$13,500,000 $15,900,000 ↓ $2,400,000 reduced Active
631 California Avenue
Reno, NV 89509
STR Status Unknown
8 Beds
·
11.5 Baths
·
14,727 Sq Ft
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About This Property

A rare opportunity to own a fully restored historic landmark, the Nixon Mansion blends 1907 grandeur with modern precision. Originally built "On The Bluffs" for U.S. Senator George Nixon, this iconic estate has been meticulously reimagined, preserving its mahogany craftsmanship, Italian rooflines, and historic character while integrating today's finest systems and finishes. Set on 2.03 manicured acres with 206 feet of Truckee River frontage, the property offers 14,747 sq.ft. of living space, 8 ensuite bedrooms, grand entertaining spaces and 3,000+ sq.ft. of mechanical and storage space. With sweeping Sierra views and flexible potential, it stands as a legacy investment—timeless, irreplaceable, and built to endure. The result is not merely a residence, but an enduring asset — one of the West's most significant private estates, revitalized for modern living or adaptive use. Its scale and zoning offer flexible potential: a private compound, exclusive event venue, corporate retreat, or foundation headquarters — all within Nevada's business-friendly environment and absence of state income tax.

Listed by Donna Spear — Chase International-Damonte

Listing Details

Status Active
MLS # 240007167
Days on Market 847
Price/Sq Ft $917

Property History

Jun 08, 2024
Listed for sale
$15,900,000
Property Overview
Beds 8
Baths 11.5
Sq. Ft. 14,727
Lot Size 2.03 acres
Stories 3
Year Built 1907
Property Type Single Family Residence
Subdivision Newlands Heights
APN 011-141-34
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick, Stucco
Roof Pitched, Tile
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Radiant Floor
Cooling Central Air, Evaporative Cooling
Financial
Annual Tax $42,478
Schools
Elementary School Beck
Middle School Swope
High School Reno
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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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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

$74,636 per month
Principal & interest
$68,263/mo
Property taxes
$3,540/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
$2,833/mo
Estimated ~$27,500–$40,500/yr — get a local broker quote for accuracy.
Down payment
20% ($2,700,000)
Home price
$13,500,000
Loan details
30-yr fixed, 6.5%
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