$2,500,000 Active
101 Red Cedar Drive #23
Incline Village, NV 89451
✗ STR Not Allowed
Washoe County has no STR permit caps, but Red Cedar Estates HOA does not allow short-term rentals.
4 Beds
·
3.5 Baths
·
3,047 Sq Ft

About This Property

Perched above the sparkling waters of Lake Tahoe in the gated community of Red Cedar Estates, this low-elevation mountain retreat offers the perfect balance of privacy, comfort, and breathtaking lake views. Vaulted ceilings, walls of windows, and an open great room create a light-filled living space designed to showcase the ever-changing beauty of the lake. Step onto the expansive view deck to enjoy morning coffee, sunset skies, and summer entertaining. The thoughtfully designed floor plan offers 4 bedrooms and 3.5 baths, including two ensuite bedrooms, a spacious family room with outdoor access, and flexible space for guests or a home office. The kitchen features abundant cabinetry, granite countertops, a center island, walk-in pantry, and premium appliances. Mahogany flooring, in-floor radiant heat, Hunter Douglas blinds, and an oversized two-car garage complete this exceptional Tahoe offering.

Listed by Kristen Pepin — Sun Bear Realty And Management

Listing Details

Status Active
MLS # 1019065
Days on Market 1
Price/Sq Ft $820

Property History

Jul 23, 2026
Listed for sale
$2,500,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,047
Lot Size 0.06 acres
Stories 3
Year Built 1995
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-190-48
Parking
Garage Spaces 1
Parking Features Detached,Garage,One Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Deck,Landscaping
Lot Features Sloped
View Lake,Mountain(s),Trees/Woods
Roof Composition
Utilities & Systems
Heating Baseboard,Hot Water
Financial
Annual Tax $8,457
HOA Fee $515 / Monthly
HOA / Community IPM
📊

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%

STR Investment Summary — 101 Red Cedar Drive #23, Incline Village

Est. Annual Revenue
$60,315
Avg Nightly Rate
$355
Projected Occupancy
46.7%
Cap Rate
1.0%
Structural Score: 75 / 100 (Luxury) · STR Zone: Red

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,366 sq ft covered of 480 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
2,400 sq ft
Allowed Coverage
480 sq ft · 20%
Existing Coverage
1,366 sq ft · 57%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($500,000)
Home price
$2,500,000
Loan details
30-yr fixed, 6.5%
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