$4,350,000 Active
108 Ponderosa Drive
Zephyr Cove, NV 89448
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — many communities in this area restrict short-term rentals.
5 Beds
·
4.5 Baths
·
6,018 Sq Ft

About This Property

Nestled in the Skyland neighborhood on Lake Tahoe's East Shore, this beautifully remodeled home offers the rare combination of luxury living and private beach access. Enjoy filtered lake views from every level and an exceptional floor plan designed for both everyday comfort and entertaining. Extensively renovated, the home features hickory hardwood flooring, sophisticated finishes, and thoughtfully updated living spaces throughout. The chef's kitchen is equipped with premium Wolf and Sub-Zero appliances, including a steam oven, and opens seamlessly to the dining and living areas, creating an ideal setting for gathering with family and friends. Step outside to the expansive deck and take in the peaceful surroundings and lake views. The primary suite serves as a private retreat, complete with dual walk-in closets, in-closet laundry, and a spa-inspired bathroom featuring heated floors, a soaking tub, oversized multi-head shower, and luxurious finishes throughout. Designed with entertaining in mind, the second level includes a custom-built bar, spacious gathering areas, and a private en-suite guest bedroom with its own deck. Additional bedrooms and updated bathrooms provide ample accommodations for family and guests. The lower level offers exceptional flexibility with a second living area, game room, and additional bonus rooms ideal for a home office, fitness space, media room, or overflow guest accommodations. Outside, an oversized private courtyard creates a welcoming entrance, while the fully fenced backyard provides a serene setting for outdoor enjoyment. Additional highlights include a four-car garage, whole-house generator, and numerous upgrades throughout. Located in one of Lake Tahoe's most sought-after lakefront communities, residents enjoy exclusive access to Skyland's private sandy beach, making this an exceptional opportunity to experience the very best of East Shore living.

Listed by Haily Mitchell — Sierra Sotheby's Int'l. Realty

Listing Details

Status Active
MLS # 260006940
Days on Market 84
Price/Sq Ft $723

Property History

Jun 01, 2026
Listed for sale
$4,350,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2015 · county record $1,120,000 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.

Property Overview
Beds 5
Baths 4.5
Sq. Ft. 6,018
Lot Size 0.34 acres
Stories 3
Year Built 1964
Property Type Single Family Residence
Subdivision Skyland
County Douglas
STR Jurisdiction Douglas County
APN 1318-03-212-014
Parking
Garage Spaces 4
Total Parking 6
Parking Features Additional Parking, Detached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Fire Pit
Lot Features Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Fireplace(s), Natural Gas, Radiant Floor
Financial
Annual Tax $7,582
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

Yellow Zone
STRUCTURAL SCORE Premium
74
PROJECTED GROSS ANNUAL REVENUE
$140K – $338K typically ~$232,596
~$19,383 per month
Avg Nightly
$1988
Occupancy
32%
Cap Rate
2.1%

STR Investment Summary — 108 Ponderosa Drive, Zephyr Cove

Est. Gross Annual Revenue
$140K – $338K
typically ~$232,596
Avg Nightly Rate
$1988
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

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
5,908 sq ft covered of 2,965 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
14,825 sq ft
Allowed Coverage
2,965 sq ft · 20%
Existing Coverage
5,908 sq ft · 40%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
2, 4
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 ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($870,000)
Home price
$4,350,000
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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