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    Mountain Home with Elevator Access Title is generated by Realmo AI

    661 Rosewood Circle, Incline Village, NV 89451

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    Claim this Listing
    For Sale
    Under Contract
    $3,150,000

    MULTI_FAMILY - Mountain - Incline Village, NV

    Property size:
    2,980 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $1,057/SF
    Added:
    Feb 18, 2026
    Days on Market:
    83
    Last Refresh:
    May 12 at 11:06 pm

    Property Features for 661 Rosewood Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Laundry Room, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Family Room, Bathroom 2, Bedroom 3
    Parking features
    Garage, Open
    Security features
    Security
    Patio and Porch features
    Deck
    Interior features
    BreakfastBar, Elevator, HighCeilings, KitchenFamilyRoomCombo, StoneCounters, RecessedLighting, SteamShower, UtilityRoom, WalkInClosets, WiredForSound, WindowTreatments, WalkInPantry
    Exterior features
    Deck, Landscaping
    Fireplace
    1
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dryer, Dishwasher, Disposal, GasOven, GasRange, Microwave, Refrigerator, WineRefrigerator, Washer
    Standard status
    Active Under Contract
    APN
    129-071-05
    Size
    2,980 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Description
    INCLINE CREEK ESTATES PHASE 2 LOT 63
    Tax Annual Amount
    19392

    Utilities

    Heating system
    Radiant Floor, Radiant, Natural Gas, Hot Water(Heating)
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    2017
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Mountain

    We can help!

    Listing Contact
    M Trevor Smith

    Listing agent M Trevor Smith License #BS.33753

    Listing office Coldwell Banker Select 931 Tahoe Blvd Suite 1A, Incline Village, NV

    Listing date Feb 18, 2026

    MLS# 1018677 Listing URL

    Copyright © 2026 Incline Village Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Elevator access and gated entry provide security and convenience.
    • High‑end finishes throughout, including DuChateau flooring and quartz countertops.
    • Creek‑side deck offers a peaceful setting with the sound of water.
    • Open great room floor plan with high ceilings and a linear gas fireplace.
    • Primary suite features a sitting area, steam shower, and soaking tub.
    • In‑floor gas radiant heat throughout the home.

    Overview

    This elegant mountain modern home, enhanced by elevator and gated access, is nestled among the trees overlooking Rosewood Creek. The property features high-end finishes, including DuChateau flooring in the great room, primary suite, stairs, and hallways. The open great room floor plan includes high ceilings, a linear gas fireplace, and a generous dining area. The kitchen, breakfast bar, and baths feature quartz countertops. A spacious deck overlooks the creek, providing a setting for entertaining or relaxation with the sound of water. An 11-foot bar with a wine refrigerator creates a buffet space for gatherings, and the upper living area is air conditioned. The primary suite offers a sitting area, steam shower, and soaking tub. In-floor gas radiant heat is present throughout. The property, situated in Incline Village, NV, occupies a lot of approximately 0.0622 acres. The property size is 2980 square feet. The owner invested approximately $15,000 in improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Incline Village
    County
    Washoe
    State
    Nevada
    Longitude
    -119.953238
    Latitude
    39.261702

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    FAQs

    What type of property is this?
    Single family property - Elegant mountain modern home with creek views and high-end finishes.
    Where is this single family property located?
    The property is located at 661 Rosewood Circle Incline Village, NV.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: Elevator access and gated entry provide security and convenience.; High‑end finishes throughout, including **DuChateau flooring and quartz countertops.**; Creek‑side deck offers a **peaceful setting with the sound of water.**
    (775) 815-4836
    We can help!
    Listing Contact
    M Trevor Smith
    Real Estate License ID: BS.33753
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    661 Rosewood Circle, Incline Village, NV 89451
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