$1,185,000 Active
998 Driver Way #2
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,370 Sq Ft
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About This Property

Creekside setting! Stunning mountain-modern condo with spacious deck overlooking year-around creek. Open floor plan is perfect for entertaining friends and family. Living room features stone gas log fireplace, wet bar and access to deck. Kitchen is open to dining area/living room and features stainless steel appliances, quartz countertops, breakfast bar and access to second deck that is perfect for BBQ! Primary bedroom overlooks creekside setting and features double-sink vanity, natural stone shower/tub and walk-in closet. New furnace and water heater installed in 2025. Convenient storage closet at front entry for skis and outdoor gear, and assigned covered parking. Nestled in the Championship Golf Course Subdivision with easy access to recreational amenities. A pleasure to show!

Listed by Kristi Thordarson — Sierra Sotheby's International

Listing Details

Status Active
MLS # 1018932
Days on Market 46
Price/Sq Ft $865

Property History

Jun 07, 2026
Listed for sale
$1,185,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,370
Stories 2
Year Built 1979
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 131-060-02
Parking
Parking Features Carport
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Creek/Stream,Trees/Woods
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $3,342
HOA Fee $400 / Monthly
HOA / Community Pine Creek HOA
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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 — 998 Driver Way #2, Incline Village

Est. Annual Revenue
$39,131
Avg Nightly Rate
$204
Projected Occupancy
52.5%
Cap Rate
1.3%
Structural Score: 59 / 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
675 sq ft covered of 323 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,076 sq ft
Allowed Coverage
323 sq ft · 30%
Existing Coverage
675 sq ft · 63%
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% ($237,000)
Home price
$1,185,000
Loan details
30-yr fixed, 6.5%
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