$719,000 $750,000 ↓ $31,000 reduced Active Under Contract

15185 Legend Trail

Reno, NV 89511

This home is under contract. See 6 similar homes for sale in and around Reno ↓

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STR Status Unknown

About This Property

This is 1 of 11 lots in the final phase of the Exclusive Gated community at Legend Trail Subdivision. New Whites creek bridge crossing, road extension and utilities are being constructed this summer/fall. We have definitely saved the best for last on these two lots-enjoying the same Legend Trail location, sunny exposures mountain and valley views, and access to white' creek trail, benefitting from the adjacent government land and open space. We are offering pre-construction discounts for early closings., Don't wait to select an estate lot to develop your dream home! Call Listing agent for more information and the Legend trail Design Review Guidelines.

Listed by Dominique Pavich — Pavich & Associates Realty

Listing Details

Status Active Under Contract

MLS # 250002014

Days on Market 608

Property History

Feb 21, 2025

Listed for sale

$750,000

Aug 11, 2026

Pending

$750,000

Sep 17, 2026

Relisted

$750,000

Sep 28, 2026

Price reduced

$719,000 $750,000 ↓ $31,000

Oct 08, 2026

Pending

$719,000

Property Overview

Lot Size 2.22 acres

Property Type Land

Subdivision Legend Trail Phase 2

APN 049-761-08

Exterior & Lot

Lot Features Gentle Sloping, Open Lot, Sloped Up, Corners Marked, Curbs, Storm Drains

View Mountain(s)

Financial

Annual Tax $533

HOA Fee $145 / Monthly

Schools

Elementary School Hunsberger

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

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS 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.

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

$3,825 per month

Principal & interest

$3,636/mo

Property taxes

$44/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$145/mo

From MLS listing data.

Home insurance

$0/mo

Land — no home to insure, so no insurance estimate.

Down payment

20% ($143,800)

Home price

$719,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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