$598,000 Active
664 Lookout Road
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.

About This Property

This .51-acre parcel provides a unique opportunity to create a customized retreat with beautiful filtered views of Lake Tahoe. Plans for a single-family home with phenomenal views have been created, offering potential for rental income or a personal escape. This property offers a chance for cellular leases, rental income or a private retreat. This lot would also be a great addition to the luxury property next door at 671 Lookout Rd.

Listed by JB Benna — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250059381
Days on Market 224

Property History

Dec 31, 2025
Listed for sale
$598,000
Property Overview
Lot Size 0.51 acres
Property Type Land
Subdivision Zephyr Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-10-411-014
Exterior & Lot
Lot Features Gentle Sloping, Level, Wooded
View Mountain(s), Trees/Woods
Financial
Annual Tax $69
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
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
7,564 sq ft covered of 223 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
22,298 sq ft
Allowed Coverage
223 sq ft · 1%
Existing Coverage
7,564 sq ft · 34%
Addable Coverage
0 sq ft
IPES Score
610.0
Land Capability · TRPA-verified
IPES

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% ($119,600)
Home price
$598,000
Loan details
30-yr fixed, 6.5%
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