$2,499,000 Active
652 Freel 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
·
4.0 Baths
·
1,760 Sq Ft

About This Property

Located on a .48 acre lot in the highly sought-after Marla Bay community of Lake Tahoe, this charming 5-bedroom, 3-bathroom cottage offers the perfect blend of classic Tahoe character and modern comfort. Surrounded by towering pines and natural beauty, this inviting home provides plenty of space for family gatherings, weekend getaways, or year-round living. Inside, you'll find warm and welcoming living spaces filled with natural light, cozy gathering areas, and a functional layout designed for both relaxation and entertaining. Five generously sized bedrooms and three full bathrooms provide ample room for guests, while the home's timeless cottage appeal creates a true mountain retreat. Step outside to enjoy the expansive lot, offering abundant privacy, mature landscaping, and endless possibilities for outdoor entertaining, recreation, or future enhancements. Whether you're enjoying a summer barbecue, relaxing beneath the trees, or unwinding after a day on the lake, this property captures the essence of the Tahoe lifestyle. Ideally located in the desirable Marla Bay neighborhood, you'll enjoy easy access to Lake Tahoe's crystal-clear waters, nearby beaches, hiking and biking trails, world-class skiing, dining, shopping, and year-round outdoor adventures. This rare property combines location, space, and charm in one of Lake Tahoe's most coveted lakefront communities.

Listed by Chris Lamb — Realty One Group Eminence

Listing Details

Status Active
MLS # 260008661
Days on Market 19
Price/Sq Ft $1,420

Property History

Jul 07, 2026
Listed for sale
$2,499,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2017 · county record $1,380,000 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 4.0
Sq. Ft. 1,760
Lot Size 0.48 acres
Stories 1
Year Built 1943
Property Type Single Family Residence
Subdivision Zephyr Cove
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-810-059
Parking
Garage Spaces 2
Total Parking 6
Parking Features Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run, None
Lot Features Cul-De-Sac, Gentle Sloping, Sprinklers In Front
View Mountain(s), Peek
Roof Composition, Shingle
Foundation Full Perimeter, Stone
Utilities & Systems
Heating Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $6,308
HOA / Community Voluntary Homeowners association
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

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 — 652 Freel Drive, Zephyr Cove

Est. Annual Revenue
$66,699
Avg Nightly Rate
$379
Projected Occupancy
48.3%
Cap Rate
1.1%
Structural Score: 56 / 100 (Premium) · STR Zone: Yellow

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,961 sq ft covered of 1,328 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
20,735 sq ft
Allowed Coverage
1,328 sq ft · 6%
Existing Coverage
2,961 sq ft · 14%
Addable Coverage
0 sq ft
Existing Units
1

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
$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% ($499,800)
Home price
$2,499,000
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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