Sold $1,040,000 $1,150,000 Closed
748 Hwy 50
Zephyr Cove, NV 89448

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SOLD 2026-04-14
Sold for $1,040,000 (listed at $1,150,000)
2 Beds
·
2.0 Baths
·
1,228 Sq Ft

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Our data on this home

About This Property

Your opportunity to own a piece of Zephyr Cove—one of Lake Tahoe's most prestigious and sought-after lakefront neighborhoods on the captivating east shore of Nevada! This 2-bedroom, 2-bath chalet offers the perfect chance to create your Tahoe retreat in an exclusive gated community just steps from world-class lake access. The home features a spacious great room ideal for gathering after a day on the water, a separate family room for added flexibility, and convenient single-level living with two bedrooms and two full baths. A large basement provides additional storage and utility space and includes a washer and dryer, newer forced-air heating system, and tankless water heater. The property is being offered in as-is condition, and due to its current state, cash offers are required. Zephyr Cove is a rare and historic lakefront enclave, originally developed in 1926, and home to just 75 residences—including only 10 lakefront properties—creating a close-knit and highly desirable community. Residents enjoy a gated entrance that provides privacy, security, and a true sense of exclusivity. One of the crown jewels of the neighborhood is the private HOA pier, sandy beach, and buoy field. Homeowners have exclusive access to these exceptional amenities, offering the ultimate lakeside lifestyle with opportunities for boating, swimming, paddleboarding, and sunset gatherings. The HOA also maintains a picnic gazebo and beach area, fostering recreation and community connection. Unlike many Lake Tahoe neighborhoods, Zephyr Cove does not have CC&Rs, allowing added flexibility for property ownership. Utilities are provided by Douglas County Utilities and Tahoe Douglas Sewer. The property is ideally located adjacent to the renowned Zephyr Cove Resort, where a general store, restaurant, beach, and water sports rentals make everyday living feel like a vacation. Just 4 miles from the California/Nevada state line, the location offers convenient access to shopping, dining, entertainment, and year-round outdoor adventure. In winter, Heavenly's Boulder Lodge and lift are approximately 6.8 miles away, providing easy access to world-class skiing and snowboarding. Douglas County School bus service is available at the Highway 50 entrance. Whether you envision restoring the existing chalet or creating your long-term Tahoe getaway, this is a rare opportunity to invest in one of Lake Tahoe's most exclusive lake-access communities.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Closed
MLS # 260002208
Sold Date 2026-04-14
Sold Price $1,040,000
Price/Sq Ft $936

Property History

Feb 28, 2026
Listed for sale
$1,150,000
Current
Sold
$1,040,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,228
Lot Size 0.10 acres
Stories 1
Year Built 1922
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-310-058
Parking
Total Parking 2
Parking Features Tandem
Exterior & Lot
Exterior Features None
Lot Features Level
View Peek, Trees/Woods
Construction Block
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $2,427
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12

STR Investment Summary — 748 Hwy 50, Zephyr Cove

Est. Gross Annual Revenue
$25K – $55K
typically ~$40,000
Avg Nightly Rate
$206
Projected Occupancy
53.2%
Cap Rate
1.4%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Zephyr Cove. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,699 sq ft covered of 47 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
4,724 sq ft
Allowed Coverage
47 sq ft · 1%
Existing Coverage
2,699 sq ft · 57%
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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$1,800 – $2,600/yr
about $183/mo
Est. Rebuild Cost (Coverage A)
$515,760

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

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