$247,000 Active
240 Shay Creek Road
Markleeville, CA 96120
STR Status Unknown
1 Beds
·
1.0 Baths
·
416 Sq Ft
Virtual Tour

About This Property

Here's a rare chance to own a very nice, fully furnished cabin in the woods! Cozy, comfortable, recently updated, and well-maintained, it features a large deck perfect for enjoying the peace and serenity of the area. The living room offers an efficient wood-burning fireplace insert with ledger stone surround and a vaulted pecky cedar ceiling. The kitchen comes with new hickory cabinets and countertop, new stainless sink and faucet, range, freestanding microwave, and a full-sized refrigerator. There's a full bathroom with a stall shower, and upstairs you'll find a welcoming spacious sleeping loft. Recent upgrades include new flooring, a ledger stone fireplace with woodstove insert, two double-pane windows, fresh exterior paint in 2026, a new screen door, and a Trex deck. Located in the Shay Creek neighborhood near Grover Hot Springs, this "summer home" area has community well water from late April or early May through October or November, depending on weather. While you can enjoy the cabin year-round, it cannot be occupied as a permanent residence. Off-season requires bringing your own water, though a private well may be possible (to be confirmed with Alpine County). No winter snow removal is allowed on Shay Creek Road, but it's just a short snowshoe from the main road. Nearby are fishing spots, hiking trails, natural hot springs, and the charming downtown Markleeville with restaurants and a general store. Close to Lake Tahoe, Carson Valley, and many lakes, plus world-class skiing and endless forest service land for outdoor adventures.

Listed by Teddy McKone — Intero

Listing Details

Status Active
MLS # 260012222
Days on Market 1
Price/Sq Ft $594

Property History

Sep 22, 2026
Listed for sale
$247,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2024 $220,000 Teddy McKoneIntero Teddy McKoneIntero

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 416
Lot Size 0.60 acres
Stories 1
Year Built 1958
Property Type Single Family Residence
APN 002-442-006-000
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Level
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Wood Stove
Financial
Annual Tax $2,311
HOA Fee $300 / Annually
HOA / Community Shay Creek HOA
Schools
Elementary School Diamond Valley
Middle School Diamond Valley
High School Douglas
HOA & Community
Community Amenities None
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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 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% ($49,400)
Home price
$247,000
Loan details
30-yr fixed, 6.5%
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