$735,000 Active
321 Ski Way #UNIT 248
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Mountain Shadows HOA allows short-term rentals.
📋 STR Permit on File
Washoe County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
3 Beds
·
2.5 Baths
·
1,360 Sq Ft

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About This Property

A place where Tahoe Living feels effortless. Updated, spacious, and ready for immediate enjoyment! This exceptional 3 bed/2.5 bath condo offers a rare floor plan, boasting two spacious private decks. Step inside to vibrant Tahoe decor and a fully furnished haven. The charm extends to the thoughtfully updated kitchen, bathroom vanities, and elegant wood flooring, creating a modern and cozy ambiance throughout. Natural light floods the living spaces, enhancing the warmth and inviting atmosphere. Whether you're savoring a morning coffee on one of your decks or hosting a gathering with friends, this condo offers the ideal blend of comfort and style. Just minutes from the local Diamond Peak Ski Resort as well as Incline's private beaches, this inviting condo is the perfect family vacation home and a first-time homebuyer's dream. This wonderful homeowners association also offers 2 private pools. Don't miss the opportunity to call this fully furnished condo your own.

Listed by Peg Augustus — Lakeshore Realty

Listing Details

Status Active
MLS # 260012881
Price/Sq Ft $540

Property History

Oct 08, 2026
Listed for sale
$735,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2021 · county record $750,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,360
Stories 2
Year Built 1971
Property Type Condominium
Subdivision Mountain Shadows Incline 7
County Washoe
STR Jurisdiction Washoe County
APN 126-153-16
Parking
Total Parking 2
Parking Features Permit Required
Exterior & Lot
Exterior Features None
Lot Features Other
Roof Composition
Foundation Crawl Space
Pool & Spa
Pool Fenced, In Ground, Outdoor Pool
Utilities & Systems
Heating Baseboard, Electric
Financial
Annual Tax $3,330
HOA Fee $725 / Monthly
HOA / Community Mountain Shadows HOA
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Pool
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
62
PROJECTED GROSS ANNUAL REVENUE
$30K – $55K typically ~$40,000
~$3,333 per month
Avg Nightly
$244
Occupancy
45%
Cap Rate
2.2%

STR Investment Summary — 321 Ski Way #UNIT 248, Incline Village

Est. Gross Annual Revenue
$30K – $55K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
2.2%
Structural Score: 62 / 100 (Premium) · 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
646 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
646 sq ft · 77%
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 ↗ How the Basin compares

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

$4,862 per month
Principal & interest
$3,717/mo
Property taxes
$278/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$725/mo
From MLS listing data.
Home insurance
$142/mo
Estimated ~$1,400–$2,000/yr — get a local broker quote for accuracy.
Down payment
20% ($147,000)
Home price
$735,000
Loan details
30-yr fixed, 6.5%
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