$725,000 Closed
1117 Lucerne Way #-
Incline Village, NV 89451
SOLD 2026-07-17
Sold for $735,500 (listed at $725,000)
3 Beds
·
2.5 Baths
·
1,236 Sq Ft
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About This Property

Charming Tyrolean style condo offering the perfect blend of mountain charm and turnkey convenience. This beautifully maintained home features 2 ensuite bedrooms and a cozy loft. The central living area boasts stunning vaulted open beamed ceilings and a classic wood burning rock hearth fireplace, creating a true cabin ambiance. The open kitchen includes a breakfast bar and a new range/oven for a refreshed feel. Enjoy peek-a-boo views of Lake Tahoe from the living area and the lovely southwest facing deck. Updates include a newer heater and hot water heater. Offered furnished and ready for you to move in! Excellent Homeowner’s association amenities include a pool and tennis court, plus a spectacular clubhouse with panoramic lake views perfect for hosting events. Ideally located just down the street from Diamond Peak Ski Area and directly on the ski shuttle route. Plus, it's just a block away from the Big Water Grill for lake view fine dining!

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Closed
MLS # 1018717
Sold Date 2026-07-17
Sold Price $735,500
Price/Sq Ft $587

Property History

Mar 20, 2026
Listed for sale
$725,000
Jul 22, 2026
Sold
$735,500
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,236
Stories 3
Year Built 1979
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 126-082-36
Parking
Parking Features No Garage,Open,Off Street,Outside
Attached Garage Yes
Exterior & Lot
Lot Features Backs to Greenbelt/Park,Sloped,Wooded
View Lake,Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $3,782
HOA Fee $300 / Monthly
HOA / Community CRMG
HOA & Community
Community Amenities Clubhouse,Pool,Spa/Hot Tub,Tennis Court(s)

STR Investment Summary — 1117 Lucerne Way #-, Incline Village

Est. Gross Annual Revenue
$25K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
2.2%
Structural Score: 53 / 100 (Standard) · 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
603 sq ft covered of 10 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,000 sq ft
Allowed Coverage
10 sq ft · 1%
Existing Coverage
603 sq ft · 60%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
3, 5
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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