$1,095,000 $1,480,000 ↓ $385,000 reduced Pending

805 Geraldine 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

2.0 Baths

1,576 Sq Ft

About This Property

Welcome to your Tahoe retreat in the sought-after neighborhood of Jennifer. This home blends charming mountain living, with modern comfort and a spirit of adventure. Just minutes to world-class skiing, beaches and and the areas amenities, plus the advantage of tax friendly Nevada. This home features a thoughtfully designed layout, with all bedrooms conveniently located upstairs.Two of the bedrooms offer direct access to a shared deck, perfect for enjoying fresh mountain air and life's simple pleasures. There's abundant storage in the garage for all your Tahoe gear, whether you're headed to the slops, trails or the lake.The living room has high ceilings, exposed wooden beams and it's own private deck. Additional highlights include new HVAC installed May 2025 and a new washer & dryer.

Listed by Dyan Chapman — Keller Williams Group One Inc

Listing Details

Status Pending

MLS # 1018727

Days on Market 146

Price/Sq Ft $695

Property History

Mar 19, 2026

Listed for sale

$1,095,000

Jul 02, 2026

Price changed

$1,095,000

Jul 10, 2026

Pending

$1,095,000

Jul 15, 2026

Relisted

$1,095,000

Jul 21, 2026

Pending

$1,095,000

Property Overview

Beds 3

Baths 2.0

Sq. Ft. 1,576

Lot Size 0.26 acres

Year Built 1981

Property Type Single Family Residence

Style Split Level

County Washoe

STR Jurisdiction Washoe County

APN 12523209

Parking

Garage Spaces 1

Parking Features One Car Garage,Garage Door Opener

Attached Garage Yes

Exterior & Lot

Exterior Features Deck

View Trees/Woods

Roof Composition,Shingle,Wood

Utilities & Systems

Heating Forced Air

Financial

Annual Tax $7,067

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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

STR Investment Summary — 805 Geraldine Drive, Incline Village

Est. Annual Revenue

$37,155

Avg Nightly Rate

$212

Projected Occupancy

47.9%

Cap Rate

1.4%

Structural Score: 65 / 100 (Premium) · 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

2,465 sq ft covered of 115 sq ft allowed

This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.

Parcel Size

11,518 sq ft

Allowed Coverage

115 sq ft · 1%

Existing Coverage

2,465 sq ft · 21%

Addable Coverage

0 sq ft

Existing Units

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

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($219,000)

Home price

$1,095,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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