$1,999,999 Active

364 Terrace View Drive

Stateline, NV 89449

✓ 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.

4 Beds

5.0 Baths

2,973 Sq Ft

About This Property

OWNER FINANCING MAKES YOUR TAHOE DREAM POSSIBLE! Skip the bank. Zero closing costs and owner financing with 40% down. Rare in Tahoe, it means fast close, easy qualification, and thousands in savings. Move-in ready. With mountain, forest and a filtered lake view, this freshly updated two-story home delivers space and quiet, yet is close to the ski slopes. New flooring and fresh painting throughout. 4 bedrooms, 5 bathrooms, two living areas, open kitchen, 2 flex rooms - set them up as home offices, a study, a small theater, even as a private gym. Drought-conscious lavender field adds character while keeping water use low. Fenced back yard. Three heat sources: central heating with backup gas and wood fireplaces mean you'll never be cold. Laundry room with washer/dryer. Generous backyard under porch storage. Large, finished 3 car garage. Located in a quiet neighborhood with walking and biking trails, the school bus stops directly in front of the house. The lifts for the Heavenly Mountain Ski Resort are only 7 minutes away. With no HOA, zero state income taxes, and owner financing, what could be better?

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active

MLS # 260008499

Days on Market 24

Price/Sq Ft $673

Property History

Jul 02, 2026

Listed for sale

$1,999,999

Sale History · changed hands 1×

Sold	Price	Listing agent (sell side)	Buyer agent (buy side)
Oct 2003 · county record	$547,500	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 4

Baths 5.0

Sq. Ft. 2,973

Lot Size 0.27 acres

Stories 2

Year Built 1976

Property Type Single Family Residence

Subdivision Terrace View Heights

County Douglas

STR Jurisdiction Douglas County

APN 1318-23-510-008

Parking

Garage Spaces 3

Total Parking 7

Parking Features Additional Parking, Garage

Attached Garage Yes

Exterior & Lot

Exterior Features Balcony

Lot Features Corner Lot

View Mountain(s), Trees/Woods

Construction Frame

Roof Asphalt

Foundation Crawl Space, Slab

Utilities & Systems

Heating Forced Air

Financial

Annual Tax $5,068

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

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

STR Investment Summary — 364 Terrace View Drive, Stateline

Est. Annual Revenue

$70,305

Avg Nightly Rate

$402

Projected Occupancy

47.9%

Cap Rate

1.4%

Structural Score: 70 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit

3,826 sq ft covered of 2,388 sq ft allowed

This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.

Parcel Size

11,948 sq ft

Allowed Coverage

2,388 sq ft · 20%

Existing Coverage

3,826 sq ft · 32%

Addable Coverage

0 sq ft

Existing Units

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($400,000)

Home price

$1,999,999

Loan details

30-yr fixed, 6.5%

Start Time

End Time

We'll contact you soon.

Murat Gocmen

Managing Broker

CA DRE# 02235314 NV B.1003327.LLC

(530) 317-0373

Send a Message

Or call directly: (530) 317-0373