$1,295,000 Active
611 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.
3 Beds
·
2.5 Baths
·
1,188 Sq Ft
Virtual Tour

About This Property

Tucked away in the highly sought-after Marla Bay community on Lake Tahoe's East Shore, this charming home offers the rare opportunity to live on the lake side of Highway 50 — a coveted location few properties enjoy. Just a short stroll to the shoreline, this inviting retreat captures the timeless character of "Old Tahoe" living with a warm, cozy feel and unbeatable proximity to the water. The home also features a wonderful yard, offering plenty of space to relax, entertain, or enjoy Tahoe's beautiful mountain setting. Whether you're looking for a serene full-time residence or the perfect Tahoe getaway, this special property delivers an ideal blend of charm, outdoor space, and location in one of the area's most treasured lakefront neighborhoods.

Listed by Vincent Rossi — Ferrari-Lund R.E. Sparks

Listing Details

Status Active
MLS # 260005658
Price/Sq Ft $1,090

Property History

May 07, 2026
Listed for sale
$1,295,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,188
Lot Size 0.14 acres
Stories 2
Year Built 1959
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-812-004
Parking
Garage Spaces 1
Total Parking 4
Parking Features Additional Parking, Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
View Peek
Construction Frame
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Electric, Heat Pump
Cooling Electric, Heat Pump
Water Source Lake Tahoe
Financial
Annual Tax $4,014
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 — 611 Freel Drive, Zephyr Cove

Est. Annual Revenue
$47,021
Avg Nightly Rate
$343
Projected Occupancy
38.6%
Cap Rate
1.5%
Structural Score: 50 / 100 (Standard) · 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% ($259,000)
Home price
$1,295,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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