$1,498,000 Closed
1088 Lucerne Way
Incline Village, NV 89451
SOLD 2026-06-09
Sold for $1,350,000 (listed at $1,498,000)
3 Beds
·
2.0 Baths
·
1,783 Sq Ft
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About This Property

Ideally located in the sought-after Tyrolia neighborhood near Diamond Peak, this 3-bedroom, 2-bath chalet-style residence offers a refined blend of alpine character and modern comfort. The setting is enhanced by a serene wooded backdrop and adjacent 3 US Forest Service parcels, providing added privacy. The interior features an open floor plan with open beamed ceilings and warm wood finishes, creating an inviting space for both entertaining and everyday living. A separate lower-level living area offers flexibility for guests or a private retreat. Community amenities include a pool, tennis courts, spa & a clubhouse with panoramic lake views. Positioned on the ski shuttle route and one block from Big Water Grill for lake view fine dining. This is an exceptional year-round mountain offering. Full Incline beach privileges and low HOA dues.

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Closed
MLS # 1018768
Sold Date 2026-06-09
Sold Price $1,350,000
Price/Sq Ft $840

Property History

Apr 02, 2026
Listed for sale
$1,498,000
Current
Sold
$1,350,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2024 $1,525,000 Jared EnglishCongress Realty, INC. —
Jun 2026 · this listing $1,350,000 (-11%) M Trevor SmithColdwell Banker Select Carson LongCompass

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 3
Baths 2.0
Sq. Ft. 1,783
Lot Size 0.04 acres
Stories 2
Year Built 1991
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 126-081-16
Parking
Parking Features No Garage,Open
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
View Lake,Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s)
Financial
Annual Tax $5,357
HOA Fee $300 / Monthly
HOA / Community CRMG
HOA & Community
Community Amenities Clubhouse,Pool,Tennis Court(s)

STR Investment Summary — 1088 Lucerne Way, Incline Village

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
1.1%
Structural Score: 55 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-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

Over coverage limit
891 sq ft covered of 16 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,601 sq ft
Allowed Coverage
16 sq ft · 1%
Existing Coverage
891 sq ft · 56%
Addable Coverage
0 sq ft
IPES Score
672.0
Land Capability · TRPA-verified
IPES
Existing Units
1

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 ↗ How the Basin compares
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