$1,458,000 Active
875 Southwood Boulevard #22
Incline Village, NV 89451

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✗ STR Not Allowed
Washoe County has no STR permit caps, but L'Ermitage (Forest Flower) HOA does not allow short-term rentals.
3 Beds
·
2.5 Baths
·
1,546 Sq Ft
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Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why Home insurance $1,600 – $2,300/yr Standard homeowners policy

About This Property

Sought after L'Erimitage Complex. Right in the center of the "Village". Walk to Beaches, Rec Center, Shopping, Restaurants. This gated, low elevation condo was remodeled in 2025. All fresh, furnished and ready to go. 3B/2.5B located on the coveted south facing back row of the complex. Sunny (year around) private entertainment deck with retractable awning, HOA compliant BBQ, and cozy patio furnishings. Vaulted ceilings abound on the main entertainment level along with 10" plank LVP flooring. Open rod-iron stair case railings, gas fireplace and plenty of custom built ins, lite closets, walk-in sauna. The Island Kitchen is a delight: 2025 renovations including leathered quartzite countertops, lacquered cabinets, stainless steel gas range/appliances and much more... Summary: Central low elevation Gated Community, Furnished, Renovated Interior, 1 car garage. New Roof and other Exterior Improvements in 2026. Video: https://sites.listvt.com/vd/270573406

Listed by Tim Lampe — Lakeshore Realty

Listing Details

Status Active
MLS # 1019227
Days on Market 1
Price/Sq Ft $943

Property History

Oct 21, 2026
Listed for sale
$1,458,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2025 $1,200,000 Denise BremerSierra Sotheby's International Tim LampeLakeshore Realty

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. 1,546
Stories 2
Year Built 1980
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 127-420-22
Parking
Garage Spaces 1
Parking Features Assigned,Detached,Garage,One Car Garage,Gated,Off Street,Outside,Private,See Remarks,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s),Barbecue,Deck,Fence
Lot Features No Backyard Grass,Wooded,Level
View Mountain(s),Trees/Woods
Construction Frame,Shingle Siding,Wood Siding
Roof Composition
Utilities & Systems
Heating Electric,Forced Air
Financial
Annual Tax $4,115
HOA Fee $780 / Monthly
HOA / Community IPM
HOA & Community
Community Amenities Controlled Access
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Luxury
78
No revenue projection. This HOA does not allow short-term rentals.

STR Investment Summary — 875 Southwood Boulevard #22, Incline Village

No revenue projection. This HOA does not allow short-term rentals.
Structural Score: 78 / 100 (Luxury) · STR Zone: Red

Home Insurance Estimate

Standard homeowners policy for this home

$1,600 – $2,300/yr
about $162/mo
Est. Rebuild Cost (Coverage A)
$463,800

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

$8,658 per month
Principal & interest
$7,372/mo
Property taxes
$343/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$780/mo
From MLS listing data.
Home insurance
$163/mo
Estimated ~$1,600–$2,300/yr — get a local broker quote for accuracy.
Down payment
20% ($291,600)
Home price
$1,458,000
Loan details
30-yr fixed, 6.5%
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