$3,695,000
475 Lakeshore Boulevard #18
Incline Village, NV 89451
✗ STR Not Allowed
Washoe County has no STR permit caps, but Crystal Bay Cove HOA does not allow short-term rentals.
3 Beds
·
3.0 Baths
·
2,100 Sq Ft

About This Property

475 Lakeshore Blvd #18 is a rare, end-unit with walk-out access to the lake, private dock, & buoy field. Following an approx. $2,000,000 complete remodel, this 2,100 sq. ft. 3-bed, 3-bath residence combines sleek, modern design with panoramic lake views from nearly every room. Everything is controlled electronically from iPads & wall switches, including AV system & dramatic glass doors that open directly to the lakefront. The showpiece is a lakeview hot tub sanctuary encased in floor-to-ceiling glass, perfect for snowy winter days or sunny summer afternoons. Highly customized built-ins are found throughout, along with a wet bar, stunning high-end kitchen, & premium finishes that create a refined, turnkey retreat. Residents enjoy beautifully maintained grounds, vibrant landscaping, open green space, & a peaceful private waterfront walk ideal for strolls and dog walks. Superior on-site management, snow removal, & proximity to town complete this exceptional offering. 1 buoy per condo.

Listed by Robert Brown — Fantastik Realty

Listing Details

Status Active
MLS # 1018377
Days on Market 208
Price/Sq Ft $1,760

Property History

Aug 07, 2025
Listed for sale
$3,695,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,100
Stories 2
Year Built 1970
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 122-530-18
Parking
Garage Spaces 1
Parking Features Attached,Garage,One Car Garage
Attached Garage Yes
Exterior & Lot
View Lake,Panoramic
Utilities & Systems
Heating Forced Air
Cooling 1 Unit
Financial
Annual Tax $12,101
HOA Fee $1,193 / Monthly
HOA / Community CANOPY PROPERTY SERVICES
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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 — 475 Lakeshore Boulevard #18, Incline Village

Est. Annual Revenue
$190,710
Avg Nightly Rate
$1630
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 60 / 100 (Premium) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($739,000)
Home price
$3,695,000
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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