$598,000 Active
664 Lookout Road
Zephyr Cove, NV 89448

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✓ VHR Permits Available — 2 left in Zephyr Heights/Knolls
Douglas County caps vacation-rental permits by neighborhood. Zephyr Heights/Knolls has 2 of its 38 permits unissued (county data, Nov 1, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
More Lake Tahoe homes for sale where STRs are allowed →

Our data on this home

TRPA land coverage Est. above allowance 7,564 of 223 sq ft used

About This Property

This .51-acre parcel provides a unique opportunity to create a customized retreat with beautiful filtered views of Lake Tahoe. Plans for a single-family home with phenomenal views have been created, offering potential for rental income or a personal escape. This property offers a chance for cellular leases, rental income or a private retreat. This lot would also be a great addition to the luxury property next door at 671 Lookout Rd.

Listed by JB Benna — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250059381
Days on Market 316

Property History

Dec 31, 2025
Listed for sale
$598,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2017 · county record $266,566 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Lot Size 0.51 acres
Property Type Land
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-411-014
Exterior & Lot
Lot Features Gentle Sloping, Level, Wooded
View Mountain(s), Trees/Woods
Financial
Annual Tax $69
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

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Estimated above allowance
7,564 sq ft covered of 223 sq ft allowed
TRPA's map estimates show more existing coverage than the estimated allowance. Both are estimates, not a ruling: a Land Capability Verification sets the real allowance, and coverage built before TRPA's rules is often legally existing.
Parcel Size
22,298 sq ft
Allowed Coverage · est.
223 sq ft · 1%
Existing Coverage · est.
7,564 sq ft · 34%
Addable Coverage
0 sq ft
IPES Score
610.0
Land Capability · TRPA-verified
IPES

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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 ↗ How the Basin compares

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

$3,030 per month
Principal & interest
$3,024/mo
Property taxes
$6/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($119,600)
Home price
$598,000
Loan details
30-yr fixed, 6.5%
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