587 Fallen Leaf Way Incline Village, NV 89451
Estimated payment $33,310/month
Total Views
4,814
4
Beds
5.5
Baths
4,833
Sq Ft
$1,210
Price per Sq Ft
Highlights
- Community Beach Access
- Mountain View
- Mud Room
- Incline High School Rated A-
- Fireplace in Primary Bedroom
- Community Pool
About This Home
Welcome to 587 Fallen Leaf Way – where cutting-edge technology meets timeless Tahoe luxury. This is one of those homes that is even more impressive in person! Perched above Lake Tahoe with commanding, unobstructed views of its crystal waters and the Sierra Nevada peaks beyond, 587 Fallen Leaf Way is a rare fusion of mountain elegance, intelligent design, and exceptional craftsmanship. Re-built in 2008 by Mandeville Construction and designed by renowned local architect James Borelli, this custom residence reflects the highest standard of execution, with interiors masterfully curated by San Francisco-based design teams Christopher Roy and Krista Sweet. From the moment you arrive, the home speaks to a level of care, precision, and quality that is seldom found. Inside, you'll find hickory flooring, custom alder cabinetry, and natural stone finishes sourced from around the world — Lagos Azul limestone, Ann Sacks tile, and Silver Stucato travertine. The great room’s dramatic wood-burning fireplace and panoramic lake views set the tone for unforgettable entertaining and everyday serenity. Four spacious en-suite bedrooms, plus an office, gym, media room, wine cellar, and multiple decks, provide the ideal layout for both relaxed daily living and effortless hosting. A Control4 smart home ecosystem seamlessly integrates Lutron lighting, sound, security, climate, AV, and motorized blinds. A 21KW Generac generator, whole-house hydronic heating, heated driveway, and 10-zone Nest system ensure absolute comfort and resilience in all seasons. The home also features a radon mitigation system, Moen leak detection with auto shutoff, and a newly updated fire suppression system. The chef’s kitchen is as functional as it is beautiful, with a Wolf dual fuel range, Sub-Zero refrigeration, double KitchenAid dishwashers, and Juparana Mellion granite leathered countertops. A full walk-in pantry and elegant butler’s pantry complete the space. The primary suite is a private sanctuary, featuring a natural gas fireplace, Romeo & Juliet balcony, birdseye maple vanity, Jellybean glass shower flooring, and luxurious heated amenities. Three additional guest suites — each with distinctive stone and tile finishes — offer refined comfort, while a convertible fifth bedroom or gym provides added flexibility. Entertainment flows naturally through the home — from the lower-level media room with 85" Samsung 8K TV and surround sound, to the Breezair-cooled 500+ bottle wine cellar, and out to expansive Ipe decks overlooking the lake. The professionally designed and meticulously maintained gardens are accented with solar lighting, DG paths, and a new Sundance hot tub — perfect for year-round evenings. This home isn't just beautifully appointed — it’s remarkably engineered. A new Lochinvar high-altitude boiler system (2024), whole-house vacuum, central AV rack, skylights with rain sensors, and internet-connected systems (myQ garage, Nest, Control4) make this residence one of the most technologically advanced in the basin. Lastly, there is no shortage of storage — the subarea has a fully enclosed, lockable cage for all your toys and more.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,214
Year Built
- Built in 1984 | Remodeled
Lot Details
- 0.46 Acre Lot
- Lot Sloped Down
- Property is zoned TA_IV4
Parking
- 2 Car Attached Garage
Home Design
- Composition Roof
Interior Spaces
- 4,833 Sq Ft Home
- 3-Story Property
- Partially Furnished
- Multiple Fireplaces
- Mud Room
- Family Room
- Living Room with Fireplace
- Mountain Views
- Alarm System
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- 5.5 Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Hydronic Heating System
- Heating System Uses Natural Gas
- Radiant Heating System
Community Details
Overview
- Surroundingarea Community
- Greenbelt
Recreation
- Community Beach Access
- Tennis Courts
- Community Pool
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,214 | $615,336 | $252,000 | $363,336 |
| 2024 | $17,214 | $591,850 | $224,000 | $367,850 |
| 2023 | $16,731 | $548,480 | $196,000 | $352,480 |
| 2022 | $16,582 | $466,310 | $154,000 | $312,310 |
| 2021 | $16,122 | $444,906 | $137,200 | $307,706 |
| 2020 | $15,723 | $439,293 | $134,400 | $304,893 |
| 2019 | $15,290 | $425,871 | $126,000 | $299,871 |
| 2018 | $14,868 | $410,356 | $118,125 | $292,231 |
| 2017 | $14,325 | $405,371 | $118,125 | $287,246 |
| 2016 | $13,983 | $401,372 | $105,000 | $296,372 |
| 2015 | $3,489 | $379,796 | $105,000 | $274,796 |
| 2014 | $14,233 | $389,062 | $105,000 | $284,062 |
| 2013 | -- | $412,657 | $131,250 | $281,407 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/01/2025 07/01/25 | For Sale | $5,850,000 | +102.7% | $1,210 / Sq Ft |
| 04/26/2012 04/26/12 | Sold | $2,886,000 | -26.0% | $597 / Sq Ft |
| 03/27/2012 03/27/12 | Pending | -- | -- | -- |
| 01/07/2011 01/07/11 | For Sale | $3,900,000 | -- | $807 / Sq Ft |
Source: Tahoe Sierra Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $2,886,000 | First American Title Iv | |
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $1,500,000 | First American Title | |
| Deed | $663,500 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,425,000 | New Conventional | |
| Previous Owner | $2,640,000 | Unknown | |
| Previous Owner | $1,640,000 | Unknown | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Incline Village, NV
Source: Tahoe Sierra Board of REALTORS®
MLS Number: 20251474
APN: 125-511-14
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