$5,200,000 Active
615 Woodridge 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
·
3.5 Baths
·
4,530 Sq Ft

About This Property

This distinctive home sits on 1.19 acres and offers lake views from every room. The residence includes 4 bedrooms, 3.5 bathrooms, and approximately 4,530 square feet of living space. Fully renovated to include a major addition in 2014, the home remains in near-pristine condition. The home is configured for single level living with the primary bedroom on the first floor. A beautifully upgraded kitchen designed for serious cooking with a formal dining room looks out to the lake. There is a large wine cellar and a spacious shop that could be converted into an en-suite bedroom with a separate entrance. Air conditioning was installed in 2022. The grounds are beautifully landscaped and there is a large two-car garage with ample storage space. There is approximately 1480 sqft of additional coverage. Located on quiet Woodridge Circle, this property presents a rare opportunity to own a spacious lot and a beautifully maintained home with sweeping lake views. Owner is a Real Estate agent.

Listed by Jeffry Poindexter — Dickson Realty

Listing Details

Status Active
MLS # 1018954
Price/Sq Ft $1,148

Property History

Jun 08, 2026
Listed for sale
$5,200,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 4,530
Lot Size 1.19 acres
Stories 2
Year Built 1969
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 122-052-08
Parking
Garage Spaces 2
Parking Features Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Barbecue,Deck,Garden,Sprinkler/Irrigation,Landscaping,Patio,Private Yard,Rain Gutters,Security Lighting
Lot Features Acreage,Corner Lot,Sloped,Wooded
View Lake
Construction Frame,Stone,Stucco
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $8,184
📊

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 — 615 Woodridge Circle, Incline Village

Est. Annual Revenue
$242,658
Avg Nightly Rate
$2074
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 69 / 100 (Premium) · STR Zone: Green

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
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% ($1,040,000)
Home price
$5,200,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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