Sold $4,550,000 $4,500,000 Closed
517 Driver Way
Incline Village, NV 89451

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SOLD 2026-04-20
Sold for $4,550,000 (listed at $4,500,000)
6 Beds
·
4.5 Baths
·
4,006 Sq Ft
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It sold for $4,550,000 on 2026-04-20, 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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Our data on this home

About This Property

This is the Incline Village address that insiders have been waiting for. Nestled on the low elevation Eastern Slope of Incline Village Nevada, this south-facing retreat offers privacy and breathtaking Lake Tahoe views. Spanning 4,006 sq ft over three stories, the home features 6 bedrooms, 4.5 baths, bonus rooms, 2 kitchens, and 2 laundry rooms, complemented by a two-car garage and off-street boat parking. Enjoy panoramic vistas from the great room and three expansive decks connected by a spiral staircase, perfect for outdoor living. Recently remodeled in June 2025, the home includes energy-efficient Anderson windows, solar panels, hydronic heating with abundant hot water, a durable 40-year roof, refinished hardwood floors, and updated bathrooms. Additional highlights are a heated ski room, workshop, easy snow removal, spa-ready deck, and TRPA-approved extra coverage. Ideal for multi-generational living or entertaining in luxury, this property is a true gem.

Listed by Stacey Hanna — Chase International

Listing Details

Status Closed
MLS # 1018746
Sold Date 2026-04-20
Sold Price $4,550,000
Price/Sq Ft $1,123

Property History

Mar 26, 2026
Listed for sale
$4,500,000
Current
Sold
$4,550,000
Property Overview
Beds 6
Baths 4.5
Sq. Ft. 4,006
Lot Size 0.60 acres
Stories 3
Year Built 1982
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 13122512
Parking
Garage Spaces 2
Parking Features Attached,Front Entry,Garage,Two Car Garage,Private,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Garden,Sprinkler/Irrigation,Landscaping,Private Yard
Lot Features Sloped
View Lake,Mountain(s),Panoramic,Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Baseboard,Forced Air,Gas
Financial
Annual Tax $14,156

STR Investment Summary — 517 Driver Way, Incline Village

Est. Gross Annual Revenue
$95K – $135K
typically ~$115,000
Avg Nightly Rate
$1068
Projected Occupancy
29.5%
Cap Rate
1.0%
Structural Score: 75 / 100 (Luxury) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (70 comparable 5-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
2,702 sq ft covered of 254 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
25,360 sq ft
Allowed Coverage
254 sq ft · 1%
Existing Coverage
2,702 sq ft · 11%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 4
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

$7,500 – $11,000/yr
about $771/mo
Est. Rebuild Cost (Coverage A)
$2,203,300

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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