$1,800,000 Active
636 Lakeview Drive
Zephyr Cove, NV 89448

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✓ VHR Permits Available — 2 left in Zephyr Heights/Knolls
Douglas County caps vacation-rental permits by neighborhood. Zephyr Heights/Knolls has 2 of its 38 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.
More Lake Tahoe homes for sale where STRs are allowed →

Our data on this home

Short-term rental income $45K – $115K/yr Est. gross · $437/night · 47.0% booked TRPA land coverage Over the limit 4,453 of 126 sq ft used Home insurance $3,700 – $5,400/yr Standard homeowners policy

About This Property

Rare opportunity to own a well-located triplex in desirable Zephyr Cove, offering a blend of income potential, outdoor lifestyle, and future development possibilities. The property features three separate units: a spacious 3-bedroom, 2-bath, a 2-bedroom, 2-bath, and a 1-bedroom, 1-bath. Some units enjoy lake views, while the property itself offers a nice yard, abundant parking, and a detached garage. There is also potential to develop a fourth unit, providing an exciting opportunity for an owner looking to add value and increase the property's income potential, subject to applicable approvals and zoning requirements. Located close to the beaches, Lake Tahoe, hiking, biking, skiing, boating, and the year-round outdoor recreation that makes the Tahoe lifestyle so desirable. Whether you're looking for a multifamily investment, a property with room to grow, or a foothold in the Tahoe market, 636 Lakeview offers a compelling combination of location, flexibility, and potential.

Listed by Elliot Young — Chase International - ZC

Listing Details

Status Active
MLS # 260012390
Days on Market 27

Property History

Sep 25, 2026
Listed for sale
$1,800,000
Property Overview
Lot Size 0.29 acres
Stories 2
Year Built 1956
Property Type Triplex
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-09-811-014
Parking
Total Parking 10
Parking Features Carport, RV Access/Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Landscaped, Sprinklers In Front, Sprinklers In Rear, Other
Construction Brick, Frame, Masonite, Wood Siding
Roof Composition, Pitched
Foundation Slab, Crawl Space
Utilities & Systems
Heating Fireplace(s), Natural Gas
Financial
Annual Tax $3,879
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Barbecue
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$45K – $115K typically ~$75,000
~$6,250 per month
Avg Nightly
$437
Occupancy
47%
Cap Rate
1.7%

STR Investment Summary — 636 Lakeview Drive, Zephyr Cove

Est. Gross Annual Revenue
$45K – $115K
typically ~$75,000
Avg Nightly Rate
$437
Projected Occupancy
47.0%
Cap Rate
1.7%
Structural Score: 62 / 100 (Premium) · STR Zone: Green

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
4,453 sq ft covered of 126 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,584 sq ft
Allowed Coverage
126 sq ft · 1%
Existing Coverage
4,453 sq ft · 35%
Addable Coverage
0 sq ft
Existing Units
3

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

$3,700 – $5,400/yr
about $379/mo
Est. Rebuild Cost (Coverage A)
$1,080,000

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

$9,804 per month
Principal & interest
$9,102/mo
Property taxes
$323/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
$379/mo
Estimated ~$3,700–$5,400/yr — get a local broker quote for accuracy.
Down payment
20% ($360,000)
Home price
$1,800,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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