Sold $3,225,000 $3,345,000 Closed
734 Martis Peak Drive
Incline Village, NV 89451

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SOLD 2026-05-08
Sold for $3,225,000 (listed at $3,345,000)
5 Beds
·
3.5 Baths
·
3,347 Sq Ft
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It sold for $3,225,000 on 2026-05-08, 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

Located in the highly sought after Lakeview Subdivision community of Incline Village! Nestled on a serene and quiet street. This meticulously maintained property offers the perfect blend of comfort, privacy, and convenience. With five generously sized bedrooms and four bathrooms, this home provides ample space for your family and guests. Whether you need room for family, a home office, or guests, this property has you covered. Living on the lake side of the highway means you're just steps away from Lake Tahoe's sparkling waters with a quick walk to Burnt Cedar beach. This home has been lovingly maintained and is move-in ready. Park your vehicles and store your gear in the oversized two-car garage or in the side yard offering boat or RV parking. Don't miss this incredible opportunity to own a piece of Beautiful Tahoe at Low Elevation.

Listed by Tim Flynn — Coldwell Banker Select Mt Rose

Listing Details

Status Closed
MLS # 250055010
Sold Date 2026-05-08
Sold Price $3,225,000
Price/Sq Ft $999

Property History

Aug 24, 2025
Listed for sale
$3,495,000
Current
Sold
$3,225,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,347
Lot Size 0.48 acres
Stories 2
Year Built 1975
Property Type Single Family Residence
Subdivision Lakeview
County Washoe
STR Jurisdiction Washoe County
APN 122-191-11
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Level, Wooded
View Trees/Woods
Construction Frame
Roof Composition, Pitched
Foundation Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Fireplace(s), Floor Furnace, Natural Gas
Financial
Annual Tax $10,842
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village

STR Investment Summary — 734 Martis Peak Drive, Incline Village

Est. Gross Annual Revenue
$90K – $130K
typically ~$110,000
Avg Nightly Rate
$942
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 69 / 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

Room to build
3,249 sq ft covered of 6,261 sq ft allowed
3,012 sq ft of coverage still available to add.
Parcel Size
20,870 sq ft
Allowed Coverage
6,261 sq ft · 30%
Existing Coverage
3,249 sq ft · 16%
Addable Coverage
3,012 sq ft
Land Capability · TRPA-verified
6
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

$6,300 – $9,200/yr
about $646/mo
Est. Rebuild Cost (Coverage A)
$1,840,850

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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