$2,500,000 Active
720 Mays Boulevard
Incline Village, NV 89451
✗ STR Not Allowed
Washoe County has no STR permit caps, but Cedars East HOA does not allow short-term rentals.
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About This Property

Your chance to build your dream home in Incline Village, NV. A level, vacant lot on .42 Acres, situated on a prime location on Mays Blvd, in the popular low elevation Lakeview Subdivision. Close proximity to Burnt Cedar Beach, Village Shopping Center, and the pedestrian/bike path on Lakeshore Blvd. Residents enjoy Incline beaches, golf courses, Diamond Peak Ski Resort, tennis courts, skateboard park, mountain bike trails, hiking, and a variety community facilities for recreation and outdoor activities. Nevada residents also enjoy favorable tax advantages. This is a rare opportunity to start with a clean slate and build a fantastic property to enjoy Lake Tahoe and Incline Village amenities, and a peek view of the lake!

Listed by Kerry Donovan — Chase International

Listing Details

Status Active
MLS # 1010256
Days on Market 1477

Property History

May 20, 2022
Listed for sale
$2,500,000
Property Overview
Lot Size 0.43 acres
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 122-194-19
Exterior & Lot
Lot Features Level
View Lake,Trees/Woods
Financial
Annual Tax $10,866
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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 — 720 Mays Boulevard, Incline Village

Est. Annual Revenue
$42,250
Avg Nightly Rate
$446
Projected Occupancy
26.6%
Cap Rate
0.7%
Structural Score: 47 / 100 (Standard) · STR Zone: Green

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
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% ($500,000)
Home price
$2,500,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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