$695,000 Closed
151 Palisades Drive #7
Stateline, NV 89449
SOLD 2026-04-17
Sold for $627,000 (listed at $695,000)
2 Beds
·
2.5 Baths
·
1,440 Sq Ft

About This Property

Welcome to this Lake Tahoe condo in the desirable Middle Kingsbury neighborhood of Stateline, Nevada. This well-maintained 2-bedroom, 2.5-bath home offers an open layout with a well-equipped kitchen, modern lighting, foosball table, and two private balconies overlooking mature pines. A rare two-car garage and HOA services including snow removal, trash, and exterior maintenance provide easy living. Located about 2.5 miles from Heavenly's Boulder and Stagecoach Lodges and just over a mile from Stateline dining, casinos, beaches, and entertainment, this property is currently a permitted short-term rental and ideal as a primary home, second home, or income-producing Tahoe retreat.

Listed by Larry Peyton — LPT Realty LLC

Listing Details

Status Closed
MLS # 260001230
Sold Date 2026-04-17
Sold Price $627,000
Price/Sq Ft $483

Property History

Feb 04, 2026
Listed for sale
$695,000
Current
Sold
$695,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,440
Lot Size 0.02 acres
Stories 2
Year Built 1986
Property Type Condominium
Subdivision Manzanita Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-24-411-007
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Up, Wooded
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $3,591
HOA Fee $346 / Monthly
HOA / Community Southstar Pines
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities None

STR Investment Summary — 151 Palisades Drive #7, Stateline

Est. Annual Revenue
$34,728
Avg Nightly Rate
$336
Projected Occupancy
31.7%
Cap Rate
2.0%
Structural Score: 65 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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