$650,000 Active Under Contract
321 Ski Way #Unit 137
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Mountain Shadows HOA allows short-term rentals.
3 Beds
·
2.5 Baths
·
1,360 Sq Ft
Virtual Tour

About This Property

Mountain Shadows Basecamp awaits — ideal as a full-time residence, vacation getaway, or income-producing investment property with short-term rentals permitted. Diamond Peak Ski Resort is only a half mile up the street with a free shuttle that goes by every half hour for easy winter access to the slopes! For summer fun, enjoy FULL IVGID perks of 2 golf courses, an indoor recreation center, 3 beaches and more ... all within easy reach. Tucked away from the main road, this unit is centrally located between both complex pools. Two stairs to the front door with entry level kitchen and living spaces provide convenient unloading for skis, groceries, and gear! An elevated rear deck captures afternoon sun and overlooks a tranquil greenbelt between units for enhanced privacy and quiet enjoyment. HOA dues include Spectrum internet, Wi-Fi, and streaming services, adding convenience and value whether enjoying the property personally or maximizing rental appeal.

Listed by Wendy Poore — Sierra Sothebys Intl. Realty

Listing Details

Status Active Under Contract
MLS # 260006443
Days on Market 78
Price/Sq Ft $478

Property History

May 21, 2026
Listed for sale
$650,000
Jul 24, 2026
Pending
$650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 1992 · county record $136,360 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 2.5
Sq. Ft. 1,360
Stories 2
Year Built 1971
Property Type Condominium
Subdivision Mountain Shadows Incline 2
County Washoe
STR Jurisdiction Washoe County
APN 126-130-22
Parking
Total Parking 2
Parking Features Additional Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Sloped Down
Construction Frame
Roof Composition
Foundation Crawl Space, Full Perimeter
Pool & Spa
Pool In Ground
Utilities & Systems
Heating Baseboard, Electric
Financial
Annual Tax $2,940
HOA Fee $725 / Monthly
HOA / Community Westward 360
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Pool
📊

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 — 321 Ski Way #Unit 137, Incline Village

Est. Annual Revenue
$48,290
Avg Nightly Rate
$257
Projected Occupancy
51.5%
Cap Rate
3.0%
Structural Score: 48 / 100 (Standard) · STR Zone: Green

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
496 sq ft covered of 8 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
840 sq ft
Allowed Coverage
8 sq ft · 1%
Existing Coverage
496 sq ft · 59%
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% ($130,000)
Home price
$650,000
Loan details
30-yr fixed, 6.5%
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