$1,499,000 Active
422 Lakeview Avenue
Zephyr Cove, NV 89448

Get homes like this by email

When a home like this lists in Zephyr Cove at a similar price and size, we email you the same day. No account needed.

⚠ No New VHR Permits — Elk Point at Cap
All 11 of Elk Point's vacation-rental permits are issued (county data, Oct 16, 2026). New applicants join Douglas County's waitlist, and permits don't transfer with a sale.
2 Beds
·
1.5 Baths
·
1,286 Sq Ft

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why TRPA land coverage Over the limit 1,537 of 49 sq ft used Home insurance $1,800 – $2,700/yr Standard homeowners policy

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
Days on Market 53
Price/Sq Ft $1,166

Property History

Aug 25, 2026
Listed for sale
$1,499,000
Aug 25, 2026
Pending
$1,499,000
Sep 10, 2026
Relisted
$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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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

Red Zone
STRUCTURAL SCORE Premium
58
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 422 Lakeview Avenue, Zephyr Cove

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 58 / 100 (Premium) · STR Zone: Red

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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$1,800 – $2,700/yr
about $188/mo
Est. Rebuild Cost (Coverage A)
$540,120

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

See it in the monthly payment

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

$8,572 per month
Principal & interest
$7,580/mo
Property taxes
$242/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$562/mo
From MLS listing data.
Home insurance
$188/mo
Estimated ~$1,800–$2,700/yr — get a local broker quote for accuracy.
Down payment
20% ($299,800)
Home price
$1,499,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.