$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
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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
Days on Market 71
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,661 sq ft covered of 645 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,895 sq ft
Allowed Coverage
645 sq ft · 5%
Existing Coverage
3,661 sq ft · 28%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($898,975)
Home price
$4,494,875
Loan details
30-yr fixed, 6.5%
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