$2,000,000 Active Under Contract
1028 Apollo Way
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
3.5 Baths
·
3,230 Sq Ft

About This Property

Welcome to your Tahoe mountain retreat in Incline Village. Perfectly positioned against Forest Service land with serene filtered lake views and incredible sunsets, this 5-bedroom home offers privacy, adventure, and fantastic short-term rental potential. The remodeled kitchen features beautiful granite countertops, high-end cabinetry, and luxury stainless steel appliances—ideal for entertaining. The expansive primary suite is conveniently located on the main living level, offering comfort and ease. Enjoy a bright lakeview great room with vaulted ceilings and a beautiful fireplace, a cozy family room also with a second fireplace, and flexible spaces for an office or studio. Step outside to explore nearby hiking, biking, and snowshoeing trails, or take advantage of Incline Village’s resident amenities including two private beaches, a recreation center, golf courses, and Diamond Peak Ski Resort. A rare Tahoe opportunity combining location, updates, and income potential.

Listed by Cole Mizak — Compass

Listing Details

Status Active Under Contract
MLS # 1018539
Days on Market 83
Price/Sq Ft $619

Property History

Oct 28, 2025
Listed for sale
$2,000,000
Current
Pending
$2,000,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 3,230
Lot Size 0.52 acres
Stories 3
Year Built 1973
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-432-01
Parking
Garage Spaces 2
Parking Features Attached,Door-Multi,Front Entry,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
View Lake,Mountain(s),Trees/Woods
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s)
Financial
Annual Tax $6,893
📊

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 — 1028 Apollo Way, Incline Village

Est. Annual Revenue
$88,523
Avg Nightly Rate
$1018
Projected Occupancy
23.9%
Cap Rate
1.8%
Structural Score: 62 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($400,000)
Home price
$2,000,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
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Email 9166671444

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