$4,995,000
387 2nd Tee Drive
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
6 Beds
·
5.5 Baths
·
5,414 Sq Ft
·
26832 Lot
Virtual Tour

About This Property

Stunning Mountain Modern on the Eastern Slope with clean lines, luxury finishes, and views of Lake Tahoe. Walls of glass bring the outdoors in, showcasing sunsets over more than half an acre. 5,414 sq.ft. with 6 bedrooms (3 en-suites) and 5 full baths. Open living spaces feature a new dual-sided fireplace and newly updated kitchen countertops with Dacor/Bosch appliances. Custom Alder woodwork, Carlisle walnut floors, quartzite/granite surfaces, and Warm board radiant heat throughout. Spa-like master with rain and steam shower. Lower level includes finished flex space with separate entrance and lock-off option. 3-car garage, freshly sealed driveway, new drainage, multiple decks, and fire suppression system. A rare blend of modern elegance and Tahoe serenity, this is an opportunity to use as a primary home, luxury vacation rental or a corporate retreat. Come see that no detail has been spared in this thoughtfully curated space in in this Lake Tahoe masterpiece.

Listed by Larry Peyton — LPT Realty

Listing Details

Status Active
MLS # 1018240
Days on Market 154
Price/Sq Ft $923

Property History

Jun 12, 2025
Listed for sale
$4,995,000
Property Overview
Beds 6
Baths 5.5
Sq. Ft. 5,414
Lot Size 0.62 acres
Stories 3
Year Built 1989
Property Type Single Family Residence
Style Contemporary
APN 131-234-08
Parking
Garage Spaces 3
Parking Features Attached,Front Entry,Garage,Three Car Garage,Boat,Garage Door Opener,RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Barbecue,Deck,Rain Gutters,Security Lighting
Lot Features Wooded
View Lake,Mountain(s)
Roof Metal,Pitched
Utilities & Systems
Heating Natural Gas,Gas,Hot Water
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $15,767
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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%

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% ($999,000)
Home price
$4,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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