$1,390,000 Closed
589 Freel Drive
Zephyr Cove, NV 89448
SOLD 2026-07-24
Sold for $1,220,000 (listed at $1,390,000)
2 Beds
·
2.0 Baths
·
1,130 Sq Ft

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About This Property

Nestled in the charming lakeside community of Marla Bay in tax-friendly Nevada, this beautifully updated Tahoe cabin blends timeless character with thoughtful modern improvements just moments from the shores of Lake Tahoe. Located only one block from the private neighborhood beach and buoy field, this inviting mountain retreat offers the ideal balance of cozy lake living and year-round functionality. Extensively improved, the home features new wood flooring throughout, a completely remodeled room on the ground floor that can serve as a bedroom minus the closet with updated electrical, lighting, walls, and wood flooring, plus added track lighting in the main living area for a warm and modern ambiance. The kitchen has been enhanced with newer Bosch appliances including oven/stove and dishwasher, along with a newly installed refrigerator and custom framing. Additional upgrades include tile flooring in the upstairs bath and rear laundry area, a relocated washer/dryer access on the main level for convenience, replacement fencing, and upgraded electrical service with the meter relocated to the front porch and new power lines installed underground from the street. Recent city infrastructure improvements also brought newly installed water lines, eliminating the previous shared water system arrangement. Enjoy filtered lake views, inviting indoor and outdoor spaces, abundant storage, charming cabin details throughout, and exclusive access to one of Tahoe's most desirable private beach communities. A rare opportunity to own an updated classic Tahoe cabin in an unbeatable East Shore location.

Listed by Mike Dunn — Chase International - ZC

Listing Details

Status Closed
MLS # 260006401
Sold Date 2026-07-24
Sold Price $1,220,000
Price/Sq Ft $1,230

Property History

May 21, 2026
Listed for sale
$1,600,000
Jul 06, 2026
Price changed
$1,390,000
Jul 12, 2026
Pending
$1,390,000
Jul 24, 2026
Sold
$1,220,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,130
Lot Size 0.11 acres
Stories 2
Year Built 1945
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-812-006
Parking
Total Parking 3
Parking Features Parking Pad
Exterior & Lot
Exterior Features Boat Slip, Rain Gutters
Lot Features Gentle Sloping, Sloped Down, Sprinklers In Front
View Mountain(s)
Roof Composition, Pitched
Foundation Brick/Mortar, Full Perimeter
Utilities & Systems
Heating Fireplace(s), Floor Furnace
Water Source Lake Tahoe
Financial
Annual Tax $2,414
HOA Fee $200 / Annually
HOA / Community Voluntary Homeowners Association
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 589 Freel Drive, Zephyr Cove

Est. Gross Annual Revenue
$25K – $55K
typically ~$35,000
Avg Nightly Rate
$179
Projected Occupancy
53.6%
Cap Rate
1.0%
Structural Score: 66 / 100 (Premium) · STR Zone: Green

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
1,167 sq ft covered of 798 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
3,992 sq ft
Allowed Coverage
798 sq ft · 20%
Existing Coverage
1,167 sq ft · 29%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
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 ↗ How the Basin compares
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