$4,500,000 Active
255 Glen Way
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. North lake Lodges & Villas HOA allows short-term rentals.
4 Beds
·
4.5 Baths
·
4,132 Sq Ft

About This Property

Rare furnished offering in The Glen, a private gated community in Incline Village, NV. This well-appointed residence features 4 en-suite bedrooms, including two spacious primary suites with spa tubs and a steam shower. Separate living and family rooms provide flexible gathering spaces, with custom cabinetry, granite counters, wet bar, and dining/entertaining area. The kitchen includes a custom bay window, and the home offers a 700-bottle climate-controlled wine cellar, guest powder room, ceiling speakers, and upgraded cabinetry throughout. Designed for year-round Tahoe comfort, it features AC, in-floor hydronic radiant heat and a brand-new boiler installed April 2025. The mud room includes cabinetry and a sink for post-adventure cleanup. Enjoy a private back patio, plus an attached 3-car garage with utility cabinets, built-in shelving, and a 10’ x 25’ overhead storage area with ladder access and electric lift. A rare luxury mountain retreat in a coveted Lake Tahoe setting.

Listed by Benjamin Cary — Incline Vacation Rentals

Listing Details

Status Active
MLS # 1018983
Days on Market 1
Price/Sq Ft $1,089

Property History

Jun 16, 2026
Listed for sale
$4,500,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,132
Lot Size 0.16 acres
Stories 2
Year Built 2003
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 127-590-05
Parking
Garage Spaces 3
Parking Features Attached,Garage,Three Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Sprinkler/Irrigation,Patio
Lot Features Backs to Greenbelt/Park,Level
View Trees/Woods
Construction Frame,Shingle Siding
Roof Composition
Utilities & Systems
Heating Radiant,Hot Water,Radiant Floor
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $23,691
HOA Fee $871 / Monthly
HOA / Community IPM
HOA & Community
Community Amenities Controlled Access
📊

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 — 255 Glen Way, Incline Village

Est. Annual Revenue
$168,714
Avg Nightly Rate
$1442
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 66 / 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
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% ($900,000)
Home price
$4,500,000
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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