$5,200,000 Active Under Contract
429 Valerie Court
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
4.5 Baths
·
3,480 Sq Ft
Virtual Tour

About This Property

Extensively renovated in 2026, this south-facing retreat with breathtaking panoramic views of Lake Tahoe sits at the end of a quiet cul-de-sac. The main level offers a seamless flow beneath soaring ceilings, where a stunning great room with wide-plank engineered hardwood flooring and a wood-burning fireplace opens to a chef's kitchen featuring a 5' x 10' granite island, GE Café appliances, custom maple cabinetry, and coffee bar. Expansive windows showcase the scenery. A spacious primary suite features a soaking tub, oversized shower, dual vanity, and expanded closet space. A private in-law suite with its own entrance, kitchenette, full bath, and laundry offers flexibility. Smart home technology includes Nest, Schlage, MyQ, and Starlink. A flat driveway and street-to-street lot add to the home's rare appeal. Access to Incline Village's private beaches, Diamond Peak, golf, tennis, recreation facilities, and one of Lake Tahoe's most sought-after lifestyles. You won't be disappointed!

Listed by Christine Perry — Christie's Sereno

Listing Details

Status Active Under Contract
MLS # 1019005
Days on Market 46
Price/Sq Ft $1,494

Property History

Jun 25, 2026
Listed for sale
$5,200,000
Jul 29, 2026
Pending
$5,200,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2023 $3,960,000 Peg AugustusLakeshore Realty Jeffrey CormaneXp Realty-Incline Village

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 4
Baths 4.5
Sq. Ft. 3,480
Lot Size 0.51 acres
Stories 2
Year Built 1988
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-141-06
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
View Lake,Mountain(s),Panoramic,Trees/Woods
Utilities & Systems
Heating Natural Gas,Baseboard,Gas,Hot Water
Financial
Annual Tax $11,506
📊

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 — 429 Valerie Court, Incline Village

Est. Annual Revenue
$243,243
Avg Nightly Rate
$2079
Projected Occupancy
32.0%
Cap Rate
1.9%
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,175 sq ft covered of 225 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
22,482 sq ft
Allowed Coverage
225 sq ft · 1%
Existing Coverage
3,175 sq ft · 14%
Addable Coverage
0 sq ft
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% ($1,040,000)
Home price
$5,200,000
Loan details
30-yr fixed, 6.5%
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