$5,795,000
727 Kelly Drive
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
5.0 Baths
·
4,643 Sq Ft
·
22912 Lot

About This Property

Welcome to a distinguished custom-designed home where timeless elegance meets modern luxury. Spanning 4,644 square feet on a private, park-like lot, this residence offers a serene, wooded retreat. Enter through your private drive into a sanctuary with walls of glass and bespoke finishes showcasing timeless luxury. Featuring five spacious bedrooms, including two primary suites with Water Works finishes, and six thoughtfully designed bathrooms. The home boasts generous bonus spaces, including two living areas and a versatile bonus room perfect for an office or relaxation suite. Whether hosting a gathering or enjoying a quiet moment by the fire, this home is designed for every occasion. The chef's kitchen is a culinary masterpiece with Taj Mahal countertops, custom cabinetry, and a Miele and Thermador appliance package. Every detail in this home speaks to refined luxury, offering an unparalleled living experience. COO expected by Oct. 15

Listed by Madison Laurenzo — Compass

Listing Details

Status Active
MLS # 1018426
Days on Market 87
Price/Sq Ft $1,248

Property History

Aug 27, 2025
Listed for sale
$5,795,000
Property Overview
Beds 5
Baths 5.0
Sq. Ft. 4,643
Lot Size 0.53 acres
Stories 3
Year Built 2025
Property Type Single Family Residence
APN 124-032-02
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Electric Vehicle Charging Station(s)
Attached Garage Yes
Exterior & Lot
Exterior Features Patio,Private Yard
Lot Features Wooded
View Creek/Stream,Trees/Woods
Construction Block,Frame,Concrete,Steel
Roof Metal
Utilities & Systems
Heating Forced Air
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $5,480
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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% ($1,159,000)
Home price
$5,795,000
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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