$2,000,000 Active
0 NV-447 #071-220-11
Gerlach, NV 89412
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

LUXURY PROPERTY AUCTION: 16-28 April. Accepting starting bids through 31 March. Starting bids expected at 1M+. Earn an incentive by 31 March. An uncommonly rare geothermal holding of 70 acres awaits just one mile from the heart of Gerlach, Nevada where two natural hot springs, affectionately known as Sandy J, flow into a tranquil on-site pond through a small dam. Set against the raw grandeur of the Black Rock Desert Conservation Area, this property commands sweeping mountain vistas and carries 144.79 acre-feet of deeded water rights, alongside the added utility of city water flowing beneath the land. Abundant streams animate the landscape, lending an almost surreal serenity to the surrounding high desert terrain. Positioned just 15 miles from the legendary Black Rock City host to the globally celebrated Burning Man Festival and moments from some of the darkest, most star-saturated night skies in the American West, this is a singular land holding of genuine rarity, primed for visionary development at the edge of one of Nevada's most storied landscapes.

Listed by Keith Semerad — Key Realty LLC

Listing Details

Status Active
MLS # 260003186
Days on Market 77

Property History

Mar 20, 2026
Listed for sale
$2,000,000
Property Overview
Lot Size 70.00 acres
Property Type Land
STR Jurisdiction Washoe County
APN 071-220-11
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Open Lot
Financial
Annual Tax $6,845
Schools
Elementary School Gerlach K-12
Middle School Gerlach K-12
High School Gerlach K-12
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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%

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% ($400,000)
Home price
$2,000,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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