$598,000
Active
664 Lookout Road
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.
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
156
Property History
Dec 31, 2025
Listed for sale
$598,000
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
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%
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% ($119,600)
Home price
$598,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
