$1,520,000 Active

1205 Whiskey Springs Road

Reno, NV 89510

✓ STR Allowed

Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

A rare opportunity to acquire six contiguous parcels totaling approximately 60 acres in the heart of Palomino Valley. Included APNs: 077-490-02, 077-490-03, 077-490-04, 077-490-07, 077-490-08, and 077-490-09. This exceptional offering includes 60 acre-feet of water rights, a 500-foot irrigation well, completed road infrastructure, and underground utilities serving multiple parcels. Currently configured as six 10-acre parcels, the property offers outstanding potential for a private ranch, equestrian estate, family compound, mini community development, or future investment. Additional subdivision potential may exist, subject to Washoe County approval and applicable regulations. Enjoy expansive mountain views, privacy, and the tranquility of rural living while remaining within convenient commuting distance to Reno and Sparks. Please contact the listing agent for additional information and available property documentation.

Listed by Karen Ann Hayes — Chase International-Damonte

Listing Details

Status Active

MLS # 260009904

Property History

Aug 01, 2026

Listed for sale

$1,520,000

Property Overview

Lot Size 60.00 acres

Property Type Land

STR Jurisdiction Washoe County

APN 077-490-07

Exterior & Lot

Lot Features Level, Open Lot

View Desert, Mountain(s), Valley

Financial

Annual Tax $967

Schools

Elementary School Taylor

Middle School Shaw Middle School

High School Spanish Springs

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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($304,000)

Home price

$1,520,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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