About This Property
Located in the highly desirable Zephyr Heights neighborhood on Lake Tahoe's Nevada East Shore, this 3-bedroom, 3-bath mountain rustic lakeview chalet offers the perfect blend of classic Tahoe charm, comfortable mountain living, and exceptional convenience. Positioned to capture filtered lake views and the surrounding alpine setting, this inviting retreat features expansive front-to-rear decking designed for year-round enjoyment of the Sierra landscape. Zephyr Heights is one of Lake Tahoe's most sought-after neighborhoods, known for its larger homesites, panoramic lake views, and unique blend of privacy and accessibility. Residents enjoy the freedom of a community with no HOA and no CC&Rs, while benefiting from close proximity to the area's premier recreation and amenities. The property is located just minutes from Zephyr Cove Beach, Round Hill shopping and dining, and only three miles from the Stateline casino and entertainment corridor. Heavenly Ski Resort's Boulder Lodge is approximately six miles away, offering convenient access to world-class skiing, snowboarding, hiking, and mountain biking. Fully wrapped in cedar siding, the residence showcases timeless Tahoe character throughout, including solid pine doors, rich oak flooring, a striking quartzite fireplace in the main living area, a travertine fireplace in the spacious primary bedroom suite, and a charming wood stove in the dining area. The updated kitchen features quartz countertops and an ideal layout for everyday living and entertaining, while the home's thoughtful floor plan provides comfortable gathering spaces for family and guests. Large windows and generous outdoor living areas create a seamless connection to the surrounding mountain environment, enhancing the home's warm and inviting atmosphere. Exterior improvements include a paver driveway, fenced yard, low-maintenance landscaping, and an oversized one-car garage with additional storage. Whether serving as a primary residence, vacation retreat, or investment property, this well-maintained home offers an outstanding opportunity to enjoy the coveted Lake Tahoe lifestyle in one of the Nevada East Shore's most established and desirable neighborhoods.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 615 Riven Rock Road, Zephyr Cove
Based on comparable vacation rental performance data for Zephyr Cove. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.
Verify on Tahoe Info ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
