Sold $2,340,000 $2,549,000 Closed
866 Southwood Boulevard
Incline Village, NV 89451

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SOLD 2026-04-16
Sold for $2,340,000 (listed at $2,549,000)
6,074 Sq Ft

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It sold for $2,340,000 on 2026-04-16, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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Our data on this home

About This Property

CURRENTLY ACCEPTING BACK-UP OFFERS! RARE OPPORTUNITY in Lake Tahoe, the Heart of Incline Village, NV Fabulous Location walk to the coveted beaches, Hyatt, restaurants, shops, markets, recreation center, and beautiful hiking trails just 3 blocks from Lakeshore Blvd. 2 18 hole golf courses a few minutes away. Prime property built 1965, pre TRPA-grandfathered coverage. 6 Unit apartment building located on the Lake side of Tahoe Blvd consists of: 5 2bd. 1 bath apts and 1 large 3 bd. 2 bath apt. with 35’ balcony. All units light & bright 14 car parking lot The building has been renovated including beautiful New kitchens, new bathrooms, new front doors, new flooring throughout, newer baseboard heaters and new metal roof with heated gutters. New sewer clean out, new water line, water meter, new windows/sliders 2/3 of the bldg. New retaining wall, new paver walkways & parking lot Common area laundry room with coin operate washer/dryer, electric water heater and storage lockers for each unit.

Listed by Matthew Biscotti — Coldwell Banker Select

Listing Details

Status Closed
MLS # 1018605
Sold Date 2026-04-16
Sold Price $2,340,000
Price/Sq Ft $420

Property History

Jan 01, 2026
Listed for sale
$2,549,000
Current
Sold
$2,340,000
Property Overview
Sq. Ft. 6,074
Lot Size 0.28 acres
Stories 2
Year Built 1965
Property Type MLF
Style Ranch
County Washoe
STR Jurisdiction Washoe County
APN 132-222-08
Exterior & Lot
Exterior Features Balcony,Patio
Lot Features Level
View Trees/Woods
Construction Block,Frame,Masonry,Concrete
Roof Composition,Flat,Metal
Utilities & Systems
Heating Baseboard,Electric
Financial
Annual Tax $15,037

STR Investment Summary — 866 Southwood Boulevard, Incline Village

Est. Gross Annual Revenue
$50K – $75K
typically ~$65,000
Avg Nightly Rate
$396
Projected Occupancy
45.0%
Cap Rate
1.0%
Structural Score: 50 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
6,526 sq ft covered of 3,721 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
12,402 sq ft
Allowed Coverage
3,721 sq ft · 30%
Existing Coverage
6,526 sq ft · 53%
Addable Coverage
0 sq ft
Existing Units
6

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 ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$11,400 – $16,700/yr
about $1,171/mo
Est. Rebuild Cost (Coverage A)
$3,340,700

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

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