$689,000 Active
321 Ski Way #23
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
·
1,280 Sq Ft

About This Property

Rare forested end unit in Mountain Shadows with a private side paver patio opening onto a tranquil greenbelt and open space — ground-level outdoor living instead of the usual elevated deck with hot tub. Private entrance, parking right in front, and two storage sheds for skis, bikes, and Tahoe gear. Big-ticket items are done: newer roof, windows, slider, flooring, and appliances, plus a new gas log fireplace. The rest is cosmetic — finish to your taste and build equity where remodeled units trade higher. HOA dues include Spectrum internet, Wi-Fi, and streaming. Two community pools on site, and Mountain Shadows is one of the few Incline complexes still permitting short-term rentals. Diamond Peak is a half mile up the street via free winter shuttle; full IVGID privileges bring golf, three private beaches, and the rec center — all in tax-friendly Nevada.

Listed by Sabrina Belleci — Casa Tua

Listing Details

Status Active
MLS # 1019038
Days on Market 46
Price/Sq Ft $538

Property History

Jul 03, 2026
Listed for sale
$689,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2018 · county record $332,500 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. 1,280
Stories 2
Year Built 1969
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 126-090-23
Parking
Parking Features No Garage,Outside,Permit Required
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Patio
Lot Features Backs to Greenbelt/Park,No Backyard Grass,Sloped,Wooded
View Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Electric,Forced Air,Wall Furnace
Financial
Annual Tax $2,597
HOA Fee $725 / Monthly
HOA / Community West Ward 360
HOA & Community
Community Amenities Pool
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
51
PROJECTED GROSS ANNUAL REVENUE
$42K – $68K typically ~$31,513
~$2,626 per month
Avg Nightly
$192
Occupancy
45%
Cap Rate
1.8%

STR Investment Summary — 321 Ski Way #23, Incline Village

Est. Gross Annual Revenue
$42K – $68K
typically ~$31,513
Avg Nightly Rate
$192
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 51 / 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
604 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
800 sq ft
Allowed Coverage
8 sq ft · 1%
Existing Coverage
604 sq ft · 75%
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% ($137,800)
Home price
$689,000
Loan details
30-yr fixed, 6.5%
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