$4,800,000 $5,200,000 ↓ $400,000 reduced 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
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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
Days on Market 45
Price/Sq Ft $1,060

Property History

Jun 08, 2026
Listed for sale
$4,800,000
Jul 17, 2026
Price changed
$4,800,000
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
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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 — 615 Woodridge Circle, Incline Village

Est. Annual Revenue
$226,863
Avg Nightly Rate
$1939
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
4,582 sq ft covered of 10,115 sq ft allowed
5,533 sq ft of coverage still available to add.
Parcel Size
50,576 sq ft
Allowed Coverage
10,115 sq ft · 20%
Existing Coverage
4,582 sq ft · 9%
Addable Coverage
5,533 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($960,000)
Home price
$4,800,000
Loan details
30-yr fixed, 6.5%
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