Sold $775,000 $850,000 Closed
702 College Drive #71
Incline Village, NV 89451

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SOLD 2025-03-24
Sold for $775,000 (listed at $850,000)
2 Beds
·
1.5 Baths
·
1,504 Sq Ft

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It sold for $775,000 on 2025-03-24, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

About This Property

This bright and comfortable freestanding townhome is in a convenient mid-village location; just a few minutes to get to grocery, restaurants and shopping. This two-story unit had a substantial facelift in 2021 with new carpet, Luxury Vinyl Plank flooring, new vanities and toilets, new gas stove (heats the entire upper level in 10 minutes!), custom window treatments, a new dishwasher, new refrigerator, and new paint throughout. A big back deck is perfect for enjoying your morning coffee al fresco or impromptu summer BBQs. The floor-to-ceiling windows provide plenty of natural light lend a relaxed and comfortable vibe to this charming residence. The last sale in this sought-after complex was 3 years ago; homeowners are happy in this well-maintained complex. Just minutes to the lake for summer beach fun and close proximity to the slopes for winter adventure. Offered fully furnished and turn-key, ready to become your new basecamp for all your Lake Tahoe adventures.

Listed by Gretchen Sproehnle — Sierra Sotheby's International

Listing Details

Status Closed
MLS # 1016850
Sold Date 2025-03-24
Sold Price $775,000
Price/Sq Ft $565

Property History

Dec 16, 2024
Listed for sale
$850,000
Current
Sold
$775,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,504
Lot Size 0.00 acres
Stories 2
Year Built 1971
Property Type Single Family Residence
Style Traditional
County Washoe
STR Jurisdiction Washoe County
APN 129-270-09
Parking
Parking Features No Garage,Open,Permit Required
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Gas,Hot Water
Financial
Annual Tax $2,068
HOA Fee $555 / Monthly
HOA / Community Canopy Property Services

STR Investment Summary — 702 College Drive #71, Incline Village

Est. Gross Annual Revenue
$30K – $45K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
1.9%
Structural Score: 53 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Incline Village market data (139 comparable 2-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

Standard homeowners policy for this home

$2,100 – $3,200/yr
about $221/mo
Est. Rebuild Cost (Coverage A)
$631,680

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

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