$68,900,000 Closed
1041 Lakeshore Boulevard
Incline Village, NV 89451
SOLD 2024-10-10
Sold for $62,000,000 (listed at $68,900,000)
7 Beds
·
9.5 Baths
·
14,197 Sq Ft
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About This Property

Once-in-a-lifetime opportunity! Estates like this are generational and rarely come on the market! Experience the epitome of Lake Tahoe's lakefront sanctuary which offers privacy and exclusivity like no other. This exceptional, iconic estate, best known as The Old Forge - Wynn Estate, offers captivating and unobstructed views of Lake Tahoe. This distinguished property is gated, and sprawls across 5 acres, making this a haven of both solitude and prestige. It boasts 210ft of privately owned sandy beach, complete with a deep water pier, boat hoist, jet ski platform, and two buoys. The main residence is 12,661sf w/ a grandeur primary suite plus three en-suite bedrooms all with sweeping lake views, and a separate office. A gourmet kitchen, media room, game room w/ partial kitchen, wine rm, and a spectacular great room that unfolds onto an expansive outdoor patio. 3 bed/ba 1,536sf guest quarters. Old Forge is preserved with Wynn's original interiors. Only a few parcels on Lakeshore like it.

Listed by Christine Perry — Christie's Sereno

Listing Details

Status Closed
MLS # 1014088
Sold Date 2024-10-10
Sold Price $62,000,000
Price/Sq Ft $4,853

Property History

Sep 22, 2023
Listed for sale
$76,000,000
Current
Sold
$62,000,000
Property Overview
Beds 7
Baths 9.5
Sq. Ft. 14,197
Lot Size 4.97 acres
Stories 2
Year Built 1994
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 130-230-09
Parking
Garage Spaces 4
Parking Features Four Car Garage,Four or more Spaces,Garage
Attached Garage Yes
Exterior & Lot
Lot Features Lake Front,Level
View Lake,Mountain(s),Panoramic
Roof Concrete,Slate
Utilities & Systems
Heating Forced Air
Cooling Central Air,Wall/Window Unit(s)
Financial
Annual Tax $227,827

STR Investment Summary — 1041 Lakeshore Boulevard, Incline Village

Est. Gross Annual Revenue
$100K – $140K
typically ~$120,000
Avg Nightly Rate
$1218
Projected Occupancy
27.0%
Cap Rate
0.1%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (68 comparable 5-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
26,784 sq ft covered of 49,096 sq ft allowed
22,313 sq ft of coverage still available to add.
Parcel Size
216,680 sq ft
Allowed Coverage
49,096 sq ft · 23%
Existing Coverage
26,784 sq ft · 12%
Addable Coverage
22,313 sq ft
Land Capability · TRPA-verified
1b, 4, 6
Existing Units
2

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗
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