$925,000 $999,500 ↓ $74,500 reduced Active
223 Lyons Avenue
Zephyr Cove, NV 89448
✓ 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.
3 Beds
·
2.5 Baths
·
1,400 Sq Ft
Virtual Tour

About This Property

Welcome to your Lake Tahoe, Nevada home—set in the Cave Rock neighborhood, where the shoreline is a short walk away and Cave Rock rises quietly from the water, shaping the character of this part of Lake Tahoe. This updated 3-bedroom, 2.5-bath home offers approximately 1,400 square feet of easy, well-designed living. Natural light moves through the open main living area, with fresh interior paint and a simple, clean layout calm the senses. The kitchen has been refreshed with new granite countertops and a full suite of stainless-steel appliances—practical, polished, and ready for everyday use. The deck extends the living space outdoors, a place for morning coffee, evening light, and fresh alpine air. With no future development planned behind the property (per Douglas County), the backdrop remains open and quiet. A shed built for large bikes keeps Tahoe gear organized and within reach. Located just outside the busier town centers, Cave Rock offers a quieter rhythm—more local, less traveled. It's a short walk to the shores of Lake Tahoe, with straightforward access to Reno-Tahoe International Airport, Carson City, and everyday shopping and services. A setting that makes it easy to come and go, while still feeling removed. This is a low-maintenance home with a strong sense of place—suited for full-time living, a weekend base, or long-term investment.

Listed by Rhonda Keen — Compass

Listing Details

Status Active
MLS # 260003007
Days on Market 147
Price/Sq Ft $661

Property History

Mar 18, 2026
Listed for sale
$925,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2006 · county record $425,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,400
Lot Size 0.06 acres
Stories 2
Year Built 1977
Property Type Single Family Residence
Subdivision Cave Rock Village
County Douglas
STR Jurisdiction Douglas County
APN 1418-34-111-033
Parking
Total Parking 2
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s), Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Wall Furnace
Water Source Lake Tahoe
Financial
Annual Tax $1,454
Schools
Elementary School Zephyr Cove
Middle School Kingsbury(Closed)
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 — 223 Lyons Avenue, Zephyr Cove

Est. Annual Revenue
$39,754
Avg Nightly Rate
$211
Projected Occupancy
51.4%
Cap Rate
1.7%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,202 sq ft covered of 512 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
2,402 sq ft
Allowed Coverage
512 sq ft · 21%
Existing Coverage
1,202 sq ft · 50%
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 ↗

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% ($185,000)
Home price
$925,000
Loan details
30-yr fixed, 6.5%
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