$789,000 Active
861 Southwood Boulevard #8
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
·
2.5 Baths
·
1,602 Sq Ft
Virtual Tour

About This Property

Rare opportunity to own a beautifully maintained end-unit in the High Sierra complex, featuring additional windows that fill the home with abundant natural light. Ideally positioned at lower elevation with convenient access to 3 private beaches, dining, shopping, & year-round recreation. The main level offers an inviting open-concept living & dining area that extends to a spacious patio overlooking beautifully manicured grounds. Upstairs, the primary suite features a private en-suite bath, while 2 additional bedrooms with vaulted beam ceilings share a generous full bath. The meticulously maintained kitchen offers a new stainless-steel range & dishwasher. A finished basement room provides flexible space for a family room, den, home office, or workshop. An attached one-car garage provides convenient storage for all your Tahoe gear. Enjoy Nevada’s tax advantages, full IVGID privileges, & great short-term rental use. Ideal as a Tahoe getaway, investment, or full-time residence!

Listed by Grant Meyer — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019192
Price/Sq Ft $493

Property History

Sep 20, 2026
Listed for sale
$789,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2017 · county record $385,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,602
Stories 2
Year Built 1972
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 127-250-14
Parking
Garage Spaces 1
Parking Features One Car Garage,Open
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Backs to Greenbelt/Park,Wooded,Level
View Trees/Woods
Roof Composition
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $3,066
HOA Fee $695 / Monthly
HOA / Community Canopy Property Services
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$35K – $60K typically ~$50,000
~$4,167 per month
Avg Nightly
$304
Occupancy
45%
Cap Rate
2.6%

STR Investment Summary — 861 Southwood Boulevard #8, Incline Village

Est. Gross Annual Revenue
$35K – $60K
typically ~$50,000
Avg Nightly Rate
$304
Projected Occupancy
45.0%
Cap Rate
2.6%
Structural Score: 67 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-bedroom rentals, 2026-08); 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
756 sq ft covered of 227 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
756 sq ft
Allowed Coverage
227 sq ft · 30%
Existing Coverage
756 sq ft · 100%
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% ($157,800)
Home price
$789,000
Loan details
30-yr fixed, 6.5%
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