$1,999,999 Active
364 Terrace View Drive
Stateline, NV 89449
✓ 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.
4 Beds
·
5.0 Baths
·
2,973 Sq Ft

About This Property

OWNER FINANCING MAKES YOUR TAHOE DREAM POSSIBLE! Skip the bank. Zero closing costs and owner financing with 40% down. Rare in Tahoe, it means fast close, easy qualification, and thousands in savings. Move-in ready. With mountain, forest and a filtered lake view, this freshly updated two-story home delivers space and quiet, yet is close to the ski slopes. New flooring and fresh painting throughout. 4 bedrooms, 5 bathrooms, two living areas, open kitchen, 2 flex rooms - set them up as home offices, a study, a small theater, even as a private gym. Drought-conscious lavender field adds character while keeping water use low. Fenced back yard. Three heat sources: central heating with backup gas and wood fireplaces mean you'll never be cold. Laundry room with washer/dryer. Generous backyard under porch storage. Large, finished 3 car garage. Located in a quiet neighborhood with walking and biking trails, the school bus stops directly in front of the house. The lifts for the Heavenly Mountain Ski Resort are only 7 minutes away. With no HOA, zero state income taxes, and owner financing, what could be better?

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active
MLS # 260008499
Price/Sq Ft $673

Property History

Jul 02, 2026
Listed for sale
$1,999,999
Property Overview
Beds 4
Baths 5.0
Sq. Ft. 2,973
Lot Size 0.27 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
Subdivision Terrace View Heights
County Douglas
STR Jurisdiction Douglas County
APN 1318-23-510-008
Parking
Garage Spaces 3
Total Parking 7
Parking Features Additional Parking, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Corner Lot
View Mountain(s), Trees/Woods
Construction Frame
Roof Asphalt
Foundation Crawl Space, Slab
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $5,068
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%

STR Investment Summary — 364 Terrace View Drive, Stateline

Est. Annual Revenue
$96,669
Avg Nightly Rate
$986
Projected Occupancy
27.2%
Cap Rate
1.9%
Structural Score: 70 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Stateline. Revenue projections are estimates and may vary.

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% ($400,000)
Home price
$1,999,999
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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