$875,000 $887,000 ↓ $12,000 reduced Active
321 Ski Way #197
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
·
1,512 Sq Ft

Our data on this home

About This Property

Comfortably remodeled condo that feels like home. Enter the living room with gas insert fireplace tucked into a warm tile facade. New LVP flooring with carpet on the stairs, the loft and bedrooms. Granite counter tops and new pantry cabinets in the kitchen with newer appliances. Primary suite has a new vanity cabinet, dual sinks, granite counter top, full length mirror, lighting and then drift easily into your large walk-in shower. The lower bedroom has been partially converted into a walk-in closet giving you ample storage for all your clothes. The loft/office/bedroom looks down to the great living space below and the enchanting forest beyond. Two skylights add warmth and light to the whole area. New paint on the beams adds texture and color to a once drab ceiling. New toilets throughout and cabinets in the guest baths.

Listed by Bruce Simonian — eXp Realty

Listing Details

Status Active
MLS # 1016887
Days on Market 638
Price/Sq Ft $579

Property History

Jan 25, 2025
Listed for sale
$887,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 1993 · county record $131,500 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. 1,512
Stories 3
Year Built 1971
Property Type Condominium
Style Traditional
County Washoe
STR Jurisdiction Washoe County
APN 126-152-03
Parking
Parking Features No Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Deck,Rain Gutters
Lot Features Sloped,Wooded
View Trees/Woods
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Natural Gas,Forced Air,Floor Furnace,Gas,Wall Furnace
Financial
Annual Tax $2,010
HOA Fee $725 / Monthly
HOA / Community Nevada Community Mgt
HOA & Community
Community Amenities Pool,Sauna,Spa/Hot Tub
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$30K – $50K typically ~$40,000
~$3,333 per month
Avg Nightly
$244
Occupancy
45%
Cap Rate
1.8%

STR Investment Summary — 321 Ski Way #197, Incline Village

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$244
Projected Occupancy
45.0%
Cap Rate
1.8%
Structural Score: 52 / 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

$1,500 – $2,300/yr
about $158/mo
Est. Rebuild Cost (Coverage A)
$453,600

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

$5,475 per month
Principal & interest
$4,424/mo
Property taxes
$168/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
$158/mo
Estimated ~$1,500–$2,300/yr — get a local broker quote for accuracy.
Down payment
20% ($175,000)
Home price
$875,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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