$2,495,000 Closed
736 Kelly Drive
Incline Village, NV 89451
SOLD 2025-12-08
Sold for $2,450,000 (listed at $2,495,000)
5 Beds
·
4.5 Baths
·
4,104 Sq Ft
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About This Property

Sunshine abounds in this expansive, low-elevation turn-key 5 bed, 4.5 bath home. Mountain-modern design showcasing heated polished concrete flooring. Ideal for entertaining, the massive great room features an open-concept kitchen with quartz counters, gas cooktop, maple cabinetry, sizable breakfast island, spacious dining and living rooms. First of three en-suite 'primary' bedrooms is located on the main living level, providing a fantastic in-law option. Upstairs finds two additional en-suite bedrooms each with a double shower, plus two junior bedrooms. Bonus: extra storage rooms in the loft not calculated into the already impressive 4100+ sq ft of living space. Fenced backyard, HUGE deck with built in hot tub, & thickly wooded lot for extra privacy. Full IVGID privileges, NV tax friendly residency, an extremely successful vacation rental with valid permit providing additional income opportunities! Ideal multifamily vacation home or multi-generational living in Tahoe! Welcome home!

Listed by Grant Meyer — Coldwell Banker Select

Listing Details

Status Closed
MLS # 1018167
Sold Date 2025-12-08
Sold Price $2,450,000
Price/Sq Ft $608

Property History

May 21, 2025
Listed for sale
$3,000,000
Current
Sold
$2,450,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,104
Lot Size 0.41 acres
Stories 2
Year Built 1981
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 124-031-20
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
View Mountain(s),Trees/Woods
Utilities & Systems
Heating Passive Solar,Radiant,Hot Water,Radiant Floor,Solar
Financial
Annual Tax $12,276

STR Investment Summary — 736 Kelly Drive, Incline Village

Est. Gross Annual Revenue
$100K – $150K
typically ~$125,000
Avg Nightly Rate
$926
Projected Occupancy
37.0%
Cap Rate
2.0%
Structural Score: 62 / 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
4,785 sq ft covered of 3,602 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
18,011 sq ft
Allowed Coverage
3,602 sq ft · 20%
Existing Coverage
4,785 sq ft · 27%
Addable Coverage
0 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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