$1,198,000 $1,298,000 ↓ $100,000 reduced Active
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 143
Price/Sq Ft $797

Property History

Mar 22, 2026
Listed for sale
$1,198,000
Aug 11, 2026
Price changed
$1,198,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2022 · county record $1,225,000 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.

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
📊

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
$43,044
Avg Nightly Rate
$237
Projected Occupancy
49.9%
Cap Rate
1.4%
Structural Score: 52 / 100 (Standard) · 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

Over coverage limit
996 sq ft covered of 319 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,305 sq ft
Allowed Coverage
319 sq ft · 24%
Existing Coverage
996 sq ft · 76%
Addable Coverage
0 sq ft
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% ($239,600)
Home price
$1,198,000
Loan details
30-yr fixed, 6.5%
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