$2,198,000 Active
312 Seminole 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.
4 Beds
·
3.0 Baths
·
2,839 Sq Ft

About This Property

Located in the sought-after lower-elevation community of Round Hill, 312 Seminole Way offers an ideal combination of location, space, and the Tahoe lifestyle. Set on a beautifully landscaped 10,000+ sq. ft. lot directly across from U.S. Forest Service land, the home is close to the Round Hill shopping center, nearby hiking and biking trails, beaches, skiing, dining, and recreation. Offering 2,839 sq. ft., 4 bedrooms and 3 full baths, the home features a versatile floor plan with multiple living and entertaining spaces, along with ample storage closets thoughtfully located throughout the entire home. The main living room features vaulted ceilings, oak hardwood floors, and a wood-burning fireplace insert. The adjoining dining room also features vaulted ceilings and offers easy access to a scenic balcony overlooking the fully landscaped yard, highlighted by a beautiful mature cedar tree. The kitchen features granite slab countertops, a gas range, pantry, and a convenient adjacent laundry area. Upstairs, a spacious second family room provides another comfortable gathering space with vaulted ceilings, a gas fireplace, wet bar with mini refrigerator, and ceiling fan. The primary suite features oak hardwood flooring, built-in shelving, a walk-in closet, ceiling fan, and French doors opening to a private balcony. The primary bath has marble flooring and countertops and a walk-in shower. An additional en-suite bedroom features wood flooring and a well-appointed bath with marble floors and counters, a marble-tiled shower with an onyx accent shelf, and heated floors. Outside, the fully landscaped grounds provide an inviting setting to enjoy Tahoe's four seasons, with mature landscaping, front and rear sprinklers, and a hot tub for relaxing after a day on the lake, trails, or mountain. A paver-stone driveway leads to the two-car garage with high ceilings, while dual-pane windows add comfort and efficiency. With its desirable lower-elevation Round Hill setting, forest land directly across the street, generous floor plan, two distinct living areas, abundant storage, quality finishes, and convenient access to everyday amenities and outdoor recreation, 312 Seminole Way is equally well suited as a full-time Tahoe residence or mountain retreat.

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Active
MLS # 260010998
Price/Sq Ft $774

Property History

Aug 25, 2026
Listed for sale
$2,198,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,839
Lot Size 0.24 acres
Stories 3
Year Built 1976
Property Type Single Family Residence
Subdivision Roundhill Village
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-611-067
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear
Construction Frame
Roof Composition, Pitched, Shingle
Foundation Crawl Space, Pillar/Post/Pier
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $3,886
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
75
PROJECTED GROSS ANNUAL REVENUE
$50K – $101K typically ~$70,906
~$5,909 per month
Avg Nightly
$401
Occupancy
49%
Cap Rate
1.3%

STR Investment Summary — 312 Seminole Way, Zephyr Cove

Est. Gross Annual Revenue
$50K – $101K
typically ~$70,906
Avg Nightly Rate
$401
Projected Occupancy
48.6%
Cap Rate
1.3%
Structural Score: 75 / 100 (Luxury) · STR Zone: Yellow

Based on comparable vacation rental performance data for Zephyr Cove. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,782 sq ft covered of 104 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,445 sq ft
Allowed Coverage
104 sq ft · 1%
Existing Coverage
2,782 sq ft · 27%
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% ($439,600)
Home price
$2,198,000
Loan details
30-yr fixed, 6.5%
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