$2,498,000 Active

732 Cedar Street

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.

1 Beds

1.0 Baths

640 Sq Ft

About This Property

Originally built in 1926, this property has already completed a historic review through TRPA and has been approved for demolition, removing a significant hurdle in the development process. The parcel includes 2,779 square feet of verified, banked TRPA coverage and offers exceptional potential for a luxury custom residence. Included with the sale are conceptual plans for an approximately 4,000+ square foot mountain-modern home featuring: 4 Bedrooms, 4.5 Bathrooms and a oversized 2-Car Garage Designed to maximize functionality, livability, and Tahoe lifestyle appeal Also included is a complete set of architectural plans and engineering documents, prepared and ready for submission to Douglas County for permit review. A unique opportunity to accelerate the building process and create a premier custom home in one of Lake Tahoe's most desirable locations.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active

MLS # 260006353

Days on Market 91

Price/Sq Ft $3,903

Property History

May 20, 2026

Listed for sale

$1,500,000

Jun 22, 2026

Price changed

$2,498,000

Sale History · changed hands 1×

Sold	Price	Listing agent (sell side)	Buyer agent (buy side)
Dec 2024 · county record	$1,050,000	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 1

Baths 1.0

Sq. Ft. 640

Lot Size 0.11 acres

Stories 2

Year Built 1926

Property Type Single Family Residence

Subdivision Zephyr Cove

County Douglas

STR Jurisdiction Douglas County

APN 1318-10-310-040

Parking

Total Parking 4

Parking Features Garage

Attached Garage Yes

Exterior & Lot

Exterior Features None

Lot Features Artificial Turf, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear

View Mountain(s)

Roof Composition

Foundation Concrete Perimeter

Utilities & Systems

Heating Electric, ENERGY STAR Qualified Equipment, Forced Air, Heat Pump, Natural Gas, Radiant Floor

Cooling Central Air

Water Source Lake Tahoe

Financial

Annual Tax $3,225

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

Yellow Zone

STRUCTURAL SCORE Premium

PROJECTED GROSS ANNUAL REVENUE

$24K – $54K typically ~$35,433

~$2,953 per month

Avg Nightly

$178

Occupancy

54%

Cap Rate

0.6%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

STR Investment Summary — 732 Cedar Street, Zephyr Cove

Est. Gross Annual Revenue

$24K – $54K

typically ~$35,433

Avg Nightly Rate

$178

Projected Occupancy

54.4%

Cap Rate

0.6%

Structural Score: 57 / 100 (Premium) · 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

Room to build

1,412 sq ft covered of 1,416 sq ft allowed

4 sq ft of coverage still available to add.

Parcel Size

4,720 sq ft

Allowed Coverage

1,416 sq ft · 30%

Existing Coverage

1,412 sq ft · 30%

Addable Coverage

4 sq ft

Land Capability · TRPA-verified

Existing Units

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

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($499,600)

Home price

$2,498,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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