$550,000 Active
333 Ski Way #UNIT 289
Incline Village, NV 89451
✓ STR Allowed
Washoe County has no STR permit caps. Ski Way Ridge HOA allows short-term rentals.
2 Beds
·
2.0 Baths
·
1,064 Sq Ft

About This Property

Single-Owner Penthouse Retreat with Full IVGID Privileges — 333 Ski Way #289 Offered for the first time by its original owner, this 2-bedroom, 2-bath penthouse condo offers vaulted, timber-beamed ceilings, a private loft, and a peaceful wooded setting just minutes from Diamond Peak Ski Resort, the Incline Village Championship Golf Course, and the shores of Lake Tahoe — all with full IVGID privileges, granting access to Incline Village's private beaches, ski resort, golf courses, tennis, and recreation facilities. The primary bedroom is conveniently located on the main entry level, offering an ensuite bath and easy, single-level living. Downstairs, the open living area is anchored by a floor-to-ceiling stone wood-burning fireplace and soars beneath dramatic exposed beams, with sliding doors opening to a private deck overlooking towering pines. Tucked off the living room, the second bedroom is defined by a folding accordion wall — offering flexible privacy when closed, or opening the space up for a more expansive great room feel. The adjacent dining area and eat-in kitchen bar comfortably seat guests, with the kitchen offering a tile counter, breakfast bar with stool seating, and a functional layout for home-cooked meals between adventures. Up the open staircase, a versatile loft tucks beneath the soaring roofline, offering additional storage space and a bonus sleeping or lounge area overlooking the living room below through a rustic wood-and-iron railing. Held by the same owner since it was built, this condo retains its original, classic mountain character throughout — a rare opportunity for a buyer looking to make it their own or continue enjoying its warm, timeless charm as-is. Location & Amenity Highlights: Full IVGID privileges — beaches, ski resort, golf, and recreation access Single owner since construction Minutes to Diamond Peak Ski Resort Near the Incline Village Championship Golf Course Close to Lake Tahoe's beaches, trails, and Incline Village Village Center Private deck with forest views

Listed by Kristen Pepin — Incline at Tahoe Realty

Listing Details

Status Active
MLS # 260010838
Price/Sq Ft $517

Property History

Aug 21, 2026
Listed for sale
$550,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,064
Lot Size 0.01 acres
Stories 2
Year Built 1980
Property Type Condominium
Subdivision Mountain Shadows Incline 8
County Washoe
STR Jurisdiction Washoe County
APN 126-163-02
Parking
Garage Spaces 1
Total Parking 2
Parking Features Garage, Under Building
Attached Garage Yes
Exterior & Lot
Lot Features Gentle Sloping, Wooded
View Trees/Woods
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Baseboard, Radiant
Financial
Annual Tax $3,750
HOA / Community Ski Way Ridge
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities None
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$10K – $25K typically ~$17,608
~$1,467 per month
Avg Nightly
$107
Occupancy
45%
Cap Rate
1.3%

STR Investment Summary — 333 Ski Way #UNIT 289, Incline Village

Est. Gross Annual Revenue
$10K – $25K
typically ~$17,608
Avg Nightly Rate
$107
Projected Occupancy
45.0%
Cap Rate
1.3%
Structural Score: 52 / 100 (Standard) · STR Zone: Green

Nightly rates and occupancy from Incline Village market data (133 comparable 2-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
956 sq ft covered of 10 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
956 sq ft
Allowed Coverage
10 sq ft · 1%
Existing Coverage
956 sq ft · 100%
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% ($110,000)
Home price
$550,000
Loan details
30-yr fixed, 6.5%
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