$650,000 Active
109 Lake Village Drive #A
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.
2 Beds
·
1.5 Baths
·
1,148 Sq Ft

About This Property

Tucked away in the desirable Lake Village community of Zephyr Cove, Nevada, this inviting 2-bedroom, 1.5-bath home offers 1,148 square feet of comfortable mountain living. The open floor plan seamlessly connects the kitchen and living area, creating a warm and welcoming space ideal for relaxing or entertaining. Vaulted ceilings enhance the sense of space and natural light, giving the home an airy, elevated feel. Enjoy easy access to Lake Village's sought-after amenities, along with scenic walking trails that lead directly down to Nevada Beach—perfect for taking in the beauty of Lake Tahoe year-round. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this charming property combines convenience, comfort, and access to the best of Tahoe living.

Listed by Elliot Young — Chase International - ZC

Listing Details

Status Active
MLS # 260004514
Days on Market 126
Price/Sq Ft $566

Property History

Apr 15, 2026
Listed for sale
$650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2020 · county record $424,000 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 2
Baths 1.5
Sq. Ft. 1,148
Lot Size 0.03 acres
Stories 2
Year Built 1975
Property Type Townhouse
Subdivision Lake Village
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-212-023
Parking
Total Parking 1
Parking Features Detached
Exterior & Lot
Exterior Features Tennis Court(s)
Lot Features Level
View Mountain(s), Trees/Woods
Roof Composition
Foundation Pillar/Post/Pier
Pool & Spa
Pool Outdoor Pool, Pool/Spa Combo
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $2,376
HOA Fee $626 / Monthly
HOA / Community Lake Village HOA
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Clubhouse, Parking, Pool, Recreation Room
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
53
PROJECTED GROSS ANNUAL REVENUE
$27K – $55K typically ~$34,178
~$2,848 per month
Avg Nightly
$174
Occupancy
54%
Cap Rate
2.1%

STR Investment Summary — 109 Lake Village Drive #A, Zephyr Cove

Est. Gross Annual Revenue
$27K – $55K
typically ~$34,178
Avg Nightly Rate
$174
Projected Occupancy
53.7%
Cap Rate
2.1%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

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
902 sq ft covered of 12 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,185 sq ft
Allowed Coverage
12 sq ft · 1%
Existing Coverage
902 sq ft · 76%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
4
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 ↗

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% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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