$2,495,000 Active
628 Riven Rock Road
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — many communities in this area restrict short-term rentals.
5 Beds
·
5.0 Baths
·
2,832 Sq Ft

About This Property

Set in the coveted Zephyr Heights neighborhood on Lake Tahoe's Nevada East Shore, this recently updated five-bedroom, five-bath home combines timeless Tahoe character with everyday comfort and convenience. Filtered lake views, an alpine backdrop, and two expansive decks, create inviting spaces to enjoy the Sierra setting in every season. The home has been thoughtfully improved with a brand-new kitchen featuring quartz countertops and a functional layout well suited for both daily living and entertaining. There's also a bonus room that would make a great office! Generous windows bring natural light indoors and create a strong connection to the surrounding landscape, while the flexible floor plan offers comfortable gathering areas for family and guests. Outside, the property includes a large, level driveway, oversized garage, and spacious level yard—an uncommon combination that adds convenience and room to enjoy Tahoe's outdoor lifestyle. Zephyr Heights is among the East Shore's most desirable established neighborhoods, appreciated for its larger homesites, lake views, privacy, and easy access to area amenities. With no HOA, owners have added flexibility while remaining just minutes from Zephyr Cove Beach, Round Hill shopping and dining, and the Stateline casino and entertainment corridor. Heavenly's Boulder Lodge is approximately six miles away, providing convenient access to skiing, snowboarding, hiking, and mountain biking. Whether you are looking for a full-time residence, Tahoe getaway, or investment opportunity, this well-maintained lakeview property presents an exceptional chance to enjoy Nevada's sought-after East Shore lifestyle.--

Listed by Eric Gonzales — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260010430
Price/Sq Ft $881

Property History

Aug 13, 2026
Listed for sale
$2,495,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2009 · county record $590,000 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.

Property Overview
Beds 5
Baths 5.0
Sq. Ft. 2,832
Lot Size 0.22 acres
Stories 3
Year Built 1976
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 131810416056
Parking
Garage Spaces 3
Total Parking 6
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Rear
View Mountain(s), Trees/Woods
Construction Frame
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Wood Stove, Forced Air, Natural Gas
Financial
Annual Tax $5,056
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
📊

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 Riven Rock Road, Zephyr Cove

Est. Annual Revenue
$75,585
Avg Nightly Rate
$439
Projected Occupancy
47.1%
Cap Rate
1.2%
Structural Score: 77 / 100 (Luxury) · STR Zone: Yellow

Based on comparable vacation rental performance data for Zephyr Cove. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,952 sq ft covered of 95 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,507 sq ft
Allowed Coverage
95 sq ft · 1%
Existing Coverage
2,952 sq ft · 31%
Addable Coverage
0 sq ft
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 ↗

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% ($499,000)
Home price
$2,495,000
Loan details
30-yr fixed, 6.5%
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