$1,199,000 $1,250,000 ↓ $51,000 reduced 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

Located in the highly sought-after Round Hill neighborhood of Zephyr Cove, this single-story home sits on an expansive 0.42-acre corner lot with a large, private backyard framed by towering pines. It's a setting that offers room to entertain, unwind, and enjoy the outdoors year-round. Skylights and windows fill the home with natural light, while central air conditioning keeps it comfortable during Tahoe's warm months. A tankless water heater, whole-house attic fan, and attached two-car garage with epoxy floors add everyday comfort and convenience. Just 1.4 miles from Lake Tahoe's beautiful beaches, Round Hill Pines Beach Resort, Edgewood Golf Course, Heavenly Mountain Resort, Stateline, shopping, dining, and year-round recreation. Sellers are offering a $10,000 credit toward the buyer's interest rate buydown or closing costs.

Listed by Amanda Mueller — NextHome YourpickettfenceGroup

Listing Details

Status Active
MLS # 1019030
Days on Market 21
Price/Sq Ft $923

Property History

Jul 01, 2026
Listed for sale
$1,199,000
Jul 15, 2026
Price changed
$1,199,000
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
$39,394
Avg Nightly Rate
$200
Projected Occupancy
54.1%
Cap Rate
1.3%
Structural Score: 64 / 100 (Premium) · 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
1,993 sq ft covered of 183 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
18,310 sq ft
Allowed Coverage
183 sq ft · 1%
Existing Coverage
1,993 sq ft · 11%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($239,800)
Home price
$1,199,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message