$2,650,000 $2,795,000 ↓ $145,000 reduced Active
697 Tumbleweed Circle
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,304 Sq Ft
Virtual Tour

About This Property

This new 2024 construction home showcases the highly sought-after "Tahoe Modern" design. The spacious great room features vaulted ceilings, a generous dining area and stunning kitchen complete with a large island, quartzite countertops and custom cabinetry. The main living level offers a luxurious primary suite with a spa inspired bath featuring a freestanding soaking tub, separate shower and heated floor. An additional guest bedroom and beautifully appointed guest ath are also located on the main level. The lower level provides a separate living area along with two additional guest bedrooms and another beautifully finished bathroom with custom tile and heated floors. A striking spiral staircase leads to the rooftop deck where you can enjoy beautiful views of Lake Tahoe. Additional highlights include central A/C, a whole house generator, Ipe decking and a fully fenced yard.

Listed by Pamela Fernandez — Lakeshore Realty

Listing Details

Status Active
MLS # 1018884
Days on Market 72
Price/Sq Ft $1,150

Property History

May 15, 2026
Listed for sale
$2,650,000
Jul 19, 2026
Price changed
$2,650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2025 $2,650,000 Leila KuelperMountain Luxury Properties Pamela FernandezLakeshore 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.

Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,304
Lot Size 0.20 acres
Stories 2
Year Built 2024
Property Type Single Family Residence
Style Contemporary
County Washoe
STR Jurisdiction Washoe County
APN 125-502-09
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fence
Lot Features Level
View Lake
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $15,436
📊

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 — 697 Tumbleweed Circle, Incline Village

Est. Annual Revenue
$47,387
Avg Nightly Rate
$271
Projected Occupancy
47.8%
Cap Rate
0.7%
Structural Score: 58 / 100 (Premium) · STR Zone: Green

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 424 sq ft allowed
424 sq ft of coverage still available to add.
Parcel Size
8,486 sq ft
Allowed Coverage
424 sq ft · 5%
Existing Coverage
0 sq ft · 0%
Addable Coverage
424 sq ft
IPES Score
690.0

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($530,000)
Home price
$2,650,000
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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