$4,494,875 Active
554 Lantern Court
Incline Village, NV 89451

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✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
3,557 Sq Ft
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Our data on this home

About This Property

A rare opportunity to own a reimagined mountain contemporary retreat in the heart of Incline Village—offering modern luxury, privacy, and year-round Tahoe adventure. Tucked away on a quiet cul-de-sac, this turnkey home was remodeled in 2021 with a refined approach. Clean architectural lines paired with warm natural elements, while radiant heat and custom lighting create a cohesive aesthetic throughout. The great room features soaring cathedral-beamed ceilings, a dramatic fireplace, and accordion glass doors opening to a south-facing deck with filtered lake views. The kitchen blends style and function with custom Alder cabinetry, premium Wolf and Sub-Zero appliances, and a large island. The main level includes a guest suite and office. The primary suite offers a spa-inspired bath, walk-in closet, sauna, and deck. The lower level includes a family room, three bedrooms, and a full bath. Residents enjoy private beaches, golf courses, ski resort, tennis, pickleball, and Lake Tahoe living.

Listed by Madison Laurenzo — Compass

Listing Details

Status Active
MLS # 1018866
Days on Market 179
Price/Sq Ft $1,264

Property History

May 12, 2026
Listed for sale
$4,494,875
Aug 05, 2026
Pending
$4,494,875
Sep 25, 2026
Relisted
$4,494,875

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2020 · county record $1,470,000 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.

Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,557
Lot Size 0.29 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-492-07
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Cul-De-Sac,Wooded
View Lake,Mountain(s),Trees/Woods
Roof Metal
Utilities & Systems
Heating Radiant,Radiant Floor
Financial
Annual Tax $11,154
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
73
PROJECTED GROSS ANNUAL REVENUE
$75K – $110K typically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
0.8%

STR Investment Summary — 554 Lantern Court, Incline Village

Est. Gross Annual Revenue
$75K – $110K
typically ~$95,000
Avg Nightly Rate
$813
Projected Occupancy
32.0%
Cap Rate
0.8%
Structural Score: 73 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (260 comparable 4-bedroom rentals, 2026-11); 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

Above base allowance
3,661 sq ft covered of 645 sq ft allowed
Existing coverage is above the base allowance for this parcel's verified land class. Coverage built before TRPA's rules is often legally existing; adding more typically means removing or transferring coverage.
Parcel Size
12,895 sq ft
Allowed Coverage · verified
645 sq ft · 5%
Existing Coverage · est.
3,661 sq ft · 28%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
3
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. 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

$6,700 – $9,800/yr
about $688/mo
Est. Rebuild Cost (Coverage A)
$1,956,350

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$24,347 per month
Principal & interest
$22,729/mo
Property taxes
$930/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$688/mo
Estimated ~$6,700–$9,800/yr — get a local broker quote for accuracy.
Down payment
20% ($898,975)
Home price
$4,494,875
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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