$1,730,000 Active
353 Sherwood Drive
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.
6 Beds
·
4.0 Baths
·
3,931 Sq Ft
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About This Property

Endless possibilities await within this extremely versatile home. First floor living offers the option to be privately closed off, creating an ideal retreat for guests. This level features a spacious open living area with a kitchenette, laundry room with washer and dryer, two comfortable bedrooms and bathroom enhanced by custom cabinetry. On the second floor, a bright and warm living room is illuminated by skylights that invite sunlight to pour in throughout the day. A welcoming fireplace enriches the ambiance of mountain living, while walls of windows create a seamless connection to the wraparound deck, which extends from the living room to the kitchen and offers access to both the upper and lower levels. The great room on the opposite side of this floor flows into a spacious kitchen and charming dining nook. Sliding glass doors open to the wraparound deck and lead upward to the third level. Additional skylights and oversized windows bathe the breakfast nook and dining area in natural light, while lake and mountain views from the kitchen lend a serene and picturesque touch, along with another fireplace. Two oversized bedrooms complete the middle level. The primary suite features mountain views, an extra large, deep closet, along with an en-suite bathroom offering custom cabinetry, double vanities, a walk-in shower, a distinctive soaking tub, and walk in closet, together creating a truly special and private retreat. The second bedroom on this floor is well-suited as either a guest room or a refined home office and is complemented by a Jack-and-Jill bath with ample custom storage. A large laundry room is also conveniently located on this level. The third floor is equally captivating, showcasing beautiful lake views, an additional spacious living area, and two more bedrooms and bathroom. Windows surround the living space, and sliding doors open to a third level deck with exterior access to the kitchen deck below. The finished two-car garage is both deep and well-equipped, complete with a utility sink. Adjacent to the garage is an expansive flexible space, housing the boiler system that provides warmth throughout this area. Whether envisioned as a workshop, craft studio, game room or storage for outdoor equipment, this versatile space offers exceptional potential. The extra large parking pad leaves room for many vehicles. Situated in the desirable Lakewood Knolls neighborhood, this distinctive home is ready to welcome its next owner, one who appreciates space, flexibility, and room to grow.

Listed by Ellen Camacho — Sierra Sotheby's Int'l. Realty

Listing Details

Status Active
MLS # 260002136
Days on Market 69
Price/Sq Ft $440

Property History

Feb 27, 2026
Listed for sale
$1,730,000
Property Overview
Beds 6
Baths 4.0
Sq. Ft. 3,931
Lot Size 0.31 acres
Stories 3
Year Built 1977
Property Type Single Family Residence
Subdivision Lakewood Knolls
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-710-075
Parking
Garage Spaces 2
Total Parking 5
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Down, Sloped Up, Wooded
View Mountain(s), Trees/Woods
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Baseboard, Natural Gas
Financial
Annual Tax $4,390
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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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 — 353 Sherwood Drive, Stateline

Est. Annual Revenue
$114,528
Avg Nightly Rate
$1220
Projected Occupancy
25.9%
Cap Rate
2.6%
Structural Score: 69 / 100 (Premium) · 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% ($346,000)
Home price
$1,730,000
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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