$7,195,000 Active
545 Alpine View Drive
Incline Village, NV 89451

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✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
4.5 Baths
·
4,752 Sq Ft

Our data on this home

About This Property

Panoramic Lake Tahoe and mountain views frame every room of this sunny, private Eastern Slope retreat, set on a low-elevation street-to-street 2/3-acre lot in Incline Village. Walls of windows and oversized skylights fill the great room, gourmet kitchen, dining area and cozy den with light. Two fireplaces and a wraparound deck set the stage for gathering. The primary suite opens to a private deck, and a second bedroom has its own dry sauna. The lower level adds two bedrooms with backyard access and a recreation room with a wet bar. 4 bedrooms + office 4,752 sq ft. Owner upgrades include generator, HVAC, hot water and new appliances. TRPA recently re-scored the parcel, granting it over 5,500 sq ft of coverage, with 2,000+ sq ft newly available for hardscaping or expansion. Set where it is difficult to overbuild on the highly desirable, low-elevation Eastern Slope, 545 Alpine View Dr offers a grand home with astounding views on a premier lot—and the opportunity to make it your own.

Listed by Jamison Blair — Compass

Listing Details

Status Active
MLS # 1019255
Days on Market 1
Price/Sq Ft $1,514

Property History

Nov 05, 2026
Listed for sale
$7,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2022 · county record $5,995,000 Deed record — brokerage sides not reported

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. 4,752
Lot Size 0.64 acres
Stories 3
Year Built 1978
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 131-212-03
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Patio
Lot Features Sloped
View Lake,Mountain(s),Panoramic
Construction Shingle Siding,Wood Siding
Roof Metal
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $22,146
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
70
PROJECTED GROSS ANNUAL REVENUE
$85K – $120K typically ~$105,000
~$8,750 per month
Avg Nightly
$899
Occupancy
32%
Cap Rate
0.6%

STR Investment Summary — 545 Alpine View Drive, Incline Village

Est. Gross Annual Revenue
$85K – $120K
typically ~$105,000
Avg Nightly Rate
$899
Projected Occupancy
32.0%
Cap Rate
0.6%
Structural Score: 70 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (260 comparable 4-bedroom rentals, 2026-11); 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

Room to build
2,844 sq ft covered of 5,573 sq ft allowed
2,729 sq ft of coverage still available to add.
Parcel Size
27,864 sq ft
Allowed Coverage · verified
5,573 sq ft · 20%
Existing Coverage · est.
2,844 sq ft · 10%
Addable Coverage
2,729 sq ft
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. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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

$8,900 – $13,100/yr
about $917/mo
Est. Rebuild Cost (Coverage A)
$2,613,600

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$39,145 per month
Principal & interest
$36,382/mo
Property taxes
$1,846/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$917/mo
Estimated ~$8,900–$13,100/yr — get a local broker quote for accuracy.
Down payment
20% ($1,439,000)
Home price
$7,195,000
Loan details
30-yr fixed, 6.5%
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