$1,550,000 Active
615 Riven Rock Road
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
·
3.0 Baths
·
2,284 Sq Ft

About This Property

Located in the desirable Zephyr Heights neighborhood, this 3-bedroom, 3-bath mountain rustic lakeview chalet offers the perfect blend of classic Tahoe charm and comfortable mountain living. This inviting retreat features expansive front-to-rear decking designed to capture the surrounding mountain setting and filtered lake views, along with low-maintenance landscaping and an oversized 1-car garage. Ideally situated just minutes from the East Shore's premier beaches, boating, dining, and entertainment corridor. Fully wrapped in cedar siding, the residence showcases timeless Tahoe character throughout, including solid pine doors, rich oak flooring, and two stunning quartzite fireplaces anchoring both the main living area and the spacious primary bedroom suite. The updated kitchen features quartz countertops and an ideal layout for everyday living and entertaining, while a secondary kitchen and family living area provide added flexibility for guests, multi-generational living, or extended stays. A paver driveway, fenced yard, and thoughtful exterior improvements complete this exceptional mountain retreat in the heart of Lake Tahoe's Nevada East Shore.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260006624
Price/Sq Ft $679

Property History

May 24, 2026
Listed for sale
$1,550,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,284
Lot Size 0.18 acres
Stories 2
Year Built 1993
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-415-032
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run, Rain Gutters
Lot Features Gentle Sloping, Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Peek, Ski Resort
Construction Stone Veneer
Roof Composition, Shingle
Foundation Full Perimeter, Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $7,211
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 — 615 Riven Rock Road, Zephyr Cove

Est. Annual Revenue
$76,312
Avg Nightly Rate
$596
Projected Occupancy
34.8%
Cap Rate
2.0%
Structural Score: 73 / 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% ($310,000)
Home price
$1,550,000
Loan details
30-yr fixed, 6.5%
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