$1,100,000 Active
1931 Lousetown Road
Reno, NV 89521
STR Status Unknown
4 Beds
·
3.0 Baths
·
2,921 Sq Ft

About This Property

This private retreat in Virginia Highlands is the complete package. From peaceful mountain living to modern upgrades, smart-home convenience, a stand-alone ADU and a 2000 square foot shop, this immaculate property offers functionality on a level, usable 1-acre lot with a brand-new paved driveway. The main residence features 3 bedrooms and 2 bathrooms plus a flex space - perfect for a hobby room, office or exercise room complete with an infrared sauna for a retreat right at home. High ceilings, newer flooring, updated lighting, and AC create a bright and inviting atmosphere throughout. The home has been thoughtfully upgraded with a newer roof, new water heater, and a stunning new primary bathroom with a huge free-standing tub. Ideal for guests or multi-generational living, the ADU is fully equipped with its own kitchen, full bathroom, bedroom, comfortable sitting area and utility/mud room complete with a washer/dryer providing storage and independence. This property is designed for modern living and sustainability with Tesla solar, two Tesla EV chargers and Philips Hue smart lighting inside and out. The impressive 2,000 sq ft shop features two 14 foot doors, offering endless possibilities for RV/toy storage, projects or workspace. In this peaceful rural setting, you'll also enjoy the rare convenience of the school bus stop located directly across the street, along with added peace of mind knowing the fire station is just one mile down the road. With thoughtful upgrades throughout and a beautiful natural setting, this exceptional property is ready for you to enjoy!

Listed by Katie Conway — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260006037
Price/Sq Ft $377

Property History

May 14, 2026
Listed for sale
$1,100,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,921
Lot Size 1.00 acres
Stories 1
Year Built 1999
Property Type Single Family Residence
APN 003-123-07
Parking
Garage Spaces 6
Total Parking 6
Parking Features Additional Parking, Detached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, RV Access/Parking, RV Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Adjoins BLM/BIA Land, Landscaped, Level, Wooded
View Mountain(s), Trees/Woods
Construction Stone
Roof Composition
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas, Pellet Stove, Propane, Radiant
Cooling Central Air
Financial
Annual Tax $4,658
HOA Fee $100 / Annually
HOA / Community VCHPOA
Schools
Elementary School Gallagher, Hugh
Middle School Virginia City
High School Virginia City
HOA & Community
Community Amenities None
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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% ($220,000)
Home price
$1,100,000
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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