$1,750,000 Active
409 Lakeview Avenue
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
·
1,630 Sq Ft

About This Property

Located within the private gated community of Elks Point, this 3-bedroom, 2-bath home is filled with classic Tahoe character. The interior features timeless knotty pine walls and flooring that bring warmth and authentic mountain charm throughout the home, complemented by a sunroom that provides additional space for relaxing, dining, or enjoying the natural surroundings. Outside, the spacious backyard offers a large deck with room for outdoor dining, entertaining, and taking in the peaceful setting. A separate 1-bedroom ADU adds valuable flexibility for guests, a home office, extended stays, or additional living arrangements. The Elks Point community offers amazing amenities, including a private beach with seating and BBQ area, volleyball court, marina with boat slips, trailer parking, and more. This Nevada-based community really is one of a kind! Schedule a showing today! All offers will be reviewed on Friday, Sept. 4th at noon.

Listed by Jackie Arthur — Compass

Listing Details

Status Active
MLS # 260011083
Price/Sq Ft $1,074

Property History

Aug 27, 2026
Listed for sale
$1,750,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,630
Lot Size 0.18 acres
Stories 2
Year Built 1948
Property Type Single Family Residence
Subdivision Elks
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-410-016
Parking
Total Parking 3
Parking Features Additional Parking, Detached
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping
Roof Metal, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Wood Stove, Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $5,428
HOA / Community Elk Point Country Club HOA
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Barbecue, Gated, Parking, Storage
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$33K – $62K typically ~$41,916
~$3,493 per month
Avg Nightly
$228
Occupancy
50%
Cap Rate
1.0%

STR Investment Summary — 409 Lakeview Avenue, Zephyr Cove

Est. Gross Annual Revenue
$33K – $62K
typically ~$41,916
Avg Nightly Rate
$228
Projected Occupancy
50.5%
Cap Rate
1.0%
Structural Score: 54 / 100 (Standard) · 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
2,579 sq ft covered of 76 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,569 sq ft
Allowed Coverage
76 sq ft · 1%
Existing Coverage
2,579 sq ft · 34%
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% ($350,000)
Home price
$1,750,000
Loan details
30-yr fixed, 6.5%
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