$3,550,000 Pending
501 Lakeshore Boulevard #33
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Lakeshore Terrace HOA allows short-term rentals.
3 Beds
·
3.5 Baths
·
1,944 Sq Ft
Virtual Tour

About This Property

Rarely available end-unit townhome in the coveted gated lakefront community of Lakeshore Terrace. Nestled beside a serene creek and offering panoramic views of Lake Tahoe, this 3-bedroom, 3.5-bath residence features approximately 1,944 square feet of living space, a spacious 2-car garage, and a prime location within one of Incline Village's most desirable waterfront communities. Expansive windows and outdoor living spaces capture stunning lake and mountain views, while the end-unit setting provides added privacy and natural light. The property includes an HOA-assigned buoy for convenient boating access. Ideally situated across from the community clubhouse and private pier. Perfect for gathering with family and friends or enjoying a quiet morning overlooking the lake. Located minutes from Incline Village's golf courses, dining, shopping, hiking and biking trails, and world-class skiing.

Listed by Denise Bremer — Sierra Sotheby's International

Listing Details

Status Pending
MLS # 1019055
Days on Market 32
Price/Sq Ft $1,826

Property History

Jul 15, 2026
Listed for sale
$3,550,000
Jul 16, 2026
Pending
$3,550,000
Property Overview
Beds 3
Baths 3.5
Sq. Ft. 1,944
Stories 2
Year Built 1970
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 122-510-33
Parking
Garage Spaces 2
Parking Features Attached,Door-Multi,Front Entry,Garage,Two Car Garage,Gated,Private
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Dock,Landscaping,Patio,Rain Gutters
Lot Features Lake Front,Stream/Creek,Level
View Lake,Mountain(s),Panoramic,Creek/Stream
Construction Frame,Shingle Siding,Wood Siding
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $7,808
HOA Fee $2,400 / Quarterly
HOA / Community IPM
HOA & Community
Community Amenities Clubhouse,Controlled Access,Pier
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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 — 501 Lakeshore Boulevard #33, Incline Village

Est. Annual Revenue
$187,434
Avg Nightly Rate
$1602
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 68 / 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

Over coverage limit
1,723 sq ft covered of 349 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,744 sq ft
Allowed Coverage
349 sq ft · 20%
Existing Coverage
1,723 sq ft · 99%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗

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% ($710,000)
Home price
$3,550,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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