$4,599,000 $5,200,000 ↓ $601,000 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. Home is owner occupied with two friendly dogs. Please contact owner/agent before showing. Owner is typically on site and can take dogs for a walk while you tour the home. Buyers to verify all information provided on the home.

Listed by Jeffry Poindexter — Dickson Realty

Listing Details

Status Active
MLS # 20261102
Days on Market 64
Price/Sq Ft $1,015

Property History

Jun 08, 2026
Listed for sale
$4,599,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2011 · county record $780,000 Deed record — brokerage sides not reported
Aug 2026 $4,200,000 (+438%) Jeffry PoindexterDickson Realty Nevada Licensee

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 4
Baths 3.5
Sq. Ft. 4,530
Lot Size 1.19 acres
Year Built 1969
Property Type Single Family Residence
Style Mountain
Subdivision SurroundingArea
County Washoe
STR Jurisdiction Washoe County
APN 12205208
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped
View Lake, Filtered, Mountain(s)
Construction Frame, Wood Siding, Stucco
Roof Composition, Shake/Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Cooling Air Conditioning
📊

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
$217,386
Avg Nightly Rate
$1858
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
Land Capability · TRPA-verified
4
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% ($919,800)
Home price
$4,599,000
Loan details
30-yr fixed, 6.5%
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