,000,000 Active
220 Sleepy Hollow Glen
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.
4 Beds
·
5.5 Baths
·
4,363 Sq Ft

About This Property

Experience elevated mountain living in this exceptional turnkey contemporary retreat offering breathtaking lake and mountain views, multiple entertainment spaces, and thoughtfully designed privacy throughout the home. Blending luxury, comfort, and functionality, this spacious residence is perfectly suited for full-time living, vacation enjoyment, or hosting family and guests in style. The upper level showcases a dramatic great room featuring soaring vaulted ceilings, expansive windows framing the surrounding scenery, and a striking granite stone gas fireplace. The chef's kitchen was designed with entertaining in mind and offers premium appliances, multiple ovens, dual dishwashers, and incredible lake and mountain views from nearly every vantage point. Adjacent dining and living areas flow seamlessly onto the expansive outdoor deck, creating the perfect setting for outdoor dining, relaxing, and entertaining year-round. The luxurious primary suite is conveniently located on the main living level and includes its own fireplace and spa-inspired bath with steam shower. A newly added half bath off the upstairs living area adds additional convenience for guests. Each additional bedroom is privately situated on lower levels and features its own en-suite bathroom, creating ideal accommodations for family and visitors. The lower-level game room offers a secondary gathering space complete with open beam ceilings, another impressive granite stone gas fireplace, and direct access to the covered outdoor hot tub overlooking the lake. Recent upgrades further enhance the home's comfort and convenience, including a newly installed three-level elevator, heated driveway, solar panels, EV charging station, and low-maintenance turf landscaping. Additional highlights include in-floor hydronic heating, a finished two-car garage, additional single garage bay, workshop space, and an office with lake views. Ideally located near world-class skiing, beaches, boating, shopping, dining, and entertainment, this extraordinary mountain property offers the perfect balance of luxury, accessibility, and Tahoe lifestyle living.

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

Listing Details

Status Active
MLS # 260007038
Price/Sq Ft $917

Property History

Jun 03, 2026
Listed for sale
$4,000,000
Property Overview
Beds 4
Baths 5.5
Sq. Ft. 4,363
Lot Size 0.22 acres
Stories 3
Year Built 2010
Property Type Single Family Residence
Subdivision Zephyr Knolls
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-413-003
Parking
Garage Spaces 3
Total Parking 5
Parking Features Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Driveway
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Artificial Turf, Landscaped, Sloped Down
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Hot Water, Natural Gas, Radiant Floor, Solar
Cooling Central Air, Wall/Window Unit(s)
Financial
Annual Tax $9,954
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 — 220 Sleepy Hollow Glen, Zephyr Cove

Est. Annual Revenue
$193,050
Avg Nightly Rate
$1650
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 80 / 100 (Luxury) · 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% ($800,000)
Home price
$4,000,000
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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