Sold $2,100,000 $2,300,000 Closed
315 Paiute Drive
Zephyr Cove, NV 89448

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SOLD 2025-11-07
Sold for $2,100,000 (listed at $2,300,000)
6 Beds
·
6.0 Baths
·
4,952 Sq Ft

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Our data on this home

About This Property

Welcome to 315 Paiute Drive, a spacious and updated home located on a private cul-de-sac in the desirable neighborhood of Round Hill. This nearly 5,000 sq ft residence offers a rare combination of size, comfort, and proximity—just minutes from shopping, beaches, world-class skiing, and the Stateline corridor, yet tucked away in a peaceful residential setting. This well-maintained home has been thoughtfully updated with brand-new flooring, interior and exterior paint, updated lighting and plumbing fixtures, and new landscaping—making it move-in ready while offering ample room to make it your own. A large, sunny deck and patio invite outdoor dining and relaxation with mountain views and privacy. Designed for flexibility and entertaining, the home features a dramatic great room perfect for gatherings, along with a spacious family/theater/game room that can adapt to a variety of uses. Multiple living areas, including optional lock-off and mother-in-law configurations, provide exceptional versatility for multi-generational living, long-term guests, or creative use of space. The oversized three-car garage provides excellent storage for vehicles, adventure gear, or a home workshop—an essential feature for mountain living. The home's layout, generous square footage, and thoughtful updates make it a compelling opportunity for buyers seeking both everyday livability, several rental options, and long-term value. Round Hill is one of Lake Tahoe's most sought-after neighborhoods, known for its wide, quiet streets, superior snow removal and road maintenance, plus low water rates and an unbeatable location. Residents enjoy easy access to multiple pristine beaches, the Round Hill Shopping Center (including Safeway, restaurants, and services), and nearby bike and walking trails. Heavenly Ski Resort, Edgewood Golf Course, and the vibrant dining and entertainment scene of the Stateline corridor are just minutes away. With no HOA and all the benefits of Nevada residency, this home offers the perfect blend of lifestyle, location, and long-term financial appeal. Whether you're looking for a full-time residence, vacation retreat, or multi-generational home base, 315 Paiute Drive delivers the space, setting, and flexibility rarely found at this price point on the East Shore. Legal Disclaimer: Property photos may include digital enhancements and/or virtual staging. Actual property condition may differ.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 250051142
Sold Date 2025-11-07
Sold Price $2,100,000
Price/Sq Ft $464

Property History

Jun 08, 2025
Listed for sale
$2,300,000
Current
Sold
$2,100,000
Property Overview
Beds 6
Baths 6.0
Sq. Ft. 4,952
Lot Size 0.38 acres
Stories 3
Year Built 1975
Property Type Single Family Residence
Subdivision Roundhill Village
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-511-004
Parking
Garage Spaces 3
Total Parking 6
Parking Features Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Cul-De-Sac, Landscaped, Sloped Up, Sprinklers In Front
View Mountain(s), Ski Resort, Trees/Woods
Construction Wood Siding
Roof Composition
Foundation Full Perimeter
Pool & Spa
Pool No
Utilities & Systems
Heating Baseboard, Hot Water, Natural Gas
Financial
Annual Tax $4,816
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 315 Paiute Drive, Zephyr Cove

Est. Gross Annual Revenue
$50K – $120K
typically ~$80,000
Avg Nightly Rate
$464
Projected Occupancy
47.2%
Cap Rate
1.4%
Structural Score: 74 / 100 (Premium) · STR Zone: Green

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
2,634 sq ft covered of 167 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
16,715 sq ft
Allowed Coverage
167 sq ft · 1%
Existing Coverage
2,634 sq ft · 16%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 2
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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$9,300 – $13,600/yr
about $954/mo
Est. Rebuild Cost (Coverage A)
$2,723,600

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

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