$324,000 $348,000 ↓ $24,000 reduced Active
111 Tramway Drive # 11
Stateline, NV 89449

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⚠ No New VHR Permits — Upper Kingsbury - Multi Family at Cap
All 38 of Upper Kingsbury - Multi Family's vacation-rental permits are issued (county data, Oct 16, 2026). New applicants join Douglas County's waitlist, and permits don't transfer with a sale.
📋 STR Permit on File
Douglas County's public short-term-rental registry shows a permit on file for this home.
1 Beds
·
1.0 Baths
·
540 Sq Ft
Virtual Tour

Our data on this home

About This Property

Well-positioned condominium in the Summit Tahoe Village area offering mountain and valley views just moments from Heavenly Ski Resort and Lake Tahoe. This move-in-ready residence or successful short-term rental has been recently refreshed with new interior paint, creating a clean and inviting living environment. The main living space is anchored by a fireplace, adding warmth and character, while the elevated setting brings in natural light and surrounding views. The kitchen includes an electric cooktop, and single oven. Additional features include a sauna, natural gas heating, a pitched composition shingle roof, and common area parking. Ideally located for year-round recreation, this property presents an opportunity as a primary residence, second home, or investment.

Listed by JB Benna — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260005716
Days on Market 168
Price/Sq Ft $600

Property History

May 08, 2026
Listed for sale
$348,000
Jul 30, 2026
Price reduced
$324,000 $348,000 ↓ $24,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2019 · county record $190,000 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 1
Baths 1.0
Sq. Ft. 540
Stories 2
Year Built 1977
Property Type Condominium
Subdivision Summit Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-19-611-012
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Sloped Up
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Natural Gas
Financial
Annual Tax $1,165
HOA Fee $1,000 / Annually
HOA / Community Summit Village HOA
Schools
Elementary School Zephyr Cove
Middle School Kingsbury(Closed)
High School Whittell - Grades 9-12
HOA & Community
Community Amenities None
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$600 – $800/yr
about $58/mo
Est. Rebuild Cost (Coverage A)
$162,000

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

$1,876 per month
Principal & interest
$1,638/mo
Property taxes
$97/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$83/mo
From MLS listing data.
Home insurance
$58/mo
Estimated ~$600–$800/yr — get a local broker quote for accuracy.
Down payment
20% ($64,800)
Home price
$324,000
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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