$5,400,000 Active
625 Point Road
Zephyr Cove, NV 89448
⚠ No New VHR Permits — Zephyr Heights/Knolls at Cap
All 38 of Zephyr Heights/Knolls's vacation-rental permits are issued (county data, Sep 26, 2026). New applicants join Douglas County's waitlist, and permits don't transfer with a sale.
4 Beds
·
4.5 Baths
·
4,010 Sq Ft

About This Property

Commanding spectacular, million-dollar views of Lake Tahoe, this exceptional three-bedroom, four-and-one-half-bath residence is a showcase of uncompromising craftsmanship, refined materials, and superior construction. Thoughtfully arranged across four levels—each served by a four-stop elevator—the home was designed to capture breathtaking lake vistas from multiple rooms, balconies, and its remarkable top-floor retreat. A striking bronze-and-gold European front door opens to an elegant marble entryway, setting the tone for the quality found throughout. A private first-floor guest suite provides exceptional comfort and privacy, while Andersen windows, solid wood doors, custom mahogany cabinetry and trim, oil-rubbed bronze hardware, and detailed wrought-iron railings inside and out reflect the home's meticulous attention to detail. At the heart of the residence, the light-filled great room frames sweeping Lake Tahoe views through expansive sliding glass doors supported by steel-reinforced construction. Inlaid ceilings, crystal chandeliers, travertine flooring, and a handsome fireplace create an impressive yet inviting setting for entertaining and everyday living. The gourmet kitchen is beautifully appointed with quartzite countertops, custom self-closing mahogany cabinetry, premium Thermador appliances, a dual-convection oven, Kohler sinks, and a generous walk-in pantry. Nearby, the elegant bar makes a dramatic statement with an illuminated onyx countertop and dedicated wine and beverage refrigerator. The primary ensuite is a serene private retreat featuring panoramic views, balcony access, a custom walk-in closet, an oversized European-style shower, and a spa-inspired bath with a soaking tub. Upstairs bathrooms are enhanced by luminous onyx countertops. TOTO toilets are installed throughout the residence. Additional amenities include a gym with balcony access, a spacious laundry room, three forced-air furnaces, energy-efficient Noritz on-demand water heaters, and a residential fire-sprinkler system. Crowning the home is an extraordinary observation room, library, and den with custom mahogany bookshelves and commanding fourth-floor views across Lake Tahoe—an unforgettable vantage point and the ultimate expression of elevated Tahoe living.

Listed by Anthony Laurian — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260012321
Days on Market 4
Price/Sq Ft $1,347

Property History

Sep 24, 2026
Listed for sale
$5,400,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2011 · county record $575,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,010
Lot Size 0.23 acres
Stories 3
Year Built 2023
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-410-010
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Corner Lot, Gentle Sloping, Level
View Mountain(s), Ski Resort, Trees/Woods
Construction Insulation - Batts, Concrete, Steel Frame, Stucco
Roof Composition, Shake
Foundation Insulated Foundation, Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $15,111
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

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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~— per month
Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,834 sq ft covered of 98 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,823 sq ft
Allowed Coverage
98 sq ft · 1%
Existing Coverage
2,834 sq ft · 29%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a
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

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

$29,335 per month
Principal & interest
$27,305/mo
Property taxes
$1,259/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$771/mo
Estimated ~$7,500–$11,000/yr — get a local broker quote for accuracy.
Down payment
20% ($1,080,000)
Home price
$5,400,000
Loan details
30-yr fixed, 6.5%
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