$685,000 Active
321 Ski Way Way #241
Incline Village, NV 89451

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✓ 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

Our data on this home

About This Property

This condo offers a smart, reverse floor plan that works perfectly for hosting or full-time living. Downstairs, you’ll find three bedrooms and two full bathrooms, keeping the sleeping quarters private and tucked away. Head upstairs to the mid century modern style main living area, where open beam vaulted ceilings give the space an airy, open feel. There’s a convenient half-bath and laundry room on this level too. The whole home has been refreshed with new laminate flooring and a fresh coat of paint. Plus, the complex features two pools and sauna for those afternoons when you just want to relax. Located within easy reach of Incline Village amenities, on the Diamond Peak shuttle route, and with short-term rentals allowed, this is a versatile spot whether you’re looking for a personal retreat or an investment property. Come check out Unit 241 and see how easy mountain living can be.

Listed by Madison Laurenzo — Compass

Listing Details

Status Active
MLS # 1019148
Days on Market 57
Price/Sq Ft $504

Property History

Aug 25, 2026
Listed for sale
$685,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2025 · county record $565,000 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
County Washoe
STR Jurisdiction Washoe County
APN 126-152-37
Parking
Parking Features No Garage,Open
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Trees/Woods
Construction Frame,Shingle Siding
Roof Composition
Utilities & Systems
Heating Baseboard
Financial
Annual Tax $3,043
HOA Fee $725 / Monthly
HOA / Community Westward 360
HOA & Community
Community Amenities 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
47
PROJECTED GROSS ANNUAL REVENUE
$30K – $50K typically ~$40,000
~$3,333 per month
Avg Nightly
$244
Occupancy
45%
Cap Rate
2.4%

STR Investment Summary — 321 Ski Way Way #241, Incline Village

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
2.4%
Structural Score: 47 / 100 (Standard) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (182 comparable 3-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

Standard homeowners policy for this home

$1,400 – $2,000/yr
about $142/mo
Est. Rebuild Cost (Coverage A)
$408,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$4,585 per month
Principal & interest
$3,464/mo
Property taxes
$254/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% ($137,000)
Home price
$685,000
Loan details
30-yr fixed, 6.5%
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