$1,850,000 Active
1008 Galaxy Way
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.5 Baths
·
2,254 Sq Ft
Virtual Tour

About This Property

Set among the trees near a year-round creek, this inviting 4-bedroom, 2.5-bath single-family home offers a blend of mountain charm and everyday functionality. The main level features new flooring throughout the kitchen, dining, and living areas. The updated kitchen showcases newer appliances and a stylish backsplash, while expansive windows fill the home with natural light and frame the surrounding greenery. Step outside to an expansive deck overlooking the creek and enjoy a level yard area ideal for outdoor living, entertaining, or relaxing. The fourth bedroom offers flexibility as a bedroom, office, or additional living space. A 2-car garage provides ample storage for Tahoe gear and daily needs. A great family home or investment opportunity, with short-term rental use. Enjoy all that Incline Village has to offer, including private beaches, Diamond Peak Ski Resort, golf, tennis and pickleball, hiking and mountain biking trails, and year-round recreation for year-round fun!

Listed by Grant Meyer — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019094
Price/Sq Ft $821

Property History

Aug 04, 2026
Listed for sale
$1,850,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2020 · county record $849,000 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 2.5
Sq. Ft. 2,254
Lot Size 0.20 acres
Stories 2
Year Built 1976
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-431-02
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Open Lot,Stream/Creek,Wooded
View Mountain(s),Creek/Stream,Trees/Woods
Roof Composition
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $6,265
📊

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 — 1008 Galaxy Way, Incline Village

Est. Annual Revenue
$48,983
Avg Nightly Rate
$280
Projected Occupancy
47.8%
Cap Rate
1.1%
Structural Score: 68 / 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
3,104 sq ft covered of 1,833 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
9,164 sq ft
Allowed Coverage
1,833 sq ft · 20%
Existing Coverage
3,104 sq ft · 34%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 4
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% ($370,000)
Home price
$1,850,000
Loan details
30-yr fixed, 6.5%
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