$615,000 Active
321 Ski Way #UNIT 92
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Mountain Shadows HOA allows short-term rentals.
2 Beds
·
1.5 Baths
·
1,152 Sq Ft

About This Property

Enjoy the best of Lake Tahoe living in this fully furnished, turn-key condo in tax-friendly Nevada. Conveniently located just minutes from the Diamond Peak ski shuttle, this inviting two-level floor plan features bedrooms on the lower level and an open-concept kitchen, dining, and living area upstairs, complete with a cozy fireplace. Full IVGID privileges provide access to three private beaches, resident rates at Diamond Peak Ski Resort, two golf courses, and outstanding recreation amenities, including tennis and pickleball facilities. The pet-friendly HOA features two private pools with saunas, and this unit is ideally situated near one of the pools. Short-term rentals are permitted with a Washoe County permit, making this an excellent investment opportunity. A tenant is currently in place with an active lease, providing immediate rental income. Whether you're looking for a mountain retreat, full-time residence, or income-producing property, this condo offers exceptional value and the added benefit of Nevada's favorable tax environment.

Listed by Tyler Cornu — Real Broker LLC

Listing Details

Status Active
MLS # 260008123
Price/Sq Ft $534

Property History

Jun 25, 2026
Listed for sale
$615,000
Property Overview
Beds 2
Baths 1.5
Sq. Ft. 1,152
Stories 2
Year Built 1970
Property Type Condominium
Subdivision Mountain Shadows Incline 2
County Washoe
STR Jurisdiction Washoe County
APN 126-120-21
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped
View Trees/Woods
Roof Pitched
Foundation Crawl Space
Utilities & Systems
Heating Electric
Financial
Annual Tax $2,549
HOA Fee $725 / Monthly
HOA / Community Mountain Shadows
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Landscaping, 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 92, Incline Village

Est. Annual Revenue
$26,521
Avg Nightly Rate
$205
Projected Occupancy
34.5%
Cap Rate
1.7%
Structural Score: 49 / 100 (Standard) · 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% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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