$4,600,000 Active
123 Andrew Lane
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
6 Beds
·
5.5 Baths
·
7,112 Sq Ft

About This Property

Offered for the first time in decades, this extraordinary custom estate in Pleasant Valley blends timeless craftsmanship, privacy, and fully usable land into a truly one-of-a-kind Northern Nevada property. Owned by the same family for nearly 30 years, the estate was thoughtfully designed to create an exceptional retreat for entertaining, gatherings, and everyday living. The home showcases remarkable artisan detail throughout, including fully custom metalwork fabricated specifically for the property — from the hand-crafted stair railings to the striking grapevine entry structure and exterior architectural accents. Intricate tile murals were individually created one tile at a time, while custom faux-painted finishes add warmth and character throughout the residence. Expansive skylights flood the home with natural light, creating an inviting atmosphere across the thoughtfully designed interior spaces. Designed with entertaining in mind, the property has hosted multiple weddings and offers incredible potential as a private event venue or multigenerational retreat. The grounds feature mature fruit trees, irrigated pasture seeded with timothy grass, rich organic soil, valuable water rights, and an automatic sprinkler system servicing the pasture areas. The estate is exceptionally well-equipped with two 10,000-gallon water storage tanks, extensive covered parking with multiple drive-through garage bays and carport access totaling approximately 5.5 covered spaces, and seamless indoor-outdoor living throughout the property. A substantial exterior fireplace gathering area creates an incredible setting for outdoor entertaining year-round. Additional features include a smart-home system, boys' steam shower, and a level of custom craftsmanship rarely seen in today's construction. A rare opportunity to own a legacy Pleasant Valley estate combining land, privacy, functionality, and true handcrafted design just minutes from Reno.

Listed by Tim O'Brien — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260006067
Price/Sq Ft $647

Property History

May 14, 2026
Listed for sale
$4,600,000
Property Overview
Beds 6
Baths 5.5
Sq. Ft. 7,112
Lot Size 12.93 acres
Stories 2
Year Built 2005
Property Type Single Family Residence
APN 017-330-26
Parking
Garage Spaces 5
Total Parking 5
Parking Features Additional Parking, Attached, Carport, Garage, Garage Door Opener, Parking Pad, RV Access/Parking, RV Garage, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue, Multiple Entry Flat or Ramped, Outdoor Kitchen, RV Hookup
Lot Features Cul-De-Sac, Flag Lot, Landscaped, Level, Meadow, Pasture, Sprinklers In Front, Sprinklers In Rear
View Meadow, Mountain(s), Peek, Ski Resort, Trees/Woods
Construction Insulation - Batts, Brick, Stucco
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Wood Stove, Electric, Fireplace(s), Forced Air, Propane
Cooling Attic Fan, Central Air, Electric
Water Source Pond
Financial
Annual Tax $27,336
Schools
Elementary School Pleasant Valley
Middle School Depoali
High School Damonte
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($920,000)
Home price
$4,600,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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