Sold $4,900,000 $5,200,000 Closed
429 Valerie Court
Incline Village, NV 89451

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SOLD 2026-08-14
Sold for $4,900,000 (listed at $5,200,000)
4 Beds
·
4.5 Baths
·
3,480 Sq Ft
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It sold for $4,900,000 on 2026-08-14, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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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 Closed
MLS # 1019005
Sold Date 2026-08-14
Sold Price $4,900,000
Price/Sq Ft $1,494

Property History

Jun 25, 2026
Listed for sale
$5,200,000
Jul 29, 2026
Pending
$5,200,000
Aug 15, 2026
Sold
$4,900,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2023 $3,960,000 Peg AugustusLakeshore Realty Jeffrey CormaneXp Realty-Incline Village
Aug 2026 · this listing $4,900,000 (+24%) Christine PerryChristie's Sereno Chris HernandezCompass

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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 Summary — 429 Valerie Court, Incline Village

Est. Gross Annual Revenue
$85K – $120K
typically ~$105,000
Avg Nightly Rate
$899
Projected Occupancy
32.0%
Cap Rate
0.8%
Structural Score: 79 / 100 (Luxury) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (262 comparable 4-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
3,175 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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$6,500 – $9,600/yr
about $671/mo
Est. Rebuild Cost (Coverage A)
$1,914,000

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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