$3,500,000 Active
11185 Thomas Creek Road
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Build your dream estate on one of the last remaining homesites in Reno's prestigious South Suburban Ranch Lands. Spanning 8.46 acres, this exceptional property offers breathtaking Sierra Nevada views, open space, and the rare opportunity to create a custom residence tailored to your lifestyle. Surrounded by luxury equestrian properties and rolling pastures, this premier parcel delivers the perfect balance of privacy and convenience—just minutes from shopping, dining, parks, trails, and Reno-Tahoe International Airport. Included are 7 shares of Steamboat Canal & Irrigation stock, providing valuable water rights. With no HOA, no CC&Rs, and no restrictive building requirements, you'll enjoy the freedom to design the ultimate estate, barn, workshop, guest house, or toy garage. Bring your horses, RVs, and recreational vehicles, and create the lifestyle you've always envisioned in one of Northern Nevada's most sought-after locations. Shared driveway and fencing with neighboring properties.

Listed by Sullivan Neal Luxury Real Estate — Dickson Realty - Montreux

Listing Details

Status Active
MLS # 260008312

Property History

Jun 29, 2026
Listed for sale
$3,500,000
Property Overview
Lot Size 8.46 acres
Property Type Land
STR Jurisdiction Washoe County
APN 230-101-10
Exterior & Lot
Lot Features Flag Lot, Gentle Sloping, Cleared
View City, Mountain(s), Trees/Woods
Financial
Annual Tax $10,521
Schools
Elementary School Lenz
Middle School Marce Herz
High School Galena
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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% ($700,000)
Home price
$3,500,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR
530.613.5207

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