$5,600,000 Active
859 Ophir Peak Road
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
3,467 Sq Ft
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About This Property

Located in Incline Village's premier Lakeview Subdivision on a quiet street just two blocks above Lakeshore Boulevard and Lake Tahoe, beautifully renovated 4-bedroom, 3.5-bath home, plus den & office, completed in 2021. Recent upgrades include hardwood flooring, a stone entryway, fully remodeled bathrooms, restored fir grain cabinetry, leathered granite countertops, and Subzero, Viking, and Bosch appliances. Custom molding and curated lighting add a refined finish throughout the home. The new hydronic heating system ensures efficient, even warmth throughout the winter. Main level living on upper floor for primary rooms.The lower level fourth suite opens to the backyard. The expansive back deck is ideal for summer BBQs and relaxing in fresh Tahoe air. Fully landscaped grounds provide a welcoming outdoor retreat year-round. The garage offers a 4-car space plus including extended bay sized for RV or boat — truly a rare find in the basin. A true Tahoe lifestyle property.

Listed by Kerry Donovan — Chase International

Listing Details

Status Active
MLS # 1018955
Days on Market 45
Price/Sq Ft $1,615

Property History

Jul 06, 2026
Listed for sale
$5,600,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 1999 · county record $865,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,467
Lot Size 0.41 acres
Stories 2
Year Built 1989
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 122-215-03
Parking
Garage Spaces 4
Parking Features Attached,Four Car Garage,Four or more Spaces,Garage,Boat,RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Fence,Sprinkler/Irrigation,Landscaping
Lot Features Level
View Trees/Woods
Construction Frame,Shingle Siding
Roof Composition,Pitched
Utilities & Systems
Heating Baseboard,Hot Water
Financial
Annual Tax $14,169
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
72
PROJECTED GROSS ANNUAL REVENUE
$179K – $320K typically ~$256,815
~$21,401 per month
Avg Nightly
$2195
Occupancy
32%
Cap Rate
1.8%

STR Investment Summary — 859 Ophir Peak Road, Incline Village

Est. Gross Annual Revenue
$179K – $320K
typically ~$256,815
Avg Nightly Rate
$2195
Projected Occupancy
32.0%
Cap Rate
1.8%
Structural Score: 72 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Incline Village. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
4,110 sq ft covered of 5,402 sq ft allowed
1,292 sq ft of coverage still available to add.
Parcel Size
18,006 sq ft
Allowed Coverage
5,402 sq ft · 30%
Existing Coverage
4,110 sq ft · 23%
Addable Coverage
1,292 sq ft
IPES Score
847.0
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 ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($1,120,000)
Home price
$5,600,000
Loan details
30-yr fixed, 6.5%
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