$2,995,000 Active
425 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
·
3.0 Baths
·
2,161 Sq Ft

About This Property

Every once in a while, you come across a home that captures the timelessness of old-world Tahoe while seamlessly embracing modern luxury. Thoughtfully designed, beautifully appointed, and effortlessly blending the best of both worlds—this is one of those homes. Upstairs, sits the living room centered by the original stone fireplace including gold, silver, turquoise and quartz. An additional family room, kitchen and closed-in breezeway sit adjacent with stunning views of the lake. The upper floor is finished off with the primary suite and an additional bedroom and full bathroom. Downstairs is the third bedroom (bunk room) with another full bathroom. Other features include A/C, a gas fire pit and outdoor kitchen in the front yard and the furnishings are included. Located in the gated Elk Point HOA with a private beach, BBQ deck, marina, storage area and just minutes to all that South Shore has to offer - you don't want to miss this one!

Listed by Brooke Hernandez — Compass

Listing Details

Status Active
MLS # 260010794
Price/Sq Ft $1,386

Property History

Aug 20, 2026
Listed for sale
$2,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2023 · county record $847,942 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 3
Baths 3.0
Sq. Ft. 2,161
Lot Size 0.11 acres
Stories 2
Year Built 1932
Property Type Single Family Residence
Subdivision Elks
County Douglas
STR Jurisdiction Douglas County
APN 1318-16-810-028
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Outdoor Kitchen
Lot Features Common Area, Gentle Sloping, Greenbelt, Landscaped, Wooded
View Mountain(s), Trees/Woods
Roof Composition, Pitched
Foundation Brick/Mortar, Pillar/Post/Pier
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,971
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 Premium
59
PROJECTED GROSS ANNUAL REVENUE
$32K – $81K typically ~$50,866
~$4,239 per month
Avg Nightly
$281
Occupancy
50%
Cap Rate
0.7%

STR Investment Summary — 425 Lakeview Avenue, Zephyr Cove

Est. Gross Annual Revenue
$32K – $81K
typically ~$50,866
Avg Nightly Rate
$281
Projected Occupancy
49.7%
Cap Rate
0.7%
Structural Score: 59 / 100 (Premium) · 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
1,736 sq ft covered of 50 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,015 sq ft
Allowed Coverage
50 sq ft · 1%
Existing Coverage
1,736 sq ft · 35%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
2, 4
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% ($599,000)
Home price
$2,995,000
Loan details
30-yr fixed, 6.5%
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