$1,150,000
748 Hwy 50
Zephyr Cove, NV 89448
STR Status Unknown
2 Beds
·
2.0 Baths
·
1,228 Sq Ft
·
4356 Lot

About This Property

Your opportunity to own a piece of Zephyr Cove—one of Lake Tahoe's most prestigious and sought-after lakefront neighborhoods on the captivating east shore of Nevada! This 2-bedroom, 2-bath chalet offers the perfect chance to create your Tahoe retreat in an exclusive gated community just steps from world-class lake access. The home features a spacious great room ideal for gathering after a day on the water, a separate family room for added flexibility, and convenient single-level living with two bedrooms and two full baths. A large basement provides additional storage and utility space and includes a washer and dryer, newer forced-air heating system, and tankless water heater. The property is being offered in as-is condition, and due to its current state, cash offers are required. Zephyr Cove is a rare and historic lakefront enclave, originally developed in 1926, and home to just 75 residences—including only 10 lakefront properties—creating a close-knit and highly desirable community. Residents enjoy a gated entrance that provides privacy, security, and a true sense of exclusivity. One of the crown jewels of the neighborhood is the private HOA pier, sandy beach, and buoy field. Homeowners have exclusive access to these exceptional amenities, offering the ultimate lakeside lifestyle with opportunities for boating, swimming, paddleboarding, and sunset gatherings. The HOA also maintains a picnic gazebo and beach area, fostering recreation and community connection. Unlike many Lake Tahoe neighborhoods, Zephyr Cove does not have CC&Rs, allowing added flexibility for property ownership. Utilities are provided by Douglas County Utilities and Tahoe Douglas Sewer. The property is ideally located adjacent to the renowned Zephyr Cove Resort, where a general store, restaurant, beach, and water sports rentals make everyday living feel like a vacation. Just 4 miles from the California/Nevada state line, the location offers convenient access to shopping, dining, entertainment, and year-round outdoor adventure. In winter, Heavenly's Boulder Lodge and lift are approximately 6.8 miles away, providing easy access to world-class skiing and snowboarding. Douglas County School bus service is available at the Highway 50 entrance. Whether you envision restoring the existing chalet or creating your long-term Tahoe getaway, this is a rare opportunity to invest in one of Lake Tahoe's most exclusive lake-access communities.

Listed by Craig Zager — Coldwell Banker Select ZC

Listing Details

Status Active
MLS # 260002208
Days on Market 11
Price/Sq Ft $936

Property History

Feb 28, 2026
Listed for sale
$1,150,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,228
Lot Size 0.10 acres
Stories 1
Year Built 1922
Property Type Single Family Residence
Subdivision Zephyr Cove
APN 1318-10-310-058
Parking
Total Parking 2
Parking Features Tandem
Exterior & Lot
Exterior Features None
Lot Features Level
View Peek, Trees/Woods
Construction Block
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Water Source Lake Tahoe
Financial
Annual Tax $2,427
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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($230,000)
Home price
$1,150,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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