$1,500,000 $1,550,000 ↓ $50,000 reduced Active
123 Juanita Drive #21
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Forest Pines HOA allows short-term rentals.
4 Beds
·
2.0 Baths
·
1,525 Sq Ft

About This Property

Whether you're looking for a full-time residence, vacation retreat or investment opportunity, this rare 4-bedroom Forest Pines condo offers the space, location & flexibility that are so difficult to find. Surrounded by towering pines in the heart of Incline Village, you'll enjoy walking to Incline's private beaches, Lakeshore Blvd, restaurants, coffee shops & countless nearby amenities while the East Shore Trail offers spectacular access to Tahoe's shoreline. The bright inviting interior captures classic Tahoe warmth with comfortable gathering spaces designed for relaxing after a day on the lake or the slopes. A spacious flex room serves as the 4th bedroom but also works beautifully as a media room, office or additional living area with the option to easily enclose it for privacy. Rarely available, this is an exceptional opportunity to own one of Forest Pines' coveted 4-bedroom residences where mountain charm, everyday convenience & year-round recreation come together in every season.

Listed by Mary Kleingartner — Compass

Listing Details

Status Active
MLS # 1018922
Days on Market 77
Price/Sq Ft $984

Property History

May 27, 2026
Listed for sale
$1,500,000
Jul 07, 2026
Price changed
$1,500,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2023 · county record $999,000 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 4
Baths 2.0
Sq. Ft. 1,525
Stories 2
Year Built 1971
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 127-300-80
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Lot Features Level
View Trees/Woods
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $3,711
HOA Fee $800 / Monthly
HOA & Community
Community Amenities Clubhouse,Pool,Sauna,Spa/Hot Tub
📊

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 — 123 Juanita Drive #21, Incline Village

Est. Annual Revenue
$41,617
Avg Nightly Rate
$232
Projected Occupancy
48.9%
Cap Rate
1.1%
Structural Score: 53 / 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
908 sq ft covered of 307 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,023 sq ft
Allowed Coverage
307 sq ft · 30%
Existing Coverage
908 sq ft · 89%
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% ($300,000)
Home price
$1,500,000
Loan details
30-yr fixed, 6.5%
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