$1,298,000
702 College Drive #85
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Incline Crest lllA HOA allows short-term rentals.
3 Beds
·
2.5 Baths
·
1,504 Sq Ft

About This Property

Vacation rentals permitted by HOA! Beautifully remodeled with mountain-modern charm and open-beamed ceilings throughout, this centrally located 3 bedroom, 2.5 bath condo offers refined finishes and thoughtful upgrades. Interior features include slab quartz countertops, stainless steel appliances, custom tile, hand-scraped Pergo-style flooring, newer rear decks, and a striking curved metal staircase. The light-filled living area showcases exposed wood beams, a conforming wood stove, and access to a private spacious deck. The entry level includes three generous bedrooms, primary is en-suite with direct access to back deck and spa. Two additional bedrooms and updated bath. Additional highlights include a dedicated laundry room with ample storage and a well-appointed powder room adjacent to a butler’s pantry. Ideal as a primary residence, second home, or rental. This is turn key ready and nicer condition than anything in this price range. Furnishings negotiable and ready to move in!

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Active
MLS # 1018739
Days on Market 7
Price/Sq Ft $863

Property History

Mar 22, 2026
Listed for sale
$1,298,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,504
Stories 2
Year Built 1971
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 129-270-23
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Hot Tub/Spa
Lot Features Level
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas,Gas,Hot Water
Financial
Annual Tax $2,890
HOA Fee $625 / Monthly
HOA / Community Canopy Properties
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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 — 702 College Drive #85, Incline Village

Est. Annual Revenue
$46,793
Avg Nightly Rate
$369
Projected Occupancy
34.5%
Cap Rate
1.4%
Structural Score: 52 / 100 (Standard) · STR Zone: Yellow

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($259,600)
Home price
$1,298,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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