$2,350,000 Active
644 Job Lane
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
·
2.0 Baths
·
2,416 Sq Ft

About This Property

A true Tahoe treasure, once home to Muppet master Frank Oz, this classic Marla Bay retreat combines historic charm with modern comfort steps from the community's private sandy beach. Marla Bay Homeowners' Beach-ideal for swimming, sunbathing, and lakefront enjoyment. Boating enthusiasts will love the 60 seasonal boat moorings available on a first-come, first-served basis for approximately 1500 dollars per season. Inside, you'll find 5 bedrooms and 2 bathrooms, thoughtfully updated while keeping Tahoe's timeless character intact. The main level hosts the primary suite, guest bedroom, updated kitchen with stone counters and butcher block island, and a great room with a stone fireplace and pine plank floors. Upstairs, a large bunk room with a TV lounge offers the perfect place for family gatherings, sleepovers, or weekend getaways. The outdoor living is where Tahoe shines. Relax on the expansive deck or stone patio with filtered sunset views of the lake. Host BBQs in the oversized landscaped backyard, complete with a historic outdoor fireplace and horseshoe pit. With parking for oversized vehicles and an expandable daylight unfinished 400 Sqft basement for storage, this property is as functional as it is enchanting. And it's all located in the heart of Marla Bay—one of Tahoe's most historic and picturesque neighborhoods, established in 1934. Here, life slows down. Stroll to the private beach, meet neighbors along tree-lined lanes, or wander to Round Hill Pines Beach Resort for waterfront dining and boat rentals. Just 3 miles from Stateline and 6 miles from Heavenly's Boulder Lodge, you're close to the action but tucked away in a lakeside enclave where families have made memories for generations.

Listed by Elliot Young — Chase International - ZC

Listing Details

Status Active
MLS # 250055245
Days on Market 194
Price/Sq Ft $973

Property History

Aug 29, 2025
Listed for sale
$2,350,000
Property Overview
Beds 5
Baths 2.0
Sq. Ft. 2,416
Lot Size 0.21 acres
Stories 2
Year Built 1945
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-810-099
Parking
Total Parking 4
Parking Features None
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Level, Sprinklers In Rear
View Peek
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $2,958
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 — 644 Job Lane, Zephyr Cove

Est. Annual Revenue
$84,133
Avg Nightly Rate
$965
Projected Occupancy
24.8%
Cap Rate
1.4%
Structural Score: 60 / 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% ($470,000)
Home price
$2,350,000
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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