$999,500 Active
223 Lyons 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.
3 Beds
·
2.5 Baths
·
1,400 Sq Ft
Virtual Tour

About This Property

Welcome to your Lake Tahoe, Nevada home—set in the Cave Rock neighborhood, where the shoreline is a short walk away and Cave Rock rises quietly from the water, shaping the character of this part of Lake Tahoe. This updated 3-bedroom, 2.5-bath home offers approximately 1,400 square feet of easy, well-designed living. Natural light moves through the open main living area, with fresh interior paint and a simple, clean layout calm the senses. The kitchen has been refreshed with new granite countertops and a full suite of stainless-steel appliances—practical, polished, and ready for everyday use. The deck extends the living space outdoors, a place for morning coffee, evening light, and fresh alpine air. With no future development planned behind the property (per Douglas County), the backdrop remains open and quiet. A shed built for large bikes keeps Tahoe gear organized and within reach. Located just outside the busier town centers, Cave Rock offers a quieter rhythm—more local, less traveled. It's a short walk to the shores of Lake Tahoe, with straightforward access to Reno-Tahoe International Airport, Carson City, and everyday shopping and services. A setting that makes it easy to come and go, while still feeling removed. This is a low-maintenance home with a strong sense of place—suited for full-time living, a weekend base, or long-term investment.

Listed by Rhonda Keen — Compass

Listing Details

Status Active
MLS # 260003007
Days on Market 51
Price/Sq Ft $714

Property History

Mar 18, 2026
Listed for sale
$999,500
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,400
Lot Size 0.06 acres
Stories 2
Year Built 1977
Property Type Single Family Residence
Subdivision Cave Rock Village
County Douglas
STR Jurisdiction Douglas County
APN 1418-34-111-033
Parking
Total Parking 2
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s), Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Wall Furnace
Water Source Lake Tahoe
Financial
Annual Tax $1,454
Schools
Elementary School Zephyr Cove
Middle School Kingsbury(Closed)
High School Whittell - Grades 9-12
📊

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 — 223 Lyons Avenue, Zephyr Cove

Est. Annual Revenue
$39,754
Avg Nightly Rate
$304
Projected Occupancy
36.0%
Cap Rate
1.6%
Structural Score: 48 / 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% ($199,900)
Home price
$999,500
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373