$2,195,000 Active Under Contract
532 Jensen Circle
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
1,913 Sq Ft
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About This Property

Wonderful single-level home with expansive covered deck overlooking a year-round creek. Recently remodeled this 4 bdrm, 3 full bath home features custom cabinetry and trim, LVP flooring, built-in cabinetry, and new roof with heat tape. Paver driveway adds to the home's curb appeal. Kitchen features gas cooktop, pantry, instant hot water, large island, and butler's pantry w/ wine refrigerator—ideal for entertaining. Primary suite includes custom California Closets walk-in closet and beautifully appointed bathroom with heated flooring and a curb-less shower. Additional storage and cabinets in the 2-car garage, and spacious laundry/mudroom just off the garage. Centrally located on a large 0.425-acre parcel, the property has approximately 1,353 sq.ft. of additional TRPA coverage. Buyer to verify all information. A pleasure to show!

Listed by Kristi Thordarson — Sierra Sotheby's International

Listing Details

Status Active Under Contract
MLS # 1019111
Days on Market 33
Price/Sq Ft $1,147

Property History

Aug 10, 2026
Listed for sale
$2,195,000
Aug 25, 2026
Pending
$2,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2019 · county record $825,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 4
Baths 3.0
Sq. Ft. 1,913
Lot Size 0.42 acres
Stories 1
Year Built 1964
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 124-071-14
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Patio
Lot Features Level
View Creek/Stream,Trees/Woods
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $7,657
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$50K – $90K typically ~$70,000
~$5,833 per month
Avg Nightly
$426
Occupancy
45%
Cap Rate
1.3%

STR Investment Summary — 532 Jensen Circle, Incline Village

Est. Gross Annual Revenue
$50K – $90K
typically ~$70,000
Avg Nightly Rate
$426
Projected Occupancy
45.0%
Cap Rate
1.3%
Structural Score: 67 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (265 comparable 4-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
2,698 sq ft covered of 5,580 sq ft allowed
2,883 sq ft of coverage still available to add.
Parcel Size
18,600 sq ft
Allowed Coverage
5,580 sq ft · 30%
Existing Coverage
2,698 sq ft · 15%
Addable Coverage
2,883 sq ft
Land Capability · TRPA-verified
1b, 6
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% ($439,000)
Home price
$2,195,000
Loan details
30-yr fixed, 6.5%
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