$2,795,000 Closed
539 Spencer Way
Incline Village, NV 89451
SOLD 2026-04-24
Sold for $2,795,000
5 Beds
·
3.5 Baths
·
2,999 Sq Ft
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About This Property

Experience the pinnacle of Tahoe living in this 5-bedroom, 3.5-bath mountain-modern retreat in the sought-after Ponderosa subdivision. Easy, level year-round access ensures stress-free arrivals in every season. The grand great room features vaulted ceilings, exposed wood beams, oversized windows, rich hickory floors, and a dramatic gas fireplace. A second fireplace separates the formal dining area from a built-in office nook with filtered lake views. The gourmet kitchen offers custom knotty alder cabinetry, natural stone counters, high-end stainless appliances, and a spacious breakfast bar. Designed for entertaining, the home includes an oversized ensuite bedroom above the garage with custom bunks. The primary suite is a private sanctuary with its own fireplace, soaking tub, and deck access. Enjoy a private indoor sauna, wrap-around deck, IVGID beach, golf, and ski privileges, plus Nevada tax advantages at 539 Spencer Way.

Listed by Chuck Day — Charles Day Real Estate

Listing Details

Status Closed
MLS # 1018758
Sold Date 2026-04-24
Sold Price $2,795,000
Price/Sq Ft $932

Property History

Mar 31, 2026
Listed for sale
$2,795,000
Current
Sold
$2,795,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 2,999
Lot Size 0.50 acres
Stories 3
Year Built 1992
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 122-135-07
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Garage Door Opener,Off Street,Private
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Patio,Rain Gutters
Lot Features Sloped,Wooded
View Lake
Construction Frame,Shingle Siding,Wood Siding
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Electric,Forced Air,Gas
Financial
Annual Tax $4,579

STR Investment Summary — 539 Spencer Way, Incline Village

Est. Gross Annual Revenue
$95K – $150K
typically ~$125,000
Avg Nightly Rate
$926
Projected Occupancy
37.0%
Cap Rate
1.8%
Structural Score: 75 / 100 (Luxury) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (68 comparable 5-bedroom rentals, 2026-08); 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
3,414 sq ft covered of 2,222 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
21,631 sq ft
Allowed Coverage
2,222 sq ft · 10%
Existing Coverage
3,414 sq ft · 16%
Addable Coverage
0 sq ft
IPES Score
711.0
Land Capability · TRPA-verified
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
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