$625,000 Active Under Contract
702 College Drive #79
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
1.5 Baths
·
1,312 Sq Ft
Virtual Tour

About This Property

Surrounded by towering pines and filled with warm mountain character, this 2-bedroom, 1.5-bath Incline Village condo captures the feel of classic Tahoe living. Vaulted wood-beam ceilings, expansive windows, rich wood accents, and a cozy fireplace create an inviting space full of warmth and potential. Natural light fills the open living area while the spacious deck offers a peaceful setting to relax among the trees. The kitchen features granite countertops and ample cabinet space, while the functional layout works well for full-time living, weekend escapes, or investment potential. Located in the heart of Incline Village, you’re minutes from beaches, golf courses, restaurants, shopping, hiking trails, and world-class skiing. Opportunities to own in Incline at this price point are becoming harder to find. If you’ve been searching for authentic Tahoe charm, value, and a mountain retreat ready to enjoy today with room to make it your own, this is it. Book a private showing today.

Listed by Kristen Pepin — Sun Bear Realty And Management

Listing Details

Status Active Under Contract
MLS # 1018846
Days on Market 83
Price/Sq Ft $476

Property History

May 14, 2026
Listed for sale
$625,000
Jul 26, 2026
Pending
$625,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,312
Lot Size 0.00 acres
Stories 2
Year Built 1970
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 129-270-17
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Trees/Woods
Construction Frame
Roof Composition
Utilities & Systems
Heating Baseboard,Electric
Financial
Annual Tax $2,844
HOA Fee $625 / Monthly
HOA / Community Canopy
📊

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 — 702 College Drive #79, Incline Village

Est. Annual Revenue
$37,510
Avg Nightly Rate
$194
Projected Occupancy
52.9%
Cap Rate
2.4%
Structural Score: 52 / 100 (Standard) · 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
621 sq ft covered of 243 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,215 sq ft
Allowed Coverage
243 sq ft · 20%
Existing Coverage
621 sq ft · 51%
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% ($125,000)
Home price
$625,000
Loan details
30-yr fixed, 6.5%
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