$299,000
Active
3125 Socrates Drive
Reno, NV 89512
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
Unbelievable panoramic city views, with the majestic Sierra Nevada Mountains as a backdrop! University Ridge lot with all utilities at site. This is truly a one of a kind opportunity to build the home of your dreams, with the best views in town! Enjoy spectacular sunsets, the balloon races and so much more. The photos give you an idea, but to fully appreciate the views, you need to visit the lot and see for yourself.
Listed by Steve Blane — Ferrari-Lund Real Estate Reno
Listing Details
Status
Active
MLS #
260004486
Days on Market
51
Property History
Apr 15, 2026
Listed for sale
$299,000
Property Overview
Lot Size
0.35 acres
Property Type
Land
Subdivision
University Heights 2 Phase 2
STR Jurisdiction
Washoe County
APN
003-501-06
Exterior & Lot
Lot Features
Level, Sloped Down, Curbs, Sidewalks
View
City, Mountain(s), Valley
Financial
Annual Tax
$1,020
HOA Fee
$330 / Annually
HOA / Community
University Ridge HOA
Schools
Elementary School
Peavine
Middle School
Clayton
High School
Hug
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% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
