$5,998,000 $6,750,000 ↓ $752,000 reduced Active
446 Seminole Court
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.
4 Beds
·
5.5 Baths
·
6,500 Sq Ft

About This Property

A spectacular private gated estate perched atop Round Hill in Zephyr Cove within the coveted East Shore banana belt. Set on 4.71 private acres in a cul-de-sac, this approximately 6,500-square-foot mountain retreat offers breathtaking Lake Tahoe views, surrounding snowcapped mountains, and unmatched privacy. By night, the twinkling lights of the Stateline casino corridor create an enchanting backdrop. Crafted with two-inch-thick redwood siding and expansive redwood decks with transparent railings, the home blends timeless alpine elegance with modern comfort. The remodeled interior features over sixty hand-peeled cedar logs, soaring vaulted ceilings, four fireplaces, and a light-filled great room. The chef’s kitchen includes premium appliances, a large island, dining areas, and seamless flow into gathering spaces including a loft, game room, and study. Outdoor decks, landscaped grounds, a three-car garage, and skiing, golf, beaches, dining, and entertainment complete this Tahoe estate..!

Listed by Jean Merkelbach — Engel & Volkers

Listing Details

Status Active
MLS # 1018951
Days on Market 72
Price/Sq Ft $923

Property History

Jun 09, 2026
Listed for sale
$6,750,000
Jul 07, 2026
Price changed
$6,250,000
Aug 05, 2026
Price reduced
$5,998,000 $6,250,000 ↓ $252,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2001 · county record $160,000 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 4
Baths 5.5
Sq. Ft. 6,500
Lot Size 4.71 acres
Year Built 1973
Property Type Single Family Residence
Style Split Level
County Douglas
STR Jurisdiction Douglas County
APN 1318-15-611-0047
Parking
Garage Spaces 3
Parking Features Three Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Fence,Hot Tub/Spa,Landscaping,Patio
View Mountain(s),Trees/Woods
Roof Composition
Utilities & Systems
Heating Natural Gas,Electric,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $9,348
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
76
PROJECTED GROSS ANNUAL REVENUE
$154K – $258K typically ~$217,152
~$18,096 per month
Avg Nightly
$1856
Occupancy
32%
Cap Rate
1.4%

STR Investment Summary — 446 Seminole Court, Zephyr Cove

Est. Gross Annual Revenue
$154K – $258K
typically ~$217,152
Avg Nightly Rate
$1856
Projected Occupancy
32.0%
Cap Rate
1.4%
Structural Score: 76 / 100 (Luxury) · 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
14,398 sq ft covered of 2,066 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
206,619 sq ft
Allowed Coverage
2,066 sq ft · 1%
Existing Coverage
14,398 sq ft · 7%
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% ($1,199,600)
Home price
$5,998,000
Loan details
30-yr fixed, 6.5%
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