$1,895,000 Active Under Contract
698 Saddlehorn 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
·
3.0 Baths
·
2,198 Sq Ft
Virtual Tour

About This Property

This beautifully designed A-frame is perched on a quiet hillside in tax-friendly Nevada. This 3-bedroom, 3-bathroom retreat offers the perfect blend of mountain charm, comfort, and access to Lake Tahoe's world-class amenities. Surrounded by trees and filtered lake views, this home invites nature in from every angle. The trailhead is just steps away, perfect for year-round hikes. The main living space, located on the second level, features vaulted ceilings, dramatic cathedral windows, and a wood-burning fireplace, creating a warm and inviting great room. Two sets of glass doors open to a semi-circular deck, perfect for dining, relaxing, or entertaining. The chef’s kitchen has cherry cabinetry, double ovens, 6-burner cooktop with an indoor grill. Upstairs, the private primary suite offers breathtaking lake views—even from the shower. On the lower level, two bedrooms each open to their deck and an inviting hot tub. Seller will be installing new driveway. A Perfect Cozy Mountain Cabin.

Listed by Khal Pluckhan — Sierra Sotheby's International

Listing Details

Status Active Under Contract
MLS # 1018230
Days on Market 284
Price/Sq Ft $862

Property History

Jun 06, 2025
Listed for sale
$1,895,000
Current
Pending
$1,895,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 2,198
Lot Size 0.23 acres
Stories 3
Year Built 1984
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-551-01
Parking
Garage Spaces 2
Parking Features Front Entry,Garage,Two Car Garage,Open,Off Street,Outside,Public,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Barbecue,Deck,Hot Tub/Spa,Sprinkler/Irrigation,Landscaping,Patio,Private Yard
Lot Features Wooded
View Lake,Mountain(s),Trees/Woods
Construction Frame
Roof Metal
Utilities & Systems
Heating Electric,Forced Air
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $5,695
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 698 Saddlehorn Drive, Incline Village

Est. Annual Revenue
$70,726
Avg Nightly Rate
$609
Projected Occupancy
30.6%
Cap Rate
1.5%
Structural Score: 58 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($379,000)
Home price
$1,895,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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License #CA 02235314
Email 9166671444

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