$690,000 $749,000 ↓ $59,000 reduced Active
121 Juanita Drive #2-36
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
780 Sq Ft
Virtual Tour

About This Property

This lovely one-bedroom, one-bath condominium, located in the sought after Forest Pines Complex just one block from Lakeshore Blvd and the Lake Tahoe shores in Incline Village, offers all that beautiful Lake Tahoe has to offer. Fully furnished! New roof., Welcome to your ideal investment opportunity! This charming property is perfect for those looking to tap into the lucrative vacation rental market as a part-time Airbnb. Enjoy the benefits of supplemental income by capitalizing on peak travel seasons and ensuring your mortgage and maintenance costs are defrayed. With the flexibility of short-term rentals, you can easily use the space for personal enjoyment when it’s not hosting guests. The 2022, 2023 & 2024 Airbnb part time gross rental income was $145,442.00 for an annual average of $ 48,481.00. The owners maintain a Washoe County Short Term Rental Permit. This property offers a unique charm and the potential to create memorable experiences for travelers while showcasing the beauty of the Lake Tahoe area. Plus, with the help of platforms like Airbnb, managing bookings and communicating with guests has never been easier. Don’t miss out on this excellent chance to make this Lake Tahoe property work for you! Previously remodeled with vinyl wood-look & carpet floors and includes tasteful furnishings, this unit is both attractive and comfortable. Residents enjoy access to an array of amenities, including a sparkling outdoor pool, rejuvenating hot tub, inviting clubhouse, kayak racks, bike and boat storage for outdoor enthusiasts, EV charging station. Included is private beach & recreational access. Owner is a NV Real Estate Licensee-

Listed by Nanette Fink-Eaton — Real Estate in Nevada

Listing Details

Status Active
MLS # 240015304
Days on Market 606
Price/Sq Ft $885

Property History

Dec 14, 2024
Listed for sale
$690,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2016 · county record $320,000 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.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 780
Lot Size 0.01 acres
Stories 2
Year Built 1971
Property Type Condominium
Subdivision Forest Pines 2
County Washoe
STR Jurisdiction Washoe County
APN 127-290-36
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Common Area, Landscaped, Level
View Trees/Woods
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $1,928
HOA Fee $800 / Monthly
HOA / Community Forest Pines HOA
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Fitness Center, Golf Course, Landscaping, Pool, Sauna, Ski Accessible, Spa/Hot Tub, Tennis Court(s), Clubhouse/Recreation Room
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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%

STR Investment Summary — 121 Juanita Drive #2-36, Incline Village

Est. Annual Revenue
$41,115
Avg Nightly Rate
$213
Projected Occupancy
52.8%
Cap Rate
2.4%
Structural Score: 54 / 100 (Standard) · STR Zone: Green

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
996 sq ft covered of 307 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,023 sq ft
Allowed Coverage
307 sq ft · 30%
Existing Coverage
996 sq ft · 97%
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. Estimated coverage — data: TRPA GIS / Tahoe Open Data. 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 ↗

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% ($138,000)
Home price
$690,000
Loan details
30-yr fixed, 6.5%
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