$899,000 $1,200,000 ↓ $301,000 reduced Active
971 Fairway #1
Incline Village, NV 89451
✗ STR Not Allowed
Washoe County has no STR permit caps, but Incline Villas HOA does not allow short-term rentals.
3 Beds
·
3.0 Baths
·
1,584 Sq Ft

About This Property

Live at Lake Tahoe's Championship Golf Course! This unique and small complex offers quiet, luxurious living with a private pool. This is a two-story, front-end unit that offers 3 bedrooms, 3 full baths to accommodate all your friends and family. The upstairs level has an open concept kitchen, living and dining area with a slider to the upstairs deck, light and bright with fireplace. There is one bedroom with a full bath and laundry on this for one level living. The entry level has the primary with a grand fireplace, slider to a private deck, tons of closet space and a large bathroom with double sinks. Also on this level is an additional bedroom with a walk-in closet and full bathroom. This complex is situated next to the Championship Golf Course “Chateau” which is known for its restaurant, golf clubhouse, private event facilities, driving range and much more.

Listed by Sandra Haupt — Elite Properties

Listing Details

Status Active
MLS # 1018786
Days on Market 124
Price/Sq Ft $568

Property History

Apr 22, 2026
Listed for sale
$1,200,000
Jul 14, 2026
Price reduced
$899,000 $999,000 ↓ $100,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2007 · county record $570,000 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 3
Baths 3.0
Sq. Ft. 1,584
Stories 2
Year Built 1971
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 131-270-01
Parking
Parking Features Assigned,No Garage
Attached Garage Yes
Exterior & Lot
Lot Features Level
View Golf Course,Mountain(s),Trees/Woods
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Financial
Annual Tax $3,113
HOA Fee $900 / Monthly
HOA / Community IPM
HOA & Community
Community Amenities Pool
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
47
PROJECTED GROSS ANNUAL REVENUE
$12K – $29K typically ~$20,583
~$1,715 per month
Avg Nightly
$125
Occupancy
45%
Cap Rate
0.9%

STR Investment Summary — 971 Fairway #1, Incline Village

No revenue projection. This HOA does not allow short-term rentals.
Est. Gross Annual Revenue
$12K – $29K
typically ~$20,583
Avg Nightly Rate
$125
Projected Occupancy
45.0%
Cap Rate
0.9%
Structural Score: 47 / 100 (Standard) · STR Zone: Red

Nightly rates and occupancy from Incline Village market data (190 comparable 3-bedroom rentals, 2026-08); 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
765 sq ft covered of 229 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
765 sq ft
Allowed Coverage
229 sq ft · 30%
Existing Coverage
765 sq ft · 100%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
6
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% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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