$1,250,000 Active
256 Mcfaul Way
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
·
2.0 Baths
·
1,299 Sq Ft

About This Property

This single-level home is set on an expansive 0.42-acre corner lot in the sought-after Round Hill neighborhood of Zephyr Cove. Towering pines and mature landscaping create a peaceful backyard with plenty of room to gather, entertain, or simply enjoy the outdoors. Inside, skylights and large windows fill the home with natural light. Enjoy luxury vinyl plank flooring throughout, remodeled bathrooms, and stainless steel appliances in the kitchen. Air conditioning to keep cool on hot summer days, and a tankless water heater, whole-house attic fan, and attached two-car garage with epoxy floors. Just 1.4 miles from some of Lake Tahoe's best beaches, minutes from Edgewood Golf Course, Heavenly Resort, the best restaurants, shopping, entertainment, and nightlife of South Lake Tahoe, plus miles of hiking, biking, skiing, boating, and year-round recreation. The Round Hill Shopping Center is just down the street.

Listed by Amanda Mueller — NextHome YourpickettfenceGroup

Listing Details

Status Active
MLS # 1019030
Days on Market 1
Price/Sq Ft $962

Property History

Jul 01, 2026
Listed for sale
$1,250,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,299
Lot Size 0.42 acres
Stories 1
Year Built 1967
Property Type Single Family Residence
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-613-001
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Landscaping,Private Yard
Lot Features Corner Lot
View Trees/Woods
Construction Shingle Siding,Stone Veneer
Roof Composition
Utilities & Systems
Heating Forced Air
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $2,170
📊

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 — 256 Mcfaul Way, Zephyr Cove

Est. Annual Revenue
$41,598
Avg Nightly Rate
$276
Projected Occupancy
42.7%
Cap Rate
1.3%
Structural Score: 66 / 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% ($250,000)
Home price
$1,250,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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