$2,100,000
437 Panorama Drive
Stateline, NV 89449
STR Status Unknown
5 Beds
·
5.0 Baths
·
3,588 Sq Ft
·
11761 Lot

About This Property

Nestled in the desirable Mid-Kingsbury area, this luxury mountain home offers a rare combination of privacy, strong rental income potential, and year-round Tahoe lifestyle. Located on a quiet cul-de-sac and backing to Forest Service land, it provides direct access to nature while being just minutes from world-class skiing, hiking and Lake Tahoe. Currently operating as a successful vacation rental, the home is designed to maximize both guest experience and owner enjoyment. An expansive third-floor entertainment space with a wet bar and multiple living areas is ideal for hosting, while dual laundry areas add convenience. Outdoor living is equally inviting, featuring spacious decks, a hot tub, and a built-in fire pit perfect for relaxing after a day of recreation. This is a unique opportunity to own a property that functions as both a private mountain retreat and a high-performing investment, capturing the best of the Tahoe lifestyle while delivering meaningful income potential.

Listed by Mike Dunn — Chase International - ZC

Listing Details

Status Active
MLS # 260003629
Days on Market 1
Price/Sq Ft $585

Property History

Mar 30, 2026
Listed for sale
$2,100,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 3,588
Lot Size 0.27 acres
Stories 3
Year Built 1966
Property Type Single Family Residence
Subdivision Kingsbury Palisades
APN 1318-25-111-020
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Cul-De-Sac, Level, Sloped Down, Wooded
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Electric, Fireplace(s), Natural Gas
Cooling Electric
Financial
Annual Tax $6,956
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%

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% ($420,000)
Home price
$2,100,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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