Question 1

Can I run a short-term rental at Alpine Terrace in Incline Village?

Accepted Answer

This requires direct verification before you write an offer. The source documentation states STR is "subject to Washoe County STR permitting guidelines and HOA lease rules" — this language does not confirm that short-term rentals are permitted. Alpine Terrace sits in an MDR (Multi-Residential) TRPA zone, which typically carries a 30-day minimum rental restriction. The HOA lease rules language could mean an additional minimum lease term is in effect at the HOA level. Do not underwrite STR income at Alpine Terrace without first obtaining the full CC&Rs from the resale package, confirming the minimum lease term directly with Reno Property Management, and verifying that a Washoe County STR permit slot is actually available at 330 Ski Way. The complex's ski-corridor location makes it attractive for winter rental, but the MDR zoning and unconfirmed HOA lease rules are material risks for any short-term rental underwriting. Verify all layers before closing.

Question 2

How close is Alpine Terrace to Diamond Peak Ski Resort?

Accepted Answer

Alpine Terrace at 330 Ski Way is approximately 0.5 miles from Diamond Peak Ski Resort at 1210 Ski Way — roughly a 13-minute walk up the Ski Way corridor. This makes it one of the closest condo complexes to Diamond Peak in Incline Village. The tradeoff is beach distance: Ski Beach and Incline Beach are approximately 1.7 miles by car, and Burnt Cedar Beach is 2.0 miles. Alpine Terrace is a ski-first, drive-to-the-lake property. For buyers who prioritize ski access over beach proximity — particularly those who want to walk to Diamond Peak in ski season — Alpine Terrace's Ski Way address is one of the strongest positions in the market. The Incline Village Recreation Center is 1.0 mile away, Raley's is 1.4 miles, and the Post Office is 1.5 miles.

Question 3

What should I know about Alpine Terrace's HOA before making an offer?

Accepted Answer

Alpine Terrace's HOA runs approximately $720/month flat, managed by Reno Property Management. The HOA covers common area maintenance, exterior structure maintenance, snow removal, hazard insurance, water, sewer, and trash — a solid coverage package. Notably, there is no pool, spa, clubhouse, or fitness center, which keeps overhead lean and the $720 flat rate competitive for a ski-corridor property. At $720/month on a $600K–$750K price range, the HOA-to-price ratio is reasonable for Incline Village. Before you write an offer, request the reserve study, the last two years of board minutes, and the current insurance declarations. Alpine Terrace was built in 1974 — these are approximately 50-year-old wood-frame structures on the Eastern Slope. Wildfire insurance costs on the North Shore have risen sharply — confirm current policy and premium. Reserve adequacy on a 1974 wood-frame structure with no amenity infrastructure is the key underwriting question.

Question 4

What unit types and floor plans are available at Alpine Terrace?

Accepted Answer

Alpine Terrace offers a single floor plan configuration across 25 units: 2BD/2BA loft-style at approximately 1,200 sq ft, priced in the $600K–$750K+ range. The loft layout features a main-level primary bedroom and an upper loft bedroom, with vaulted timber ceilings, an open kitchen/living layout, and large south-facing private wood decks with forest and mountain views. Heating is natural gas forced-air with auxiliary pellet/wood stoves; no central A/C (cross-ventilation standard). Parking is open off-street surface only — no enclosed garages. The complex has direct access to forest walking trails along the Ski Way corridor. With only 25 units, Alpine Terrace is a boutique complex — inventory turns over infrequently, and competition for available units can be significant in ski season.

Question 5

What type of buyer is Alpine Terrace best suited for in today's Incline Village market?

Accepted Answer

Alpine Terrace fits two buyer profiles well: ski-priority buyers who want to walk to Diamond Peak (~0.5 mi up Ski Way) and value a boutique 25-unit complex with a lean $720/month HOA and no amenity overhead; and primary or long-term rental buyers who want a 2BD/2BA loft-style unit in the $600K–$750K range with full IVGID privileges and a forest/mountain setting. Where Alpine Terrace requires extra diligence: STR permissibility is unconfirmed — MDR zoning typically carries a 30-day minimum, and the HOA lease rules are not confirmed in the source documentation. Beach access requires a car (1.7 mi to Ski/Incline Beach). Parking is surface only with no enclosed garages. The 1974 vintage means reserve funding and wildfire insurance are key due-diligence items. With only 25 units, the complex is illiquid — resale timelines can be longer than larger complexes.

Alpine Terrace

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