$2,195,000
611 Jerry Drive
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.
5 Beds
·
6.0 Baths
·
4,100 Sq Ft

About This Property

A rare opportunity to own a distinctive Swiss Chalet-inspired residence in sought-after Zephyr Heights—just minutes from Lake Tahoe and Heavenly Village. Positioned on a prominent corner lot and uniquely zoned as a duplex by Douglas County, this expansive property offers exceptional flexibility for both personal enjoyment and income potential. Designed for gathering and entertaining, the home features five oversized bedrooms, six baths, a game room, and a spacious family room, all complemented by soaring vaulted ceilings and three wood-burning fireplaces. Two generous decks on each level capture western exposure, flooding the home with natural light and creating seamless indoor-outdoor living with inviting sunset views. Ample parking for eight or more vehicles further enhances its appeal for larger groups. Whether envisioned as a luxury vacation retreat, corporate ski lodge, or high-performing rental asset, this property delivers on both lifestyle and return. With its rare duplex zoning, prime location, and substantial capacity, it presents a compelling opportunity for investors and buyers seeking versatility, scale, and long-term value—offered at an attractive and competitive price point.

Listed by Anthony Laurian — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260004465
Days on Market 5
Price/Sq Ft $535

Property History

Apr 14, 2026
Listed for sale
$2,195,000
Property Overview
Beds 5
Baths 6.0
Sq. Ft. 4,100
Lot Size 0.23 acres
Stories 3
Year Built 1976
Property Type Single Family Residence
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-417-040
Parking
Garage Spaces 1
Total Parking 8
Parking Features Additional Parking, Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Level
View Mountain(s), Trees/Woods
Roof Composition, Shingle
Foundation Crawl Space, Full Perimeter
Utilities & Systems
Heating Hot Water, Natural Gas
Financial
Annual Tax $5,603
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
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 — 611 Jerry Drive, Zephyr Cove

Est. Annual Revenue
$89,777
Avg Nightly Rate
$954
Projected Occupancy
25.4%
Cap Rate
1.6%
Structural Score: 58 / 100 (Premium) · 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% ($439,000)
Home price
$2,195,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444