$8,900,000 Active
1585 Pine Cone Circle
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
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About This Property

Tucked just off Lakeshore Boulevard in one of Incline Village’s most private and time-honored neighborhoods, this level .247-acre parcel with 30% base allowable coverage (or 2,356 sq ft!) offers a rare opportunity to design and build a 5,000+ sq ft mountain retreat. Within the private Pine Cone Circle HOA, owners enjoy access to a gated sandy beach with pier, buoys, kayak storage, and lakeside BBQ amenities—reserved solely for homeowners and their guests. A serene 2+-acre common meadow adds to the peaceful, park-like setting. Utilities are at the street; water and power are in place, and a 2025 plot map survey on file with TRPA. A short stroll leads to dining, shopping, and recreation, with Sand Harbor and the East Shore Trail nearby. Acquire the adjacent home at 1575 Pine Cone and have the rare advantage of purchasing the lot at a discounted price—an instant equity play with long-term upside. Nevada’s favorable tax climate helps create a truly refined and lasting legacy residence.

Listed by Scott Beenk — Compass

Listing Details

Status Active
MLS # 1018280
Days on Market 347

Property History

Jun 23, 2025
Listed for sale
$8,900,000
Property Overview
Lot Size 0.25 acres
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 130-241-34
Exterior & Lot
Lot Features Open Lot,Wooded,Level
View Mountain(s),Trees/Woods
Financial
Annual Tax $15,053
HOA Fee $1,000 / Semi-Annually
HOA / Community Pine Cone Circle HOA
HOA & Community
Community Amenities Beach Rights,Controlled Access,Pier
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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%

STR Investment Summary — 1585 Pine Cone Circle, Incline Village

Est. Annual Revenue
$294,489
Avg Nightly Rate
$2517
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 42 / 100 (Standard) · STR Zone: Green

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($1,780,000)
Home price
$8,900,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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