$2,848,000 Active
622 Freel Drive 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.
4 Beds
·
3.0 Baths
·
2,369 Sq Ft

About This Property

Lakeview home located in the coveted Marla Bay enclave along Lake Tahoe's prized East Shore. Just one block from the community's private, gated beach, this four-bedroom, three-bath residence captures the essence of refined Tahoe living, where privacy, convenience, and natural beauty converge. Set on a nearly level 0.22-acre parcel, the 2,369-square-foot home was thoughtfully designed to embrace both comfort and versatility. The upper-level great room is the heart of the home, featuring soaring vaulted wood ceilings, abundant natural light, and filtered lake views. An expansive deck extends the living space outdoors—ideal for evening gatherings or quiet mornings immersed in mountain air and soft sunset tones. Under the deck is an area for additional sq. ft. that could be added in addition to an oversized 3-car garage! The flexible floor plan offers two en-suite bedrooms, including a desirable main-level suite, perfectly suited for guests or multi-generational living. Downstairs, a second deck opens to a fully fenced backyard, providing a private setting for entertaining, recreation, or serene outdoor enjoyment. Mature landscaping enhances curb appeal while maintaining ease of upkeep throughout the seasons. Parking is generous and practical, with a tandem three-car garage, additional parking pad, and a two-car driveway—well-equipped for vehicles, boats, and Tahoe adventure gear. Marla Bay remains one of the East Shore's most exclusive and intimate communities, with just 98 residences and access to a pristine homeowners' beach via three private electronic gates. Residents enjoy seasonal boat moorings, offering effortless access to the lake. Just moments away, Round Hill Pines Beach Resort delivers a full-service marina, waterfront dining, and a vibrant lakeside atmosphere. Ideally positioned, the home is minutes from the Stateline corridor, Edgewood Golf Course, and world-class entertainment, while Heavenly Mountain Resort's Boulder Lodge is a short drive away for premier skiing and year-round recreation. Douglas County services ensure dependable road maintenance and snow removal, enhancing accessibility in every season. Offered within a community defined by pride of ownership and understated luxury, 622 Freel Drive presents a rare opportunity to secure a foothold in one of Lake Tahoe's most desirable beachside neighborhoods—where lifestyle and location align seamlessly.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260005442
Price/Sq Ft $1,202

Property History

May 02, 2026
Listed for sale
$2,848,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,369
Lot Size 0.22 acres
Stories 2
Year Built 1993
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-810-072
Parking
Garage Spaces 3
Total Parking 6
Parking Features Additional Parking, Attached, Detached, Garage, Garage Door Opener, Heated Garage, Parking Pad, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Gentle Sloping, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Asphalt
Foundation Full Perimeter
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $4,701
HOA / Community Marla Bay Home Owners -Voluntary
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 — 622 Freel Drive Drive, Zephyr Cove

Est. Annual Revenue
$85,255
Avg Nightly Rate
$841
Projected Occupancy
28.4%
Cap Rate
1.2%
Structural Score: 69 / 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% ($569,600)
Home price
$2,848,000
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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