$420,000
179 Tramway Drive #A
Stateline, NV 89449
STR Status Unknown
2 Beds
·
1.0 Baths
·
900 Sq Ft
·
1306 Lot

About This Property

Welcome to 179 Tramway Drive, Unit A, located on the desirable Nevada side of South Lake Tahoe. This property may be purchased individually or together with Unit B (MLS#260002734), offering excellent flexibility for both homeowners and investors. Each unit has its own parcel number, providing future flexibility in ownership. Unit A features 2 bedrooms and 1 bathroom with thoughtful updates, creating a comfortable mountain retreat. The property includes a newer roof and recent renovations with approximately $35,000 in upgrades, enhancing both style and functionality. This unit offers the convenience of very few stairs to enter, which is uncommon for properties in the area. Two parking permits are included, with parking conveniently located directly in front of the building for easy access. Long-term rentals are allowed, with potential short-term rental opportunities subject to Douglas County approval. Situated on the Nevada side of Lake Tahoe, the property offers the tax advantages of Nevada ownership along with excellent potential for rental income, personal use, or multi-generational ownership. Ideally located along the route to Heavenly Valley Ski Resort, the property is just minutes from skiing, hiking, outdoor recreation, casinos, dining, golf courses, beaches, and the vibrant South Lake Tahoe downtown area, while still offering a peaceful mountain setting. Buyer and buyer's agent to verify all information including square footage, rental restrictions, and permitting requirements.

Listed by Christy Mayer — Haven Home Realty

Listing Details

Status Active
MLS # 260002733
Days on Market 1
Price/Sq Ft $467

Property History

Mar 12, 2026
Listed for sale
$420,000
Property Overview
Beds 2
Baths 1.0
Sq. Ft. 900
Lot Size 0.03 acres
Stories 1
Year Built 1980
Property Type Townhouse
Subdivision Summit Village
APN 1319-19-720-025
Parking
Total Parking 2
Parking Features Permit Required
Exterior & Lot
Exterior Features None
Lot Features Common Area, Sloped Down, Steep Slope, Wooded
View Mountain(s), Trees/Woods
Construction Concrete, Frame
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space, Raised
Utilities & Systems
Heating Forced Air, Natural Gas, Wall Furnace
Financial
Annual Tax $1,664
HOA Fee $790 / Semi-Annually
HOA / Community Summit Village
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Parking
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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% ($84,000)
Home price
$420,000
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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