$1,600,000 Active
589 Freel Drive
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
2 Beds
·
2.0 Baths
·
1,016 Sq Ft

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 Active
MLS # 260006401
Price/Sq Ft $1,575

Property History

May 21, 2026
Listed for sale
$1,600,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,016
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
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 589 Freel Drive, Zephyr Cove

Est. Annual Revenue
$53,968
Avg Nightly Rate
$353
Projected Occupancy
41.6%
Cap Rate
1.3%
Structural Score: 57 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Zephyr Cove. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($320,000)
Home price
$1,600,000
Loan details
30-yr fixed, 6.5%
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