$1,099,000 $1,298,000 ↓ $199,000 reduced Active
702 College Drive #85
Incline Village, NV 89451

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✓ STR Allowed
Washoe County has no STR permit caps. The listing description states short-term rentals are allowed — confirm with the Incline Crest lllA HOA; our records don't show its rental rules.
More Lake Tahoe homes for sale where STRs are allowed →
3 Beds
·
2.5 Baths
·
1,504 Sq Ft

Our data on this home

Short-term rental income $35K – $55K/yr Est. gross · $274/night · 45.0% booked Home insurance $1,500 – $2,300/yr Standard homeowners policy

About This Property

Vacation rentals permitted by HOA! Beautifully remodeled with mountain-modern charm and open-beamed ceilings throughout, this centrally located 3 bedroom, 2.5 bath condo offers refined finishes and thoughtful upgrades. Interior features include slab quartz countertops, stainless steel appliances, custom tile, hand-scraped Pergo-style flooring, newer rear decks, and a striking curved metal staircase. The light-filled living area showcases exposed wood beams, a conforming wood stove, and access to a private spacious deck. The entry level includes three generous bedrooms, primary is en-suite with direct access to back deck and spa. Two additional bedrooms and updated bath. Additional highlights include a dedicated laundry room with ample storage and a well-appointed powder room adjacent to a butler’s pantry. Ideal as a primary residence, second home, or rental. This is turn key ready and nicer condition than anything in this price range. Furnishings negotiable and ready to move in!

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Active
MLS # 1018739
Days on Market 214
Price/Sq Ft $731

Property History

Mar 22, 2026
Listed for sale
$1,298,000
Aug 11, 2026
Price reduced
$1,198,000 $1,248,000 ↓ $50,000
Aug 27, 2026
Price reduced
$1,099,000 $1,198,000 ↓ $99,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,504
Stories 2
Year Built 1971
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 129-270-23
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Hot Tub/Spa
Lot Features Level
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Natural Gas,Gas,Hot Water
Financial
Annual Tax $2,890
HOA Fee $625 / Monthly
HOA / Community Canopy Properties
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$35K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$274
Occupancy
45%
Cap Rate
1.6%

STR Investment Summary — 702 College Drive #85, Incline Village

Est. Gross Annual Revenue
$35K – $55K
typically ~$45,000
Avg Nightly Rate
$274
Projected Occupancy
45.0%
Cap Rate
1.6%
Structural Score: 52 / 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

$1,500 – $2,300/yr
about $158/mo
Est. Rebuild Cost (Coverage A)
$451,200

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

$6,581 per month
Principal & interest
$5,557/mo
Property taxes
$241/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$625/mo
From MLS listing data.
Home insurance
$158/mo
Estimated ~$1,500–$2,300/yr — get a local broker quote for accuracy.
Down payment
20% ($219,800)
Home price
$1,099,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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