$2,690,000 Closed
650 Martis Peak Rd.
Incline Village, NV 89451
SOLD 2026-06-25
Sold for $2,690,000
3 Beds
·
3.0 Baths
·
2,315 Sq Ft

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It sold for $2,690,000 on 2026-06-25, 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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About This Property

Your Tahoe dream starts here! This RARE SINGLE-LEVEL gem in the coveted Lakeview subdivision blends comfort, charm, and endless potential. Sunlight fills the interior through abundant windows, and even a peek view of the lake. Set on over half an acre, this corner lot offers room to relax, entertain, or possibly even build an ADU. Three stone fireplaces; two are gas, and one is wood burning with a gas starter. Recent updates shine with red light therapy sauna; new granite slab countertops; slate, and hardwood flooring; new light fixtures; fresh paint; and some newer appliances and faucets. Enjoy morning coffee on the front deck, summer evenings in your private fenced backyard with patio, let pets roam in the fenced yard. A short walk to Lake Tahoe’s Burnt Cedar Beach. Kayak storage in crawl space, west side of home. An oversized two-car garage adds convenience. Keep it as your mountain retreat, turn it into a smart investment, or build something entirely new—the choice is yours!

Listed by John Eppolito — Coldwell Banker Select

Listing Details

Status Closed
MLS # 1018832
Sold Date 2026-06-25
Sold Price $2,690,000
Price/Sq Ft $1,162

Property History

May 01, 2026
Listed for sale
$2,750,000
Current
Sold
$2,690,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,315
Lot Size 0.52 acres
Stories 1
Year Built 1967
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 122-192-05
Parking
Garage Spaces 2
Parking Features Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Dog Run,Fence,Handicap Accessible,Private Yard
Lot Features Level
View Trees/Woods
Utilities & Systems
Heating Hot Water
Financial
Annual Tax $9,806

STR Investment Summary — 650 Martis Peak Rd., Incline Village

Est. Gross Annual Revenue
$50K – $75K
typically ~$65,000
Avg Nightly Rate
$396
Projected Occupancy
45.0%
Cap Rate
1.0%
Structural Score: 72 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-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

Room to build
3,640 sq ft covered of 4,548 sq ft allowed
908 sq ft of coverage still available to add.
Parcel Size
21,639 sq ft
Allowed Coverage
4,548 sq ft · 21%
Existing Coverage
3,640 sq ft · 17%
Addable Coverage
908 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
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