$1,025,000 Active Under Contract
929 Northwood Boulevard #114
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Third Creek HOA allows short-term rentals.
2 Beds
·
2.0 Baths
·
1,512 Sq Ft

About This Property

Escape the everyday in this inviting 2-bedroom, 2-bath Lake Tahoe condo with the warmth and charm you'd expect from this beloved mountain destination. Nestled in a gated community, this two-story retreat offers the perfect blend of cozy character and everyday convenience. The main level welcomes you with a comfortable bedroom, full bath, and a generous walk-in closet, ideal as a private guest suite or serene primary retreat. Head upstairs and you'll find the heart of the home: a warm living room anchored by a cozy fireplace, a well-appointed kitchen, and a second bedroom with its own full bath and walk-in closet. Step through the sliding glass door off the living room onto your private deck, the perfect spot for morning coffee or an evening unwind. The attached one-car garage adds everyday practicality, while the gated community provides peace of mind and a true sense of neighborhood. When you need to restock the pantry, it couldn't be easier, as a private gate leads directly into Raley's parking lot, making grocery runs effortless. Community amenities bring resort-style living to your backyard, with a sparkling swimming pool, relaxing hot tub, and a clubhouse for gathering with neighbors. Whether you're looking for a full-time residence or a mountain getaway, this charming Lake Tahoe condo delivers that rare cozy warmth with the convenience of nearby shopping and amenities. Short Term Rentals are allowed in this complex.

Listed by Annette Junell — Keller Williams Group One Inc.

Listing Details

Status Active Under Contract
MLS # 260004219
Days on Market 107
Price/Sq Ft $678

Property History

Apr 09, 2026
Listed for sale
$1,025,000
Current
Pending
$1,025,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 1992 · county record $183,692 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 2
Baths 2.0
Sq. Ft. 1,512
Stories 2
Year Built 1992
Property Type Condominium
Subdivision Third Creek
County Washoe
STR Jurisdiction Washoe County
APN 132-064-22
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Common Area, Sprinklers In Front
View Trees/Woods
Roof Composition
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Baseboard, Natural Gas
Financial
Annual Tax $5,255
HOA Fee $760 / Monthly
HOA / Community Third Creek Condominiums
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Landscaping, Parking, Pool, Recreation Room, Sauna, Spa/Hot Tub, Tennis Court(s)
📊

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 — 929 Northwood Boulevard #114, Incline Village

Est. Annual Revenue
$38,230
Avg Nightly Rate
$200
Projected Occupancy
52.3%
Cap Rate
1.5%
Structural Score: 59 / 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
965 sq ft covered of 300 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,000 sq ft
Allowed Coverage
300 sq ft · 30%
Existing Coverage
965 sq ft · 96%
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. 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% ($205,000)
Home price
$1,025,000
Loan details
30-yr fixed, 6.5%
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