$698,000 Active
321 Ski Way #105
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Mountain Shadows HOA allows short-term rentals.
3 Beds
·
2.5 Baths
·
1,360 Sq Ft
Virtual Tour

About This Property

Cozy Mountain style Retreat perfectly positioned on the free shuttle route to Diamond Peak Ski Resort w a short 10-15 min walk to the Beaches, perfect as an STR, 1031 Exchange or 2nd home. Step inside the open-concept great rm featuring soaring wood-beamed ceilings, abundant natural light, newer Milgaard interior dual pane windows, 2 skylights equipped w automatic rain sensors that open for fresh mountain air & close at the first sign of rain. All three bedrooms are thoughtfully located on the main level, offering a spacious primary bedroom suite, 2 secondary bedrooms that share a full bath with a shower over the tub, providing a functional & convenient floor plan. Special features: Interior bldgs are all electric at Mtn Shadows, this unit has naural gas hookups & electric, a gas log fireplace, gas BBQ conn., plumbed for gas hot water heater, & kitchen stove! Call easy to show by Apptmt. Contractor bid avail. for upgrades to the kitchen & baths to make this your own now or over time

Listed by Bonnie Glennon — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019029
Days on Market 45
Price/Sq Ft $513

Property History

Jul 06, 2026
Listed for sale
$698,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 1993 · county record $125,000 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 3
Baths 2.5
Sq. Ft. 1,360
Stories 2
Year Built 1970
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 126-120-11
Parking
Parking Features Open,See Remarks
Exterior & Lot
Exterior Features Deck,Rain Gutters
Lot Features Cul-De-Sac,Backs to Greenbelt/Park,Level
View Trees/Woods
Construction Frame,Shingle Siding
Roof Composition
Pool & Spa
Pool Heated,In Ground
Utilities & Systems
Heating Baseboard
Financial
Annual Tax $2,620
HOA Fee $725 / Monthly
HOA / Community Westward360
HOA & Community
Community Amenities Management,Pool,Sauna
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
53
PROJECTED GROSS ANNUAL REVENUE
$14K – $33K typically ~$23,239
~$1,937 per month
Avg Nightly
$141
Occupancy
45%
Cap Rate
1.3%

STR Investment Summary — 321 Ski Way #105, Incline Village

Est. Gross Annual Revenue
$14K – $33K
typically ~$23,239
Avg Nightly Rate
$141
Projected Occupancy
45.0%
Cap Rate
1.3%
Structural Score: 53 / 100 (Standard) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (190 comparable 3-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
599 sq ft covered of 8 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
840 sq ft
Allowed Coverage
8 sq ft · 1%
Existing Coverage
599 sq ft · 71%
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% ($139,600)
Home price
$698,000
Loan details
30-yr fixed, 6.5%
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