$1,849,500 Active
626 Canyon 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.
5 Beds
·
3.5 Baths
·
3,464 Sq Ft

About This Property

Mountain Majesty in Zephyr Cove. Nestled in a quiet neighborhood on Tahoe's sought-after Nevada side, this spacious custom home offers the perfect blend of mountain charm, comfort, and year-round recreation, all from a highly desirable central location with easy access to beaches, skiing, dining, entertainment, and outdoor adventure. Featuring 5 bedrooms, 3.5 bathrooms, and 3,464 square feet of living space, the home is thoughtfully designed for both everyday living and entertaining. Expansive windows frame beautiful mountain views while hardwood floors, custom finishes, and a stunning stone fireplace create a warm and inviting Tahoe atmosphere. The chef's kitchen is the heart of the home, complete with granite slab countertops, a large center island with prep sink, breakfast bar seating, double ovens, gourmet range, dishwasher, and abundant storage. Multiple living and gathering spaces provide flexibility for large families, guests, or multi-generational living. In addition to the recorded living area, the home includes approximately 510 square feet of bonus space currently utilized as a dedicated bunk room and media room, creating exceptional flexibility for overflow guests, movie nights, game days, or family gatherings. These spaces significantly enhance the home's functionality and Tahoe lifestyle appeal. The spacious primary suite serves as a private retreat with a spa-inspired bathroom featuring jetted tubs, a multi-head shower, and mountain views. Additional bedrooms and bonus spaces offer plenty of room for visitors, remote work, recreation, or extended family stays. Step outside to enjoy multiple outdoor living areas, including a large hot tub, sunny entertaining spaces, and a private level backyard with BBQ area, perfect for relaxing after a day on the lake, golf course, ski slopes, or mountain trails. Ideally situated in the heart of Zephyr Cove, this Nevada residence provides convenient access to Lake Tahoe beaches, boating, hiking, biking, world-class skiing at Heavenly, the Stateline casino corridor, shopping, dining, and entertainment, while still offering the privacy and tranquility of a residential mountain setting. Nevada residents also enjoy the benefit of no state income tax. Whether you're searching for a full-time residence, mountain getaway, or investment opportunity, 626 Canyon Drive delivers the space, privacy, and Tahoe lifestyle buyers dream about. Open House 06/06/2026 from 11-3.

Listed by Carmel Allego-Fithian — Coldwell Banker Select Reno

Listing Details

Status Active
MLS # 260007040
Price/Sq Ft $534

Property History

Jun 03, 2026
Listed for sale
$1,849,500
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,464
Lot Size 0.27 acres
Stories 4
Year Built 1978
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-415-045
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Greenbelt, Landscaped, Level, Sloped Up, Wooded
View Mountain(s), Trees/Woods
Construction Stone
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $5,215
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 — 626 Canyon Drive, Zephyr Cove

Est. Annual Revenue
$81,876
Avg Nightly Rate
$878
Projected Occupancy
25.1%
Cap Rate
1.8%
Structural Score: 59 / 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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($369,900)
Home price
$1,849,500
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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