$348,000 Active
111 Tramway Drive # 11
Stateline, NV 89449
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
1 Beds
·
1.0 Baths
·
540 Sq Ft
Virtual Tour

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 has been recently refreshed with new carpeting and 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 a built-in dishwasher, electric cooktop, single oven, and garbage disposal. Additional features include 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
Price/Sq Ft $644

Property History

May 08, 2026
Listed for sale
$348,000
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

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%

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% ($69,600)
Home price
$348,000
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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