Versatile Two-Unit Property in Coveted Lower Kingsbury - Income Potential + Scenic Views
Nestled in the highly sought-after Lower Kingsbury neighborhood, this unique two-unit residence offers a rare combination of lifestyle, location, and income potential. Just steps from the popular Stinger Trail and Burke Creek Trails, outdoor recreation is at your doorstep.
The main home features 4 bedrooms and 2 bathrooms, with a thoughtfully designed layout. One bedroom and bath are conveniently located downstairs, along with a spacious living area that opens directly to a fenced backyard complete with a private hot tub — perfect for entertaining or relaxing after a day on the trails. Upstairs, you'll find three additional bedrooms and a full bathroom, offering comfort and privacy for family or guests.
Above the two-car garage sits a well-appointed 800 sq ft second residence with 2 bedrooms and 1 bathroom. Enjoy peekaboo lake views and stunning sunsets from the bright, open living area — ideal for use as a guest suite, rental unit, or multi-generational living.
Whether you're looking to generate rental income, host guests, or simply enjoy the flexibility of a dual-living setup, this property delivers on all fronts. Don't miss this exceptional opportunity to own in one of the most desirable areas near Lake Tahoe.
Closed
$1,100,000
299 Chimney Rock Rd, Stateline, NV 89449
6beds
2,660sqft
Single Family Residence
Built in 1960
0.31 Acres Lot
$1,115,800 Zestimate®
$414/sqft
$6,338 Estimated rent
Home value
$1,115,800
$1.00M - $1.24M
$6,338/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 9 hours ago
Listing updated: December 14, 2025 at 09:02pm
Listed by:
Nicole Zaborsky BS.146514 530-416-2779,
Ascent Property Group
Bought with:
Lisa S. Valentine, BS.143561
Coldwell Banker Select ZC
Lauren Connolly, S.202664
Coldwell Banker Select Incline
Source: NNRMLS,MLS#: 250052517
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Fireplace(s), Forced Air, Natural Gas, Wall Furnace
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Microwave, Refrigerator, Washer
- Laundry: In Hall
Features
- In-Law Floorplan
- Flooring: Carpet, Tile, Vinyl
- Windows: Aluminum Frames, Double Pane Windows, Skylight(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,660
- Total interior livable area: 2,660 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Parking Pad
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: None
- Pool features: None
- Has spa: Yes
- Spa features: Above Ground
- Fencing: Back Yard
Lot
- Size: 0.31 Acres
- Features: Sloped Up
Details
- Additional structures: Shed(s)
- Parcel number: 131823610012
- Zoning: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Other
- Roof: Composition,Pitched
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Internet Available, Phone Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Keyless Entry, Smoke Detector(s)
Location
- Region: Stateline
- Subdivision: Lakewood Knolls
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2025 | Sold | $1,100,000-12%$414/sqft |
Source:  NNRMLS #250052517 Report a problem | ||
| 8/27/2025 | Contingent | $1,250,000$470/sqft |
Source: NNRMLS #250052517 Report a problem | ||
| 8/20/2025 | Price change | $1,250,000-2%$470/sqft |
Source: NNRMLS #250052517 Report a problem | ||
| 7/31/2025 | Price change | $1,275,000-7.3%$479/sqft |
Source: NNRMLS #250052517 Report a problem | ||
| 7/3/2025 | Listed for sale | $1,375,000+142.8%$517/sqft |
Source: NNRMLS #250052517 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,422 +2.1% | $178,972 +0.4% |
| 2024 | $3,353 +4.2% | $178,239 +2.7% |
| 2023 | $3,219 +3.1% | $173,600 +23.1% |
Find assessor info on the county website
Neighborhood: 89449
Nearby schools
GreatSchools rating
- 8/10Zephyr Cove Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 8/10George Whittell High SchoolGrades: 6-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Zephyr Cove
- Middle: Same As High School
- High: Whittell - Grades 9-12
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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