$2,399,000 Active
464 Elks Avenue
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.
2 Beds
·
2.0 Baths
·
1,311 Sq Ft

About This Property

Arguably the most extraordinary vintage home existing today on the East Shore. A completely (2015) renovated and modernized 1929 log cabin inside gated Elks Point Country Club. HOA marina with slips, 13-acre private beach, summer boat storage, caretaker. No expense spared. Old Tahoe charm at it's finest. Historic converted ice house guest cottage, too. Cave Rock granite and Tahoe pine. Warm up after skiing with a roaring fire in the stunning log burning hearth. A remarkable one of a kind gem. Renovation includes the installation of DaVinci roofs, new plumbing, fixtures, electrical, furnace, windows, flooring, exterior fascia, deck, water and sewer lines, irrigation and more. Additional banked and documented TRPA coverage. Less than 100 homes in this historic enclave. Full Nevada tax benefits.

Listed by Philip DeLone — Dickson Realty

Listing Details

Status Active
MLS # 1018847
Price/Sq Ft $1,830

Property History

May 06, 2026
Listed for sale
$2,399,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,311
Lot Size 0.16 acres
Stories 2
Year Built 1929
Property Type Single Family Residence
Style Historic/Antique
County Douglas
STR Jurisdiction Douglas County
APN 1318-16-810-045
Parking
Parking Features No Garage,Off Street,Outside,Private
Attached Garage Yes
Exterior & Lot
Exterior Features Private Yard,Rain Gutters
Lot Features Acreage,Open Lot,Level
View Mountain(s),Trees/Woods
Construction Frame,Log,Stone
Roof Other
Utilities & Systems
Heating Electric,Forced Air
Financial
Annual Tax $6,028
HOA Fee $6,700 / Annually
HOA & Community
Community Amenities Beach Rights,Pier
📊

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 — 464 Elks Avenue, Zephyr Cove

Est. Annual Revenue
$45,074
Avg Nightly Rate
$304
Projected Occupancy
40.6%
Cap Rate
0.8%
Structural Score: 51 / 100 (Standard) · 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% ($479,800)
Home price
$2,399,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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