$1,750,000 $1,850,000 ↓ $100,000 reduced Active
648 Lakeview Drive
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.
4 Beds
·
2.0 Baths
·
2,156 Sq Ft

About This Property

This beautifully designed mountain retreat offers an open, spacious floor plan filled with natural light and framed by stunning alpine scenery. A striking glass-enclosed room captures picturesque views of snow-covered mountains and glimpses of Lake Tahoe through the surrounding pines, creating a truly serene setting. Thoughtfully appointed throughout, the home features high-end finishes including premium kitchen appliances, heated tile floors, and tastefully curated furnishings that enhance both comfort and style. With four bedrooms and two full bathrooms, the layout provides flexibility for both everyday living and entertaining. Ideally located just minutes from Nevada Beach and only four miles from South Lake Tahoe's vibrant town center, this home offers the perfect balance of privacy and convenience. Enjoy lake and mountain views, unwind in the private hot tub, and experience the very best of Tahoe living.

Listed by Bruce Soli — Engel & Volkers Incline Village

Listing Details

Status Active
MLS # 260006207
Days on Market 91
Price/Sq Ft $812

Property History

May 16, 2026
Listed for sale
$1,750,000
Jun 29, 2026
Price changed
$1,750,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 2,156
Lot Size 0.11 acres
Stories 2
Year Built 1959
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-811-010
Parking
Total Parking 4
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Level, Sloped Down
View Mountain(s), Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $2,442
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 — 648 Lakeview Drive, Zephyr Cove

Est. Annual Revenue
$48,692
Avg Nightly Rate
$275
Projected Occupancy
48.5%
Cap Rate
1.1%
Structural Score: 55 / 100 (Premium) · 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
806 sq ft covered of 54 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
5,408 sq ft
Allowed Coverage
54 sq ft · 1%
Existing Coverage
806 sq ft · 15%
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% ($350,000)
Home price
$1,750,000
Loan details
30-yr fixed, 6.5%
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