$3,695,000 Active
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 370
Price/Sq Ft $1,760

Property History

Aug 07, 2025
Listed for sale
$3,695,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2010 · county record $1,175,000 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 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
📊

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: 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
863 sq ft covered of 12 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,189 sq ft
Allowed Coverage
12 sq ft · 1%
Existing Coverage
863 sq ft · 73%
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% ($739,000)
Home price
$3,695,000
Loan details
30-yr fixed, 6.5%
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