$1,725,000 Active Under Contract
655 Saddlehorn Drive
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
2,108 Sq Ft
Virtual Tour

About This Property

Enjoy direct access to scenic views and forested trails at this updated Incline Village retreat. Situated on a flat, corner lot bordering USFS land—with storage galore—this split-level home is ideal for all the Tahoe seasons. The living, dining, and kitchen areas feature vaulted ceilings, abundant natural light, a cozy stone fireplace, and a large deck ideal for dining among the pines. The kitchen is made for gathering with bar seating, wine fridge, granite countertops, and stainless-steel appliances. The primary suite is a sanctuary boasting two walk-in closets & spa-inspired ensuite bath. Downstairs, a versatile 2nd living area, two generous bedrooms, full bath and laundry room offer a functional layout. The 2-car garage is great for mountain living. A large flat lot and wide driveway make winter access a breeze, and the home is located on a school bus route for priority snow plowing. NO HOA, full IVGID privileges & amenities like private beaches, discount golf and skiing.

Listed by Kendra Clark — Coldwell Banker Select

Listing Details

Status Active Under Contract
MLS # 1019076
Days on Market 52
Price/Sq Ft $818

Property History

Jul 23, 2026
Listed for sale
$1,725,000
Jul 27, 2026
Pending
$1,725,000
Jul 31, 2026
Relisted
$1,725,000
Aug 17, 2026
Pending
$1,725,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2022 · county record $2,195,000 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 3
Baths 2.5
Sq. Ft. 2,108
Lot Size 0.23 acres
Year Built 1991
Property Type Single Family Residence
Style Split Level
County Washoe
STR Jurisdiction Washoe County
APN 125-541-02
Parking
Garage Spaces 2
Parking Features Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Landscaping
Lot Features Corner Lot,Wooded,Level
View Lake,Mountain(s),Trees/Woods
Roof Composition
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $7,582
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
73
PROJECTED GROSS ANNUAL REVENUE
$50K – $75K typically ~$60,000
~$5,000 per month
Avg Nightly
$365
Occupancy
45%
Cap Rate
1.3%

STR Investment Summary — 655 Saddlehorn Drive, Incline Village

Est. Gross Annual Revenue
$50K – $75K
typically ~$60,000
Avg Nightly Rate
$365
Projected Occupancy
45.0%
Cap Rate
1.3%
Structural Score: 73 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-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

Over coverage limit
2,458 sq ft covered of 490 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,796 sq ft
Allowed Coverage
490 sq ft · 5%
Existing Coverage
2,458 sq ft · 25%
Addable Coverage
0 sq ft
IPES Score
769.0
Land Capability · TRPA-verified
IPES
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% ($345,000)
Home price
$1,725,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message