$6,100,000 Closed
590 Fallen Leaf Way
Incline Village, NV 89451
SOLD 2026-02-13
Sold for $5,850,000 (listed at $6,100,000)
5 Beds
·
4.5 Baths
·
3,757 Sq Ft

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About This Property

Tucked away on a quiet cul-de-sac and surrounded by multi-million-dollar homes, 590 Fallen Leaf Way offers exceptional lake views and refined modern living. Completely rebuilt in 2021 by The Ryan Group, the home features steel moment frames and a sleek, architectural design that balances warmth and livability. An expansive open floor plan centers around a gourmet kitchen with Dekton slab countertops, Gaggenau appliances, and a built-in coffee station, seamlessly connecting to the front patio with stunning lake views. A fully fenced, flat backyard provides an ideal space for entertaining or relaxing. The home offers multiple en-suite bedrooms, walk-in closets, and generous guest gathering areas with three gas fireplaces, perfect for hosting family and friends. Additional highlights include hydronic in-floor heating, central A/C, a heated driveway, and breathtaking lake views from nearly every room. A rare combination of privacy, craftsmanship, and Tahoe luxury.

Listed by Christine Perry — Christie's Sereno

Listing Details

Status Closed
MLS # 1018637
Sold Date 2026-02-13
Sold Price $5,850,000
Price/Sq Ft $1,624

Property History

Jan 20, 2026
Listed for sale
$6,100,000
Current
Sold
$5,850,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 3,757
Lot Size 0.41 acres
Year Built 1981
Property Type Single Family Residence
Style Contemporary
County Washoe
STR Jurisdiction Washoe County
APN 125-531-11
Parking
Garage Spaces 3
Parking Features Attached,Door-Multi,Garage,Three Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Dog Run,Fence,Heated Driveway,Sprinkler/Irrigation,Landscaping,Patio,Private Yard
View Lake,Mountain(s),Panoramic
Construction Block,Frame,Concrete
Roof Metal
Utilities & Systems
Heating Natural Gas,Radiant,Gas,Hot Water,Radiant Floor
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $16,247

STR Investment Summary — 590 Fallen Leaf Way, Incline Village

Est. Gross Annual Revenue
$90K – $135K
typically ~$110,000
Avg Nightly Rate
$942
Projected Occupancy
32.0%
Cap Rate
0.7%
Structural Score: 65 / 100 (Premium) · STR Zone: Green

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

Over coverage limit
3,587 sq ft covered of 181 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
18,091 sq ft
Allowed Coverage
181 sq ft · 1%
Existing Coverage
3,587 sq ft · 20%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
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

$7,000 – $10,300/yr
about $721/mo
Est. Rebuild Cost (Coverage A)
$2,066,350

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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