$235,000 Active
5550 Flying Eagle Drive
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Runway Corner Lot - Flying Eagle Airpark (77NV), Reno NV Welcome aboard—whether you fly in or drive in, this is where you want to be. Located at the corner of Flying Eagle Dr. taxiway and Runway 16/34, this 40.56-acre parcel is one of the most coveted in the private, gated Flying Eagle Airpark. Offering unmatched convenience, you can taxi straight from your private hangar onto the runway and be airborne within minutes. Flying Eagle Airpark is a truly unique aviation community with only 16 parcels, each 40 acres, spread across 640 acres of pristine Northern Nevada. Residents enjoy security, privacy, and incredible panoramic views of the Sierra Nevada and surrounding high desert landscape. Two paved runways serve the community: 16/34 (4,700' x 35') and 7/25 (4,300' x 25'), available for private use exclusively by owners. Electricity is stubbed to the lot, and the generous acreage provides room for multiple homes, hangars, and recreational spaces. The location offers both serenity and convenience—just 18 miles from Reno, minutes to Pyramid Lake, and about 1.5 hours to Lake Tahoe. With no state income tax, Nevada is the ideal place to build your custom home and hangar retreat. Nearby airports with instrument procedures include Reno-Stead (14 nm SW), Reno/Tahoe International (21 nm S), Nervino (31 nm W), Amedee Army Airfield (33 nm NW), and Silver Springs (33 nm SE). This rare runway-front parcel combines exclusivity, accessibility, and lifestyle freedom—perfect for pilots, investors, and those who want to live life on their own terms. Aircraft(s) and hangar(s) shown in photos are not included in the sale; examples only.

Listed by Brian Kuykendall — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 250055715
Days on Market 267

Property History

Sep 11, 2025
Listed for sale
$235,000
Property Overview
Lot Size 40.56 acres
Property Type Land
STR Jurisdiction Washoe County
APN 07620025
Exterior & Lot
Lot Features Corner Lot, Level, Open Lot, Other, Airstrip, Airport/Runway
View Desert, Mountain(s), Rural, Valley
Financial
Annual Tax $1,572
HOA Fee $300 / Monthly
HOA / Community Air Park Ranches HOA
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
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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
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% ($47,000)
Home price
$235,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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