Sold $1,250,000 $1,450,000 Closed
577 Fallen Leaf Way
Incline Village, NV 89451

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SOLD 2026-01-02
Sold for $1,250,000 (listed at $1,450,000)
3 Beds
·
2.0 Baths
·
1,496 Sq Ft

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It sold for $1,250,000 on 2026-01-02, 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

Contractors Special - Lakeview Opportunity! Beautiful .67 acre wooded lot with multiple filtered Lake views surrounded by multimillion dollar homes. This existing 1496 sq.ft. single level home with a 2 car garage offers a rare chance to remodel, expand or build new. Large crawlspace with high ceilings allows potential for a second level addition. Survey shows 4,200 sq.ft. of existing coverage (buyer to verify). Lovely garden areas. Roof is in excellent condition and driveway was recently sealed. Hot tub may or may not be functioning - sold as-is. Home is livable or rentable with minor TLC while you design your dream home. Recent survey available upon request.

Listed by Pamela Fernandez — Lakeshore Realty

Listing Details

Status Closed
MLS # 250055876
Sold Date 2026-01-02
Sold Price $1,250,000
Price/Sq Ft $969

Property History

Sep 13, 2025
Listed for sale
$1,895,000
Current
Sold
$1,250,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,496
Lot Size 0.67 acres
Stories 1
Year Built 1980
Property Type Single Family Residence
Subdivision Incline Village 4
County Washoe
STR Jurisdiction Washoe County
APN 125-523-04
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping
View Peek
Construction Frame, Wood Siding
Roof Asphalt
Foundation Crawl Space, Raised
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $6,024
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village

STR Investment Summary — 577 Fallen Leaf Way, Incline Village

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
1.1%
Structural Score: 58 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (182 comparable 3-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
3,801 sq ft covered of 976 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
19,528 sq ft
Allowed Coverage
976 sq ft · 5%
Existing Coverage
3,801 sq ft · 19%
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. 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

$2,100 – $3,100/yr
about $217/mo
Est. Rebuild Cost (Coverage A)
$628,320

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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