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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.
Listing Details
Property History
STR Investment Summary — 315 Paiute Drive, Zephyr Cove
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
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 comparesHome Insurance Estimate
Standard homeowners policy for this home
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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