$415,000 Active
1391 Mary Jo Drive
Gardnerville, NV 89460
✓ 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.
3 Beds
·
2.0 Baths
·
1,264 Sq Ft

About This Property

Calling all investors, renovators, and buyers with a vision! This Gardnerville Ranchos fixer-upper is full of potential and ready for its next chapter. Whether you're looking to renovate and make it your own, prepare it as a rental property, or take on your next flip, this home offers a great opportunity to bring your ideas to life. The living room is filled with natural light from two skylights and features a charming window bench that adds character to the space. Out back, the yard faces the beautiful Sierra Nevada mountains and offers plenty of potential to create an inviting outdoor space with a picturesque backdrop. Great location! Short drive to town, Lake Tahoe, and all the fun things that Carson Valley has to offer. Bring your creativity and see what this property could become! Property is being sold AS-IS.

Listed by Mimi Stanton — M Scott Properties

Listing Details

Status Active
MLS # 260012111
Days on Market 2
Price/Sq Ft $328

Property History

Sep 18, 2026
Listed for sale
$415,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,264
Lot Size 0.21 acres
Stories 1
Year Built 1990
Property Type Single Family Residence
Subdivision Gardnerville Ranchos
STR Jurisdiction Douglas County
APN 1220-28-510-027
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Masonite
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $2,009
Schools
Elementary School Scarselli
Middle School Pau-Wa-Lu
High School Douglas
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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% ($83,000)
Home price
$415,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Real Estate Tahoe.