$2,399,000 Active
464 Elks Avenue
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.
2 Beds
·
2.0 Baths
·
1,311 Sq Ft

About This Property

This is perhaps one of the most extraordinary fully renovated 1929 cabin-home-constructed with Cave Rock granite and lodge pole...and a newly built guest cottage on 1.5 lots found within the luxuriously historic gated Elk Point Country Club community on the East Shore of Lake Tahoe. Large granite wood burning fireplace. A time capsule of Old Tahoe charm, with modern upgrades. A private 13-acre beach with a newly constructed beach deck, a newly constructed marina & slips and boat storage garages awaits you a short walk away. Renovation upgrades in 2015 include newly installed: DaVinci (Class A fire resilient composite roof system), western red cedar exterior fascia, Douglas fir flooring, windows, electrical, instant-on hot water system, plumbing, redwood deck, water & sewer lines, re-seeded indigence landscaping, irrigation system, and more. Additional banked and documented TRPA coverage. Full Nevada tax benefits.

Listed by Diana Renfroe — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260005822
Days on Market 4
Price/Sq Ft $1,830

Property History

May 09, 2026
Listed for sale
$2,399,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,311
Lot Size 0.16 acres
Stories 2
Year Built 1929
Property Type Single Family Residence
Subdivision Elks
County Douglas
STR Jurisdiction Douglas County
APN 1318-16-810-045
Parking
Total Parking 1
Parking Features Additional Parking, Parking Pad
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear, Wooded
View Mountain(s), Trees/Woods
Construction Insulation - Batts, Insulation - Blown-In, Cedar, Log, Stone, Other
Roof Shake
Foundation Insulated Foundation, Crawl Space, Slab
Utilities & Systems
Heating Baseboard, Electric, Fireplace(s), Floor Furnace, Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $6,027
HOA Fee $6,700 / Annually
HOA / Community Elk Point Country Club
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Douglas
HOA & Community
Community Amenities Gated, Parking
📊

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 — 464 Elks Avenue, Zephyr Cove

Est. Annual Revenue
$51,924
Avg Nightly Rate
$325
Projected Occupancy
42.5%
Cap Rate
0.9%
Structural Score: 64 / 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% ($479,800)
Home price
$2,399,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Murat Gocmen.

Or call directly: (530) 317-0373