$385,000 Active
111 Tramway Drive # 5
Stateline, NV 89449
✓ 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
·
720 Sq Ft

About This Property

This is the BEST condo for you skiers and hikers. In and out access to the amazing "Heavenly Valley Stagecoach and Boulder" entrances just a short shuttle away. Light and bright and completely upgraded with great taste. Kitchen upgrade with granite counter tops and a deep, extra-large, custom stainless-steel sink with custom faucet. The living room has an exquisite fireplace for those snowy, winter days. Also on the main level is a fully remodeled marble tile bathroom with a full-size bath. The second floor boasts a master bedroom with a king-sized bed featuring a high-end mattress and a private remodeled bathroom with a marble shower for "The Masters" own privacy. New water heater, new toilets, new interior doors, new lighting and newly painted beams and trim. Just a neat place. ENJOY!!!!!

Listed by Lisa Marx — Tahoe Dream Properties, LLC

Listing Details

Status Active
MLS # 260001721
Days on Market 83
Price/Sq Ft $535

Property History

Feb 14, 2026
Listed for sale
$385,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 720
Stories 3
Year Built 1977
Property Type Condominium
Subdivision Summit Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-19-611-005
Parking
Total Parking 2
Parking Features Additional Parking
Exterior & Lot
Exterior Features None
Lot Features Sloped Down
Roof Composition
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $1,485
HOA Fee $480 / Semi-Annually
HOA / Community Summit Village HOA Master
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Landscaping, Management, Parking, Sauna, Shuttle Service, None
📊

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 — 111 Tramway Drive # 5, Stateline

Est. Annual Revenue
$43,738
Avg Nightly Rate
$263
Projected Occupancy
43.6%
Cap Rate
4.5%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. 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% ($77,000)
Home price
$385,000
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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