$1,499,000 Active
422 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.
2 Beds
·
1.5 Baths
·
1,286 Sq Ft

About This Property

Excellent lake view opportunity in the beloved community of Elk Point, Nevada. Original condition with a lot of potential. Downstairs open-concept living with a large deck overlooking the water. One bedroom and a full bathroom on the entry level with a second bedroom and half-bath upstairs. The Elk Point HOA has a lovely private beach, BBQ deck, marina, storage area and more. Just minutes to all that South Shore has to offer - bring your imagination and your beach chair!

Listed by Brooke Hernandez — Compass

Listing Details

Status Active
MLS # 260010980
Price/Sq Ft $1,166

Property History

Aug 25, 2026
Listed for sale
$1,499,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2025 · county record $1,450,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,286
Lot Size 0.11 acres
Stories 2
Year Built 1960
Property Type Single Family Residence
Subdivision Elks
County Douglas
STR Jurisdiction Douglas County
APN 1318-16-810-015
Parking
Total Parking 2
Parking Features Attached
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Gentle Sloping
View Mountain(s), Trees/Woods
Construction Brick
Roof Flat, Pitched
Foundation Crawl Space, Pillar/Post/Pier
Utilities & Systems
Heating Fireplace(s), Floor Furnace, Natural Gas
Financial
Annual Tax $2,899
HOA Fee $6,750 / Annually
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
49
PROJECTED GROSS ANNUAL REVENUE
$27K – $59K typically ~$40,511
~$3,376 per month
Avg Nightly
$206
Occupancy
54%
Cap Rate
1.1%

STR Investment Summary — 422 Lakeview Avenue, Zephyr Cove

Est. Gross Annual Revenue
$27K – $59K
typically ~$40,511
Avg Nightly Rate
$206
Projected Occupancy
54.0%
Cap Rate
1.1%
Structural Score: 49 / 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
1,537 sq ft covered of 49 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,929 sq ft
Allowed Coverage
49 sq ft · 1%
Existing Coverage
1,537 sq ft · 31%
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% ($299,800)
Home price
$1,499,000
Loan details
30-yr fixed, 6.5%
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