$475,000 Active
761 Milky Way Court #A
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
·
1.0 Baths
·
840 Sq Ft

About This Property

Affordable Lake Tahoe Living at Its Finest! Tucked among the trees just minutes from Heavenly Ski Resort, this fully remodeled 2-bedroom, 1-bath end-unit townhome offers the perfect blend of modern comfort and mountain charm in beautiful Lake Tahoe. Surrounded by forest views from an abundance of windows, the home is filled with natural light and a true sense of serenity. Inside, you'll find stylish updates throughout, including a cozy gas fireplace with a wood mantle—perfect for snowy Tahoe evenings. The thoughtfully renovated kitchen and bathroom feature contemporary finishes, while a heated bathroom floor and high-efficiency central heating ensure year-round comfort. A refrigerator, washer, and dryer are all included for move-in-ready convenience. The primary bedroom offers a private slider with direct walkout access to the forest, creating a peaceful retreat right outside your door. All windows have been upgraded with durable vinyl frames for enhanced energy efficiency. Outdoor living is elevated with a brand-new 10-foot-wide deck spanning each level, along with a new metal grate staircase—seamlessly extending your living space and providing the ideal setting to relax or entertain in the fresh mountain air. Below the unit, a large deeded storage area offers ample room for all your summer and winter gear. With just six units in the building, this rare offering delivers an intimate community feel while maintaining privacy and tranquility. Whether you're seeking a full-time residence, weekend escape, or investment opportunity, this beautifully updated Sierra retreat is your gateway to enjoying Tahoe in every season.

Listed by Jason Lococo — Dickson Realty - Gardnerville

Listing Details

Status Active
MLS # 260002050
Days on Market 72
Price/Sq Ft $565

Property History

Feb 25, 2026
Listed for sale
$475,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 840
Lot Size 0.05 acres
Stories 2
Year Built 1977
Property Type Townhouse
Subdivision Tahoe Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-30-615-001
Parking
Total Parking 1
Parking Features Additional Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Corner Lot, Gentle Sloping, Wooded
View Mountain(s), Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space, Pillar/Post/Pier
Pool & Spa
Pool Outdoor Pool
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Financial
Annual Tax $1,391
HOA Fee $445 / Monthly
HOA / Community Tahoe Village
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Parking, Pool, Shuttle Service, Spa/Hot Tub
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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 — 761 Milky Way Court #A, Stateline

Est. Annual Revenue
$44,845
Avg Nightly Rate
$262
Projected Occupancy
44.7%
Cap Rate
3.8%
Structural Score: 51 / 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% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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