$8,950,000
563 Knotty Pine Drive
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
·
5.5 Baths
·
6,832 Sq Ft
Virtual Tour

About This Property

Newly updated Kitchen cabinets & flooring! Come see these updates, plus breathtaking Lake Tahoe views for yourself! This stunning 6,832 sq ft custom estate blends luxury, comfort, and mountain elegance. Set on a gently downsloping 0.42-acre lot, this 3-story home is designed to capture natural light and showcase the lake’s beauty. Expansive south-facing windows and an atrium-style dining area frame views from Sand Harbor to Alpine Meadows. The main level features an open-concept great room, kitchen, dining, lounge, and two lakeview offices. The second floor features four en-suite bedrooms including lakeview luxurious primary and junior suites. The lower level offers a wellness retreat with an indoor hot tub, sauna, steam shower, yoga/meditation area, fitness room, wine cellar, and a fun room (also wired for movie room). A 3-car garage, snow melted walkway & driveway, and generous storage complete this exceptional property. A rare opportunity in Incline Village!

Listed by Heather Bacon — Coldwell Banker Select

Listing Details

Status Off Market
MLS # 1018160
Days on Market 254
Price/Sq Ft $1,310

Property History

May 19, 2025
Listed for sale
$8,950,000
Property Overview
Beds 4
Baths 5.5
Sq. Ft. 6,832
Lot Size 0.42 acres
Stories 3
Year Built 2001
Property Type Single Family Residence
Style Contemporary
County Washoe
STR Jurisdiction Washoe County
APN 122-123-06
Parking
Garage Spaces 3
Parking Features Attached,Door-Multi,Garage,Three Car Garage,Garage Door Opener,Private,Garage Faces Side
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Heated Driveway,Sprinkler/Irrigation,Landscaping,Patio,Rain Gutters,Water Feature
View Lake,Mountain(s),Panoramic,Trees/Woods
Construction Frame,Shingle Siding,Steel
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Radiant,Gas,Hot Water,Radiant Floor
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $35,011
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 563 Knotty Pine Drive, Incline Village

Est. Annual Revenue
$365,040
Avg Nightly Rate
$3120
Projected Occupancy
32.0%
Cap Rate
1.6%
Structural Score: 75 / 100 (Luxury) · STR Zone: Green

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($1,790,000)
Home price
$8,950,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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