About This Property
Enhanced with approximately $1,000,000 in recent capital improvements, this rare offering is set within an exceptional gated enclave of just eight parcels, one block from the Hyatt Regency and two blocks from Lakeshore. Situated on a private .891-acre homesite with no road noise, the residence showcases exceptional craftsmanship with stone, metal, glass, and hardwood finishes. Features include a chef’s commercial kitchen with adjacent dining, office, game room, great room, library, and formal living spaces. All five bedrooms are ensuite, including a private in-law suite with separate garage access and full kitchen. Additional highlights include a four-car garage with lift for a fifth vehicle, wine cellar, five fireplaces, in-floor heating, ridge skylights, air conditioning, and a secured room within the primary suite. A premier low-elevation Incline Village offering combining high quality finishes and exceptional privacy at low elevation.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Dec 2020 · county record | $6,200,000 | 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 240 Estates Drive, Incline Village
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
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
Payment calculator
We'll contact you soon.
