$799,000 Active
321 Ski Way #UNIT 187
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Mountain Shadows HOA allows short-term rentals.
4 Beds
·
2.5 Baths
·
1,782 Sq Ft
Virtual Tour

About This Property

Spacious and inviting, this 4-bedroom, 2.5-bath Mountain Shadows condo offers the perfect blend of comfort, convenience, and the Incline Village lifestyle. The versatile fourth bedroom is a loft, ideal for a home office, guest quarters, media room, or additional flex space. Soaring ceilings, two skylights, and an open floor plan fill the home with abundant natural light, creating a bright and welcoming atmosphere that's perfect for everyday living and entertaining. Enjoy the convenience of a covered carport with private storage and a central location offering easy access to shopping, dining, parks, and year-round recreation. Mountain Shadows residents enjoy two community pools during the summer months. As an Incline Village property owner, you'll also have access to private beaches, championship golf courses, Diamond Peak Ski Resort, tennis and pickleball courts, fitness facilities, scenic hiking and biking trails, and countless outdoor activities every season.

Listed by Grant Meyer — Coldwell Banker Select Incline

Listing Details

Status Active
MLS # 260009605
Price/Sq Ft $448

Property History

Jul 25, 2026
Listed for sale
$799,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 1,782
Stories 2
Year Built 1971
Property Type Condominium
Subdivision Mountain Shadows Incline 7
County Washoe
STR Jurisdiction Washoe County
APN 126-151-29
Parking
Total Parking 2
Parking Features Carport
Exterior & Lot
Exterior Features None
Lot Features Wooded
View Trees/Woods
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $3,317
HOA Fee $725 / Monthly
HOA / Community Mountain Shadows Homeowners Association
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Landscaping, Pool
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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 #UNIT 187, Incline Village

Est. Annual Revenue
$42,769
Avg Nightly Rate
$240
Projected Occupancy
48.9%
Cap Rate
2.1%
Structural Score: 56 / 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
652 sq ft covered of 9 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
900 sq ft
Allowed Coverage
9 sq ft · 1%
Existing Coverage
652 sq ft · 72%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
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