$2,195,000 Active
611 Jerry Drive
Zephyr Cove, NV 89448

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✓ VHR Permits Available — 2 left in Zephyr Heights/Knolls
Douglas County caps vacation-rental permits by neighborhood. Zephyr Heights/Knolls has 2 of its 38 permits unissued (county data, Oct 16, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
📋 STR Permit on File
Douglas County's public short-term-rental registry shows a permit on file for this home.
5 Beds
·
6.0 Baths
·
4,100 Sq Ft

Our data on this home

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 191
Price/Sq Ft $535

Property History

Apr 14, 2026
Listed for sale
$2,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2020 · county record $900,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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 Premium
65
PROJECTED GROSS ANNUAL REVENUE
$35K – $105K typically ~$75,000
~$6,250 per month
Avg Nightly
$436
Occupancy
47%
Cap Rate
1.4%

STR Investment Summary — 611 Jerry Drive, Zephyr Cove

Est. Gross Annual Revenue
$35K – $105K
typically ~$75,000
Avg Nightly Rate
$436
Projected Occupancy
47.1%
Cap Rate
1.4%
Structural Score: 65 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Zephyr Cove. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,748 sq ft covered of 100 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
10,028 sq ft
Allowed Coverage
100 sq ft · 1%
Existing Coverage
4,748 sq ft · 47%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$7,700 – $11,300/yr
about $792/mo
Est. Rebuild Cost (Coverage A)
$2,255,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$12,358 per month
Principal & interest
$11,099/mo
Property taxes
$467/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$792/mo
Estimated ~$7,700–$11,300/yr — get a local broker quote for accuracy.
Down payment
20% ($439,000)
Home price
$2,195,000
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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