$1,425,000 $1,500,000 ↓ $75,000 reduced Active Under Contract
929 Northwood Boulevard #134
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Third Creek HOA allows short-term rentals.
3 Beds
·
2.5 Baths
·
1,846 Sq Ft
Virtual Tour

About This Property

Beautiful mountain retreat where Tahoe charm and natural beauty come together. Surrounded by serene forested open space and a year round creek, this condo offers a peaceful and private setting that captures the essence of Tahoe living. The spacious living room features high ceilings, hardwood floors, a warm gas fireplace, and large windows that fill the space with natural light while framing tranquil forest views. A private deck provides the perfect place to relax and enjoy the surroundings. The kitchen offers stainless steel appliances and flows easily into the dining area, creating a welcoming space for everyday living and entertaining. With 3 bedrooms, 2.5 bathrooms, and a comfortable layout, the home includes a spacious primary bedroom suite with walk-in closet and en-suite bath. Located in the beautiful Third Creek Townhome complex with pool, spa, tennis, pickleball, clubhouse, and easy access to beaches, golf, skiing, and dining.

Listed by Victoria Popescu — Lakeshore Realty

Listing Details

Status Active Under Contract
MLS # 1018721
Days on Market 155
Price/Sq Ft $772

Property History

Mar 17, 2026
Listed for sale
$1,500,000
Aug 03, 2026
Price reduced
$1,425,000 $1,500,000 ↓ $75,000
Aug 11, 2026
Pending
$1,425,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2005 · county record $775,000 Deed record — brokerage sides not reported

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 3
Baths 2.5
Sq. Ft. 1,846
Stories 2
Year Built 1992
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 132-065-07
Parking
Garage Spaces 1
Parking Features Attached,Garage,One Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Mountain(s),Creek/Stream,Trees/Woods
Roof Composition
Utilities & Systems
Heating Baseboard,Hot Water
Financial
Annual Tax $5,109
HOA Fee $782 / Monthly
HOA / Community IPM
HOA & Community
Community Amenities Clubhouse,Fitness Center,Pool,Sauna,Spa/Hot Tub,Tennis Court(s)
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
57
PROJECTED GROSS ANNUAL REVENUE
$22K – $40K typically ~$30,921
~$2,577 per month
Avg Nightly
$188
Occupancy
45%
Cap Rate
0.9%

STR Investment Summary — 929 Northwood Boulevard #134, Incline Village

Est. Gross Annual Revenue
$22K – $40K
typically ~$30,921
Avg Nightly Rate
$188
Projected Occupancy
45.0%
Cap Rate
0.9%
Structural Score: 57 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-bedroom rentals, 2026-08); 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,306 sq ft covered of 531 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,769 sq ft
Allowed Coverage
531 sq ft · 30%
Existing Coverage
1,306 sq ft · 74%
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% ($285,000)
Home price
$1,425,000
Loan details
30-yr fixed, 6.5%
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