$4,300,000 $4,750,000 ↓ $450,000 reduced Active
377 First Green Drive
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
6 Beds
·
5.5 Baths
·
6,234 Sq Ft

About This Property

Ideally situated at a low elevation in the much coveted Eastern Slope neighborhood of Incline, this impressive, contemporary home features a total of 6 bedrooms, 5.5 baths, 4 en-suite, and boasts an 1,318 sq. ft. attached heated 6-car garage for conveniently storing all of your Tahoe toys. An entertainer's delight, this 6,234 sq. ft.(351 sq. ft. is workshop/storage) home offers plenty of space with 4 living areas, an office, an elevator and two expansive decks - allowing for seamless indoor/outdoor enjoyment of the peek lake and forest views. The chefs kitchen includes Viking and Wolf appliances. The home sits on .708 acre street to street lot. The mature landscaping includes a large, flat backyard. This modern mountain home is the ideal family getaway with access to all of Incline Village amenities including resident only beaches, two golf courses, Diamond Peak Ski Resort, and a rec/pickleball center. No state income tax, 45 minutes from the Reno-Tahoe International Airport.

Listed by Tracy Johnston — Compass

Listing Details

Status Active
MLS # 1018919
Days on Market 91
Price/Sq Ft $690

Property History

May 25, 2026
Listed for sale
$4,750,000
Aug 19, 2026
Price reduced
$4,300,000 $4,500,000 ↓ $200,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2014 · county record $1,750,000 Deed record — brokerage sides not reported

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.

Property Overview
Beds 6
Baths 5.5
Sq. Ft. 6,234
Lot Size 0.71 acres
Stories 2
Year Built 1991
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 131-232-02
Parking
Garage Spaces 4
Parking Features Attached,Four Car Garage,Four or more Spaces,Garage,Boat,Garage Door Opener,RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Deck,Landscaping,Private Yard,Water Feature
Lot Features Backs to Greenbelt/Park,Level,Pond on Lot
View Lake,Mountain(s),Trees/Woods
Roof Metal
Utilities & Systems
Heating Natural Gas,Radiant,Gas,Radiant Floor
Financial
Annual Tax $22,378
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$101K – $216K typically ~$150,444
~$12,537 per month
Avg Nightly
$1393
Occupancy
30%
Cap Rate
1.4%

STR Investment Summary — 377 First Green Drive, Incline Village

Est. Gross Annual Revenue
$101K – $216K
typically ~$150,444
Avg Nightly Rate
$1393
Projected Occupancy
29.5%
Cap Rate
1.4%
Structural Score: 70 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Incline Village. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
5,786 sq ft covered of 305 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
30,510 sq ft
Allowed Coverage
305 sq ft · 1%
Existing Coverage
5,786 sq ft · 19%
Addable Coverage
0 sq ft
IPES Score
687.0
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 ↗

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% ($860,000)
Home price
$4,300,000
Loan details
30-yr fixed, 6.5%
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