$995,000 $1,019,000 ↓ $24,000 reduced Active
807 Alder #38
Incline Village, NV 89451

Get condos like this by email

When a condo like this lists in Incline Village at a similar price and size, we email you the same day. No account needed.

✓ STR Allowed
Washoe County has no STR permit caps. Woodstock HOA allows short-term rentals.
📋 STR Permit on File
Washoe County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
3 Beds
·
3.0 Baths
·
1,243 Sq Ft

Our data on this home

About This Property

Beautifully remodeled 3-bed, 3-bath condo in a prime low-elevation Incline Village location. Stroll or bike to Lake Tahoe shoreline, shops, restaurants, and more. This end-unit features modern updates, including new doors, luxury vinyl flooring, modern kitchen cabinets, remodeled bathrooms, and a sleek fireplace. Enjoy high wood-beamed and two spacious decks: one off the living room and another off the primary suite. The functional layout offers two bedrooms and baths on the main level, with a private third bedroom and bath in the loft with a walk-in closet. Private storage lockers at both the top & bottom of the staircase and a washer/dryer add convenience. HOA allows short-term rentals with a Washoe County Permit. Residents enjoy access to private beaches, golf courses, Diamond Peak Ski Resort, and multiple other amenities. A perfect low-maintenance, move-in-ready getaway or investment property! Call to set up a private tour.

Listed by Sabrina Belleci — Casa Tua

Listing Details

Status Active
MLS # 1018036
Days on Market 564
Price/Sq Ft $800

Property History

Apr 06, 2025
Listed for sale
$1,019,000
Jul 27, 2026
Price reduced
$995,000 $998,000 ↓ $3,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2024 $749,000 Sandra HauptElite Properties Sabrina BelleciRE/MAX Gold

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,243
Stories 2
Year Built 1978
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 132-053-11
Parking
Parking Features No Garage,Open,Outside,Permit Required
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Landscaping
Lot Features Backs to Greenbelt/Park,Wooded,Level
View Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Baseboard,Electric,Wall Furnace
Financial
Annual Tax $1,795
HOA Fee $931 / Monthly
HOA / Community Associate Sierra North
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
53
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$274
Occupancy
45%
Cap Rate
1.8%

STR Investment Summary — 807 Alder #38, Incline Village

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 53 / 100 (Standard) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (182 comparable 3-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

$1,300 – $1,900/yr
about $133/mo
Est. Rebuild Cost (Coverage A)
$372,900

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

See it in the monthly payment

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

$6,245 per month
Principal & interest
$5,031/mo
Property taxes
$150/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$931/mo
From MLS listing data.
Home insurance
$133/mo
Estimated ~$1,300–$1,900/yr — get a local broker quote for accuracy.
Down payment
20% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message