About This Property
From the moment you step foot into this completely rebuilt residence on the coveted, quiet court of Fallen Leaf Way, the sparkling blue waters of Lake Tahoe capture the gaze and all is at peace. The sense of arrival is undeniable—natural light pours through a 50' wall of floor-to-ceiling windows, flamed basalt grounds the 18' grand ceilings, custom steel and white oak railings create striking contrast, and rift white oak cabinetry surrounds an 11' x 5' double-waterfall Taj Mahal quartzite island. This ultra-refined yet relaxed feeling is no accident. Meticulous craftsmanship and a no-expense-spared approach have created a serenity that must be experienced. Five ensuite bedrooms, Finnish cedar sauna, conditioned wine room, media room, wet bar, hot tub, gym and elevator elevate the experience, while heated floors, heated garage, Lutron lighting control and shades, Sonos audio, and a backup generator deliver the next level of Lake Tahoe luxury.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2024 · county record | $2,750,000 | 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.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 579 Fallen Leaf Way, Incline Village
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
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 ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
