Sold $8,200,000 Closed
579 Fallen Leaf Way
Incline Village, NV 89451

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SOLD 2026-10-08
Sold for $8,200,000
5 Beds
·
6.5 Baths
·
4,574 Sq Ft

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Our data on this home

About This Property

From the moment you step foot into this completely rebuilt residence situated on the coveted, quiet court of Fallen Leaf Way, the sparkling blue waters of Lake Tahoe captures 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, the rich texture of flamed basalt floor tile grounds the 18' tall grand ceilings, custom railings create a yin and yang of steel and white oak, refined touches of Marmorino venetian plaster create depth throughout the space, rift white oak cabinetry surrounds the kitchen 10' above the floor, layered architectural lighting shines to reveal the thoughtful composition of finishes, and a centerpiece 11' x 5' double waterfall island wrapped in Taj Mahal quartzite sits as the grand jewel. This ultra-refined yet relaxed, natural feeling is by no accident. Meticulous attention to detail, a holistic design process, and a no-expense-spared approach has yielded an unparalleled luxury home with a serenity that must be experienced. Part of this zen may be the revitalizing cedar aroma in the Finnish sauna, which is as much a functional piece of art as it is a restorative experience. A few more steps down the hall rests the conditioned wine room, featuring floor to ceiling walls of textured flamed basalt overlaid with backlit white oak panels holding floating wine bottles in an ethereal space. A custom white oak bartop sets the stage for a lively media room, complete with a full wet bar and a bubbling hot tub just outside. Jumping back in the elevator, finished in the same white oak flooring and cabinetry panels as throughout the home, you are quickly transported back up the kitchen with the touch of a button. Beneath the home's beautiful appearance and breathtaking views, the hidden systems and creature comforts were just as considered, featuring heated bathroom floors, a heated garage, a backup generator, a Flologic leak detection system, Lutron Lighting Control, Lutron motorized architectural shades, Hunter Douglas motorized roman shades, a Sonos audio system, an upgraded 400-amp electrical service, a new 2" water line, a new fire suppression system, premium smart thermostats, and a video security system. This rare composition of deeply considered design work, meticulous execution, and state of the art home systems makes this 5 ensuite bedroom estate truly one of a kind. Offered completely turn-key and ready to soak up the last of summer, this is your chance to experience the next level of Lake Tahoe living. See additional photos here: https://homes.wondertribe.co/dashboard/listings/NHwg1dTYQLXPaXMx17wr

Listed by Kaili Sanchez — COMPASS

Listing Details

Status Closed
MLS # 20261877
Sold Date 2026-10-08
Sold Price $8,200,000
Price/Sq Ft $1,793

Property History

Sep 04, 2026
Listed for sale
$8,200,000
Current
Sold
$8,200,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2024 · county record $2,750,000 Deed record — brokerage sides not reported
Oct 2026 $8,200,000 (+198%) Kaili SanchezCompass Todd DisbrowEngel & Volkers

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 5
Baths 6.5
Sq. Ft. 4,574
Year Built 1988
Property Type Single Family Residence
Style Modern
Subdivision SurroundingArea
County Washoe
STR Jurisdiction Washoe County
APN 12552305
Parking
Garage Spaces 2
Parking Features Two, Attached, Heated Garage, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Lake, Peek, Panoramic, Trees/Woods
Construction Frame
Roof Metal
Utilities & Systems
Cooling Air Conditioning
HOA & Community
Community Amenities Beach Access, Pool, Tennis Court(s), Golf Course, Down Hill Skiing, Exercise Equipment, Boat Ramp

STR Investment Summary — 579 Fallen Leaf Way, Incline Village

Est. Gross Annual Revenue
$120K – $170K
typically ~$145,000
Avg Nightly Rate
$1241
Projected Occupancy
32.0%
Cap Rate
0.7%
Structural Score: 71 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (70 comparable 5-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
3,849 sq ft covered of 1,451 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
29,023 sq ft
Allowed Coverage
1,451 sq ft · 5%
Existing Coverage
3,849 sq ft · 13%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a, 1b, 3
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

$8,600 – $12,600/yr
about $883/mo
Est. Rebuild Cost (Coverage A)
$2,515,700

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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