$2,500,000 Active
4665 Callahan Ranch Trail
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Rare 10-acre parcel in South Suburban Reno - with water rights! A vacant land opportunity of this magnitude is truly unparalleled. With no HOA nor CC&R's, you have complete freedom to design your own customized estate. Whether it's a multi-generational compound or an equestrian property with rolling pastures, the invitation is yours to build your dream home on your own terms. The incredible Galena Creek frontage and adjacency to BLM land give this land a sense of scale and privacy few estates ever achieve. Panoramic views of the entire Sierra Nevada range unfold across the property, while coveted water rights - 4.35 acre-feet of Priority 1860 rights and 13 acre-feet of 1865 rights - underscore its lasting value. Underground gas and electric are already conveniently in place. The setting strikes a rare balance: secluded, yet only minutes from shopping, dining, nature trails and more. Located just 20 minutes from both the Reno-Tahoe International Airport and Mt. Rose Ski-Tahoe Resort, and a short 30-minute scenic drive to beautiful Lake Tahoe. THE premier canvas for a legacy residence in Reno!

Listed by Sullivan Neal Luxury Real Estate — Dickson Realty - Montreux

Listing Details

Status Active
MLS # 260011587
Days on Market 5

Property History

Sep 08, 2026
Listed for sale
$2,500,000
Property Overview
Lot Size 10.00 acres
Property Type Land
STR Jurisdiction Washoe County
APN 148-070-25
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Gentle Sloping, Meadow, Rolling Slope
View Meadow, Mountain(s), Peek, Ski Resort, Trees/Woods, Valley
Utilities & Systems
Water Source Galena Creek
Financial
Annual Tax $2,447
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

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($500,000)
Home price
$2,500,000
Loan details
30-yr fixed, 6.5%
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