$949,000 $1,099,500 ↓ $150,500 reduced Active
931 Incline Way #UNIT 249
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Incline Way unit Owners HOA allows short-term rentals.
2 Beds
·
2.0 Baths
·
1,111 Sq Ft
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About This Property

This beautifully located, well priced, upstairs two bedroom condominium at McCloud is situated in a cluster close to Incline’s Recreation Center, the Bowling Alley, the Hyatt Regency Resort, Restaurants, Starbucks, Shopping and Incline Beaches. This Tahoe Retreat is nicely furnished and move in ready with new custom laminate flooring, an upgraded kitchen with oversized stainless-steel sink and new fixtures, two shiny clean baths, two bedrooms, and a cozy welcoming living room with fireplace., You will love the high ceilings and access to a private peaceful deck that overlooks lush green open space and green belted areas. Situated near the Spa area of the cluster it is welcoming both Winter and Summer. There is a spacious one car garage in good proximity to the Condominium. Garages are assigned to owners, and they can be modified on the interior. Garage Doors are the responsibility of the owner. McCloud is a well managed property with beautiful landscaping and careful attention to the property by the HOA. This property enjoys all of the advantages and privileges of Incline Village Home Ownership.

Listed by Ina Haupt — Premier Properties of Lk Tahoe

Listing Details

Status Active
MLS # 240010849
Days on Market 719
Price/Sq Ft $854

Property History

Aug 23, 2024
Listed for sale
$949,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 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.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,111
Stories 1
Year Built 1989
Property Type Condominium
Subdivision Mccloud Condominiums
County Washoe
STR Jurisdiction Washoe County
APN 127-078-26
Parking
Garage Spaces 1
Total Parking 1
Parking Features Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Common Area, Gentle Sloping, Greenbelt, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Park/Greenbelt, Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Full Perimeter
Utilities & Systems
Heating Baseboard, Fireplace(s), Hot Water, Natural Gas
Financial
Annual Tax $5,343
HOA Fee $1,123 / Monthly
HOA / Community IPM
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Landscaping, Parking, Sauna, Spa/Hot Tub
📊

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 — 931 Incline Way #UNIT 249, Incline Village

Est. Annual Revenue
$41,115
Avg Nightly Rate
$219
Projected Occupancy
51.5%
Cap Rate
1.7%
Structural Score: 66 / 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

Room to build
221 sq ft covered of 294 sq ft allowed
74 sq ft of coverage still available to add.
Parcel Size
980 sq ft
Allowed Coverage
294 sq ft · 30%
Existing Coverage
221 sq ft · 23%
Addable Coverage
74 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% ($189,800)
Home price
$949,000
Loan details
30-yr fixed, 6.5%
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