$4,500,000 Active Under Contract
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 offering in The Glen, a private gated community in Incline Village, NV. This well-appointed home features 4 en-suite bedrooms, including two spacious primary suites with spa tubs and steam showers. Designed for year-round Tahoe comfort, the home features in-floor hydronic radiant heat and a high-efficiency boiler installed in April 2025. Enjoy a private patio plus an attached 3-car garage with built-in storage, and a 10’ x 25’ overhead storage area with an electric lift. Solid construction combined with luxurious finishes make this a great find. If walkability and being connected to town is important to you, then this can't be beat! You are just a 5 minute walk to the Rec Center and the Lake Tahoe School, a 10 minute stroll to Incline Beach, seconds away from tennis, pickleball, disc golf, and a short drive to shopping and dinning! Hop on your bike for easy access to the Lakeshore trail, East Shore Trail, Tunnel Creek and more! And don't forget the tax benefits!

Listed by Benjamin Cary — Incline Vacation Rentals

Listing Details

Status Active Under Contract
MLS # 1018983
Days on Market 96
Price/Sq Ft $1,089

Property History

Jun 16, 2026
Listed for sale
$4,500,000
Sep 16, 2026
Pending
$4,500,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2004 · county record $1,706,500 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 4
Baths 4.5
Sq. Ft. 4,132
Lot Size 0.16 acres
Stories 2
Year Built 2003
Property Type Single Family Residence
Style Traditional
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 Natural Gas,Radiant,Gas,Hot Water,Radiant Floor
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 Premium
71
PROJECTED GROSS ANNUAL REVENUE
$80K – $110K typically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
0.8%

STR Investment Summary — 255 Glen Way, Incline Village

Est. Gross Annual Revenue
$80K – $110K
typically ~$95,000
Avg Nightly Rate
$813
Projected Occupancy
32.0%
Cap Rate
0.8%
Structural Score: 71 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (265 comparable 4-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
4,464 sq ft covered of 2,125 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
7,082 sq ft
Allowed Coverage
2,125 sq ft · 30%
Existing Coverage
4,464 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. 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% ($900,000)
Home price
$4,500,000
Loan details
30-yr fixed, 6.5%
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