$5,200,000 Active
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
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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 Active
MLS # 1019005
Days on Market 1
Price/Sq Ft $1,494

Property History

Jun 25, 2026
Listed for sale
$5,200,000
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.

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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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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