$1,590,000 $1,650,000 ↓ $60,000 reduced Active Under Contract
191 Kingsbury Circle
Stateline, NV 89449

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✓ VHR Permits Available — 20 left in Chimney Rock
Douglas County caps vacation-rental permits by neighborhood. Chimney Rock has 20 of its 62 permits unissued (county data, Oct 16, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
3 Beds
·
2.5 Baths
·
2,096 Sq Ft

Our data on this home

About This Property

Experience the warmth and character of this distinctive Mountain Tudor-style home, ideally located just one mile from Heavenly Village and the shores of Lake Tahoe. High cathedral ceilings and expansive south- and west-facing windows fill the living areas with natural light while capturing beautiful Heavenly Mountain views and filtered glimpses of the lake. The home features hardwood and tile flooring throughout the main living areas and kitchen, high-end carpeting in the bedrooms, and custom window coverings throughout. A spacious, sunlit loft overlooks the living area, offering an ideal setting for a home office, media space, reading retreat, or additional sleeping area. The primary bathroom provides a relaxing escape with a jetted tub and elegant plantation shutters. Designed for comfortable mountain living, the property includes a heated driveway and a premium CertainTeed Presidential TL Ultimate lifetime roof with the sophisticated appearance of DaVinci slate. An additional finished area off the garage offers valuable storage or flexible bonus space and is not included in the home's official square footage. Enjoy convenient access to Heavenly's Nevada ski area and high-speed lift just two miles away, along with endless hiking and mountain biking trails located right outside your back door. This inviting Tahoe retreat combines architectural charm, quality finishes, outdoor recreation, and an exceptional location.

Listed by Anthony Laurian — Coldwell Banker Select ZC

Listing Details

Status Active Under Contract
MLS # 260010091
Days on Market 79
Price/Sq Ft $759

Property History

Aug 05, 2026
Listed for sale
$1,650,000
Aug 28, 2026
Price reduced
$1,590,000 $1,650,000 ↓ $60,000
Oct 21, 2026
Pending
$1,590,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2005 · county record $825,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,096
Lot Size 0.26 acres
Stories 2
Year Built 1983
Property Type Single Family Residence
Subdivision Kingsbury Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-813-017
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener, Heated Driveway, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Adjoins BLM/BIA Land, Corner Lot, Gentle Sloping, Level, Sloped Up, Wooded
View Mountain(s), Peek, Trees/Woods
Construction Stucco
Roof Asphalt, Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $4,978
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 Premium
69
PROJECTED GROSS ANNUAL REVENUE
$35K – $90K typically ~$55,000
~$4,583 per month
Avg Nightly
$294
Occupancy
51%
Cap Rate
1.4%

STR Investment Summary — 191 Kingsbury Circle, Stateline

Est. Gross Annual Revenue
$35K – $90K
typically ~$55,000
Avg Nightly Rate
$294
Projected Occupancy
51.3%
Cap Rate
1.4%
Structural Score: 69 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Stateline. 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
3,087 sq ft covered of 119 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,874 sq ft
Allowed Coverage
119 sq ft · 1%
Existing Coverage
3,087 sq ft · 26%
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. 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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$3,000 – $4,400/yr
about $308/mo
Est. Rebuild Cost (Coverage A)
$880,320

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$8,763 per month
Principal & interest
$8,040/mo
Property taxes
$415/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$308/mo
Estimated ~$3,000–$4,400/yr — get a local broker quote for accuracy.
Down payment
20% ($318,000)
Home price
$1,590,000
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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