$2,025,000 Active
988 Wander 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
·
3.0 Baths
·
2,192 Sq Ft
Virtual Tour

About This Property

Lakeviews and Tahoe setting creekside.Tucked into the peaceful Apollo Subdivision, this classic Tahoe cabin delivers the mountain living experience you've been searching for. Filtered lake views and the soothing sounds of a year-round creek set the scene, while knotty pine interiors bring that timeless cabin warmth inside. The sunny, southern-facing deck is a great place to relax.Main level living for primary rooms. The oversized two-car garage offers more than just parking — a dedicated workspace and generous storage area make it ideal for gear, projects, and all your mountain toys. Peace and quiet are a highlight here, with an adjacent Forest Service lot to the east ensuring your serene surroundings stay that way. Recent defensible space work has already been completed. Easy access to Mount Rose Highway means you're well-connected to Reno, the slopes, and everything the region has to offer — without sacrificing the quiet and secluded feel that makes this neighborhood so special.

Listed by Kerry Donovan — Chase International

Listing Details

Status Active
MLS # 1018781
Price/Sq Ft $924

Property History

Apr 28, 2026
Listed for sale
$2,025,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,192
Lot Size 0.27 acres
Stories 3
Year Built 1980
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 125-441-05
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Level
View Lake,Mountain(s),Creek/Stream
Roof Composition
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $6,824
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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 — 988 Wander Way, Incline Village

Est. Annual Revenue
$74,294
Avg Nightly Rate
$761
Projected Occupancy
27.1%
Cap Rate
1.5%
Structural Score: 74 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Incline Village. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($405,000)
Home price
$2,025,000
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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