$4,750,000 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 1
Price/Sq Ft $762

Property History

May 25, 2026
Listed for sale
$4,750,000
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 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 — 377 First Green Drive, Incline Village

Est. Annual Revenue
$166,212
Avg Nightly Rate
$1539
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. 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($950,000)
Home price
$4,750,000
Loan details
30-yr fixed, 6.5%
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