$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

About This Property

COMING SOON! Beautifully situated 3-bedroom, 2.5-bath townhome-style condominium nestled at the back of a quiet, private cul-de-sac in the desirable Mountain Shadows community. Offering the perfect blend of mountain charm, comfort, and convenience, this inviting residence is ideal as a primary home, vacation getaway, or investment property, bring your vision and make it your own. Step inside to an open-concept great room featuring soaring wood-beamed ceilings, abundant natural light, and two skylights equipped with automatic rain sensors that open for fresh mountain air and close at the first sign of rain. The spacious living area creates a warm and welcoming atmosphere, perfect for entertaining or relaxing after a day on the slopes or the lake. All three bedrooms are thoughtfully located on the main level, providing a functional and convenient floor plan for family and guests alike. Ownership includes Full Incline Village privileges, granting access to the community's exclusive private beaches, championship golf courses, recreation center, tennis and pickleball facilities, and resident-only amenities. Even better, short-term rentals are permitted, offering excellent flexibility and income potential. Located on the free shuttle route to Diamond Peak world-class skiing, Lake Tahoe, hiking and biking trails, shopping, and dining, this exceptional mountain retreat delivers the very best of the Incline Village lifestyle.

Listed by Bonnie Glennon — Coldwell Banker Select Reno

Listing Details

Status Active
MLS # 260008563
Price/Sq Ft $513

Property History

Jul 04, 2026
Listed for sale
$698,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,360
Stories 2
Year Built 1970
Property Type Condominium
Subdivision Mountain Shadows Incline 4
County Washoe
STR Jurisdiction Washoe County
APN 126-120-11
Parking
Total Parking 2
Parking Features Permit Required
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Gentle Sloping, Level, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View Trees/Woods
Roof Composition, Pitched
Foundation Crawl Space, Pillar/Post/Pier, Raised
Utilities & Systems
Heating Baseboard, Electric
Financial
Annual Tax $2,620
HOA Fee $725 / Monthly
HOA / Community Mountain Shadows of Incline
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Landscaping, Parking, Pool, Sauna, Shuttle Service, Storage
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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 — 321 Ski Way #105, Incline Village

Est. Annual Revenue
$49,022
Avg Nightly Rate
$360
Projected Occupancy
36.4%
Cap Rate
2.8%
Structural Score: 51 / 100 (Standard) · STR Zone: Green

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
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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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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