$1,290,000 $1,750,000 ↓ $460,000 reduced Active
5485 Wildwood Drive
Reno, NV 89511

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STR Status Unknown

About This Property

GREAT NEW PRICE! Some properties are bought and sold... Others become a legacy. Welcome to Wildwood Mountain Estate, a once-in-a-generation opportunity where the vision has been set, the groundwork has been completed, and the dream of creating an extraordinary family estate is ready to become reality. Set on more than an acre in the coveted Callahan Ranch area of South Reno, this remarkable homesite captures breathtaking panoramic views of the Sierra Nevada, Mount Rose, and the Virginia Highlands while offering the privacy, serenity, and prestige that define mountain living. Extensive professional site preparation and infrastructure improvements have transformed the property into a true estate setting, with three beautifully terraced levels, comprehensive drainage and flood remediation, a new septic system, commercial-grade well, natural gas, and new 400-amp electrical service already in place. Imagine designing a custom mountain estate of nearly 6,000 square feet where generations gather for holidays, celebrations, and everyday moments. There is dedicated space for a resort-style pool, sport court, gardens, and an outdoor kitchen featuring approximately $30,000 in premium equipment ready for installation. Existing approved plans provide an incredible head start, while the detached multipurpose building offers immediate functionality. Wildwood Mountain Estate isn't simply land—it's the opportunity to create a legacy where family traditions begin, memories are made, and future generations will always call home.

Listed by Ruby Schwerin — Chase International-Damonte

Listing Details

Status Active
MLS # 260009091
Days on Market 98

Property History

Jul 16, 2026
Listed for sale
$1,750,000
Aug 28, 2026
Price reduced
$1,449,000 $1,750,000 ↓ $301,000
Oct 06, 2026
Price reduced
$1,290,000 $1,449,000 ↓ $159,000
Property Overview
Lot Size 1.07 acres
Property Type Land
Subdivision Galena Terrace Estates 1
APN 045-542-19
Exterior & Lot
Lot Features Level
View City, Mountain(s), Trees/Woods, Valley
Financial
Annual Tax $4,108
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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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

$6,865 per month
Principal & interest
$6,523/mo
Property taxes
$342/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($258,000)
Home price
$1,290,000
Loan details
30-yr fixed, 6.5%
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