$2,750,000 Active
983 Apollo Way
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.5 Baths
·
2,560 Sq Ft
Virtual Tour

About This Property

Set along a quiet, low-traffic road & bordered by Forest Service land, this south-facing Incline Village mountain retreat enjoys exceptional year-round sun exposure with filtered lake & surrounding peak views. Recently renovated with mountain modern finishes, the 4-bedroom, 2.5-bath home features luxury laminate flooring, granite countertops, & updated wood siding. The flexible fourth bedroom functions perfectly as a den or office. Soaring open-beam ceilings & a dramatic wall of windows flood the living area with natural light & frame the forested setting. Two expansive decks invite peaceful summer evenings among the pines, while dual wood-burning fireplaces create a warm alpine atmosphere in winter. The primary suite offers a soaking tub/shower combo, & skylight for more natural light. Rare backup generator & attached two-car garage adds storage & everyday convenience. Enjoy full Incline Village amenities & Nevada tax advantages — ideal as a primary residence or vacation escape.

Listed by Grant Meyer — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019116
Days on Market 1
Price/Sq Ft $1,074

Property History

Aug 10, 2026
Listed for sale
$2,750,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2021 · county record $2,601,000 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 4
Baths 2.5
Sq. Ft. 2,560
Lot Size 0.35 acres
Stories 2
Year Built 1983
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-441-12
Parking
Garage Spaces 2
Parking Features Attached,Garage,Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Sloped,Wooded
View Lake,Mountain(s),Trees/Woods
Roof Composition
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $7,809
📊

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 — 983 Apollo Way, Incline Village

Est. Annual Revenue
$48,825
Avg Nightly Rate
$281
Projected Occupancy
47.8%
Cap Rate
0.7%
Structural Score: 69 / 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
3,220 sq ft covered of 145 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
14,465 sq ft
Allowed Coverage
145 sq ft · 1%
Existing Coverage
3,220 sq ft · 22%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a
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% ($550,000)
Home price
$2,750,000
Loan details
30-yr fixed, 6.5%
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