Sold $3,700,000 $3,950,000 Closed
371 Mountain Lake Court
Incline Village, NV 89451

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SOLD 2025-10-09
Sold for $3,700,000 (listed at $3,950,000)
5 Beds
·
4.5 Baths
·
4,008 Sq Ft
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Our data on this home

About This Property

Perched on a quiet cul-de-sac in the Eastern Slope, this 3-story retreat blends sweeping lake views w/ timeless craftsmanship. 5 bedrooms, 4.5 baths, a bonus office space, 2 car garage & over 4,000 sq ft on a rare .64-acre street-to-street lot - a true Tahoe escape. Walls of windows frame panoramic lake views, while a split-level layout and 2 expansive decks extend living indoors & out. The upper level showcases vaulted ceilings, oak floors, & a spacious lounge/family area with custom built-ins. The lower level offers a pool table & hot tub deck - a perfect setting for recreation & entertaining. Recent upgrades include a new roof, fresh interior paint, newly stained decking, updated switch plates, and several trees removed for defensible space. Full furnishings make for an effortless move-in. Stunning views, privacy, & year-round comfort! This home balances Tahoe charm with modern convenience. Close to private beaches, Diamond Peak, Incline Village amenities, & easy access to the Bay.

Listed by Zoe Berg-Pitt — Compass

Listing Details

Status Closed
MLS # 1018433
Sold Date 2025-10-09
Sold Price $3,700,000
Price/Sq Ft $986

Property History

Aug 30, 2025
Listed for sale
$3,950,000
Current
Sold
$3,700,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,008
Lot Size 0.64 acres
Stories 3
Year Built 1970
Property Type Single Family Residence
Style Split Level
County Washoe
STR Jurisdiction Washoe County
APN 131-233-08
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Cul-De-Sac
View Lake,Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Radiant,Hot Water,Radiant Floor
Financial
Annual Tax $14,064

STR Investment Summary — 371 Mountain Lake Court, Incline Village

Est. Gross Annual Revenue
$120K – $170K
typically ~$145,000
Avg Nightly Rate
$1241
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 80 / 100 (Luxury) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (70 comparable 5-bedroom rentals, 2026-10); 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
3,480 sq ft covered of 275 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
27,482 sq ft
Allowed Coverage
275 sq ft · 1%
Existing Coverage
3,480 sq ft · 13%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
4
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

Home Insurance Estimate

Standard homeowners policy for this home

$7,500 – $11,000/yr
about $771/mo
Est. Rebuild Cost (Coverage A)
$2,204,400

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

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