$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

Quiet mornings on the lake. Afternoon tee times. Beach days. Evenings around the fire. This is life in Tahoe. Set on an expansive 0.42-acre corner lot in the sought-after Round Hill neighborhood of Zephyr Cove, this single-level home is one that's becoming increasingly difficult to find. 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 granite countertops 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 add practical upgrades you'll appreciate year-round. 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. And the Round Hill Shopping Center is just down the street, adding everyday convenience close to home. Enjoy the advantages of Nevada living, including no state income tax and lower property taxes, from one of Lake Tahoe's most desirable neighborhoods.

Listed by Rebecca Delumeau — NextHome Yourpickettfence Group

Listing Details

Status Active
MLS # 260008371
Days on Market 1
Price/Sq Ft $962

Property History

Jun 30, 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
Subdivision Roundhill Village
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-613-001
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Landscaped, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Construction Stone
Roof Composition, Pitched, Shingle
Foundation Crawl Space, Slab
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas
Cooling Attic Fan, Central Air, ENERGY STAR Qualified Equipment
Financial
Annual Tax $2,169
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 — 256 Mcfaul Way, Zephyr Cove

Est. Annual Revenue
$41,480
Avg Nightly Rate
$275
Projected Occupancy
42.7%
Cap Rate
1.3%
Structural Score: 65 / 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

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