$6,000,000
628 Lake Shore Boulevard
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
·
4.0 Baths
·
2,232 Sq Ft

About This Property

WOW! As you step into this charming lakefront home, in the sought-after Marla Bay community, you'll be immediately captivated by the unobstructed, breathtaking lake views. With its perfect South West orientation, you can behold the entire Southern end of the lake and the Sierra mountains. Each evening treats you to a mesmerizing spectacle as the sun sets, painting the sky with a different cinematic masterpiece. This fully furnished, five bedroom, plus 'bunk room/office/den', four bath home, along with the end-to-end back deck has room for everyone. The living room has a beautiful gas-log fireplace, w/ rock mantle. The kitchen features newer stainless steel appliances w/ gas stove, cherry wood cabinetry, garden window, pantry, & access to a patio/bar-b-que area. The primary master bedroom on the main level, has spectacular, unobstructed lake views for miles, with a sliding door to the back deck, double sinks, laundry & walk-in closet. There are 3 other bedrooms on the main floor as well. The lower level consists of one bedroom, a bunk room/office/den, one bath and a huge garage/storage area to fill up with all your toys like kayaks, paddleboards, beach chairs, etc. 50 feet of off-street parking in front. Enough room for 2 to 3 vehicles, depending on their size. Other features include newer living room & hallway hardwood floors, dual-pane windows, exterior lights & door hardware, automatic window blinds in living room, forced air furnace & A/C, quartzite stone in front yard area, courtyard & backyard walkway. Owner has had his boat on same buoy directly in front of the house every year, for decades. This special lakefront jewel of a home is a true joy to see, while overlooking a 1/2 mile beautiful sandy beach, perfect for those lakeside walks. Marla Bay offers gated access to the 1/2 mile of sandy beach, along with a private buoy field for homeowners. Marla Bay is located just 10 minutes or less to world class snow skiing, the casino entertainment corridor, Edgewood Golf Course and the 24 hour Safeway shopping center. There are many great hiking & biking trails nearby as well. Added bonus: The BMP's are done. There are several items in MLS Docs, including disclosures, improvement list, etc. Owner's square footage per Matterport measurements. This lakefront home could be sold fully furnished. An unusually extreme late winter storm in 2024 which negatively affected almost all the beachfront properties, irreparably damaged the old unsupported mortar retaining wall and some of the steps to the beach. Installed Steel Sheet Pile temporarily remaining a few feet above beach level to protect the hill, will be further driven down when a new Static Boulder Revetment is installed this spring to fall. The project is being conducted with all necessary approvals and permits to be in compliance with current TRPA standards, utilizing regulatory professional consultants, licensed engineering, surveying, and construction professionals. When completed, the new and improved revetment system will be vastly superior to the old.

Listed by Michael Wondka — Chase International - ZC

Listing Details

Status Active
MLS # 260003795
Days on Market 5
Price/Sq Ft $2,688

Property History

Apr 02, 2026
Listed for sale
$6,000,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 2,232
Lot Size 0.15 acres
Stories 2
Year Built 1934
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-810-015
Parking
Parking Features Additional Parking
Exterior & Lot
Exterior Features Dog Run
Lot Features Adjoins Lake, Gentle Sloping, Landscaped, Level, Sprinklers In Front
View Mountain(s), Ski Resort, Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space, Stone
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $19,289
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 — 628 Lake Shore Boulevard, Zephyr Cove

Est. Annual Revenue
$301,860
Avg Nightly Rate
$2580
Projected Occupancy
32.0%
Cap Rate
2.0%
Structural Score: 72 / 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% ($1,200,000)
Home price
$6,000,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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