Sold $2,200,000 $2,300,000 Closed
701 Martis Peak Road
Incline Village, NV 89451

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SOLD 2026-03-24
Sold for $2,200,000 (listed at $2,300,000)
4 Beds
·
2.0 Baths
·
1,580 Sq Ft

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It sold for $2,200,000 on 2026-03-24, 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

Welcome to 701 Martis Peak Road — a rare opportunity to own a beautiful 0.406-acre prime corner lot in one of Incline Village’s most coveted low-elevation neighborhoods, the Lakeview Subdivision. Tucked in the heart of the Lakeview Subdivision, and just 0.3mi from Burnt Cedar Beach, this property offers incredible potential to either reimagine the existing structure or build your dream Tahoe retreat. The current home spans 1,580 square feet and features 4 bedrooms, 2 bathrooms, dual driveways with boat parking, and timeless mountain charm. While the interior is dated, the possibilities are endless with this location and layout. A highlight of the property is the expansive 800+ square foot deck situated above the detached two-car garage — perfect for entertaining, relaxing in the alpine air, or taking in filtered views.. Enjoy easy access to Lakeshore Boulevard, Burnt Cedar Beach, and all the amenities of tax friendly Incline Village, NV including private beaches and recreation perks.

Listed by Cole Mizak — Compass

Listing Details

Status Closed
MLS # 1018743
Sold Date 2026-03-24
Sold Price $2,200,000
Price/Sq Ft $1,456

Property History

Mar 24, 2026
Listed for sale
$2,300,000
Current
Sold
$2,200,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,580
Lot Size 0.41 acres
Stories 2
Year Built 1962
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 122-195-01
Parking
Garage Spaces 2
Parking Features Detached,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
Lot Features Level
View Trees/Woods
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $8,281

STR Investment Summary — 701 Martis Peak Road, Incline Village

Est. Gross Annual Revenue
$40K – $85K
typically ~$60,000
Avg Nightly Rate
$365
Projected Occupancy
45.0%
Cap Rate
1.1%
Structural Score: 67 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (262 comparable 4-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

Room to build
2,346 sq ft covered of 5,104 sq ft allowed
2,758 sq ft of coverage still available to add.
Parcel Size
17,015 sq ft
Allowed Coverage
5,104 sq ft · 30%
Existing Coverage
2,346 sq ft · 14%
Addable Coverage
2,758 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

$3,000 – $4,300/yr
about $304/mo
Est. Rebuild Cost (Coverage A)
$869,000

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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