$4,494,875 Active
554 Lantern 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
·
3.5 Baths
·
3,557 Sq Ft
Virtual Tour

About This Property

A rare opportunity to own a reimagined mountain contemporary retreat in the heart of Incline Village—offering modern luxury, privacy, and year-round Tahoe adventure. Tucked away on a quiet cul-de-sac, this turnkey home was remodeled in 2021 with a refined approach. Clean architectural lines paired with warm natural elements, while radiant heat and custom lighting create a cohesive aesthetic throughout. The great room features soaring cathedral-beamed ceilings, a dramatic fireplace, and accordion glass doors opening to a south-facing deck with filtered lake views. The kitchen blends style and function with custom Alder cabinetry, premium Wolf and Sub-Zero appliances, and a large island. The main level includes a guest suite and office. The primary suite offers a spa-inspired bath, walk-in closet, sauna, and deck. The lower level includes a family room, three bedrooms, and a full bath. Residents enjoy private beaches, golf courses, ski resort, tennis, pickleball, and Lake Tahoe living.

Listed by Madison Laurenzo — Compass

Listing Details

Status Active
MLS # 1018866
Price/Sq Ft $1,264

Property History

May 12, 2026
Listed for sale
$4,494,875
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,557
Lot Size 0.29 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-492-07
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Cul-De-Sac,Wooded
View Lake,Mountain(s),Trees/Woods
Roof Metal
Utilities & Systems
Heating Radiant,Radiant Floor
Financial
Annual Tax $11,154
📊

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 — 554 Lantern Court, Incline Village

Est. Annual Revenue
$209,430
Avg Nightly Rate
$1790
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 64 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($898,975)
Home price
$4,494,875
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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