$12,988,000
240 Estates Drive
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
6.0 Baths
·
8,924 Sq Ft
·
38811 Lot

About This Property

Enhanced with approximately $1,000,000 in recent capital improvements, this rare offering is set within an exceptional gated enclave of just eight parcels, one block from the Hyatt Regency and two blocks from Lakeshore. Situated on a private .891-acre homesite with no road noise, the residence showcases exceptional craftsmanship with stone, metal, glass, and hardwood finishes. Features include a chef’s commercial kitchen with adjacent dining, office, game room, great room, library, and formal living spaces. All five bedrooms are ensuite, including a private in-law suite with separate garage access and full kitchen. Additional highlights include a four-car garage with lift for a fifth vehicle, wine cellar, five fireplaces, in-floor heating, ridge skylights, air conditioning, and a secured room within the primary suite. A premier low-elevation Incline Village offering combining high quality finishes and exceptional privacy at low elevation.

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Active
MLS # 1018752
Price/Sq Ft $1,455

Property History

Mar 31, 2026
Listed for sale
$12,988,000
Property Overview
Beds 5
Baths 6.0
Sq. Ft. 8,924
Lot Size 0.89 acres
Stories 2
Year Built 1996
Property Type Single Family Residence
Style Mountain
APN 130-163-28
Parking
Garage Spaces 4
Parking Features Attached,Four Car Garage,Four or more Spaces,Garage,RV Access/Parking,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Patio
Lot Features Level
View Trees/Woods
Construction Frame,Stone,Stone Veneer
Roof Metal
Utilities & Systems
Heating Radiant,Hot Water,Radiant Floor
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $48,482
HOA Fee $600 / Monthly
HOA / Community IPM
HOA & Community
Community Amenities Controlled Access
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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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($2,597,600)
Home price
$12,988,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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